Australia's Proposed Intangibles Tax At Odds With Global Rules
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Australia's Proposed Intangibles Tax At Odds With Global Rules
Australia’s recent proposal to curb tax avoidance by multinationals is poised to overlap with the OECD-led global minimum tax, sparking concerns of double taxation. The measure would deny deductions on payments related to intangibles, like patents, made to entities in jurisdictions with a corporate rate that is lower than 15%.
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