Thin capitalisation exposure draft legislation: KPMG submission

Changes to the proposed thin capitalisation tests are needed in order to ensure they operate in a fair and balanced manner.

We welcome the opportunity to provide a submission on the exposure draft Treasury Laws Amendment (Measures for Future Bills) Bill 2023: Thin capitalisation interest limitation (the Draft Bill) released by Treasury on 16 March 2023. We acknowledge the Federal Government’s commitment to maintaining the integrity of Australia’s tax base arising from the use of excessive debt deductions and its intention to bring Australia’s thin capitalisation rules more in line with OECD’s best practice guidel...

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Authors: Alia Lum, Julian Humphrey,

Published Date: 14 April 2023