Pre-election PBOs costings of the royalty integrity measure – do they signal a shift in direction?

Costing assumptions of the ALP's royalties integrity measure in the PBO's 2022 Election commitments report indicate a widening of the types of transactions than what was outlined in the pre-election policy announcement.

Parliamentary Budget Office (PBO) has released its 2022 Election commitments report (PBO Report) which provides the budget impact of the 2022 election commitments made by the major parties. This includes the costings of the Australian Labor Party's (ALP) pre-election 'Plan to Ensure Multinationals Pay Their Fair Share of Tax', which itself includes the ALP's proposed changes to the thin capitalisation rules and a royalties integrity measure. The costing assumptions for the thin capital...

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Authors: Alia Lum, Paul Sorrell,

Published Date: 25 July 2022