Australian Treasury releases Discussion Paper on new thin cap rules, royalty deduction rules and public tax disclosure rules

The discussion paper addresses the Labor Government’s election proposals under its tax integrity package to address tax avoidance and improve transparency.

The paper discusses the background to the proposals, policy issues and implementation considerations, with a series of consultation questions for each measure.

Responses to the consultation are to be submitted by 2 September 2022.

Taxpayers should review the proposals and consider the implications on their Australian operations.