Worldwide gearing test: Thin cap policy - Part II Jenny Wong explores the worldwide gearing test aspects of Labor's thin capitalisation policy. Following my earlier article Unpacking Labor’s thin capitalisation policy – Part I, I explore in more detail the worldwide gearing ratio under Australia’s thin capitalisation rules in this article.When Labor announced its policy to only adopt a single test for thin capitalisation, the ‘worldwide gearing ratio’, the Australian Greens sought the Parliamentary Budget Office (PBO) costing on this proposal. The costing at the time ($1.75 billion over the 2016-17 Budget forward estimates period) wa... Sign in below or register now to read the full article |
Authors: Jenny Wong Published Date: 29 January 2019 |
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