Australia is mulling changes to its global minimum tax regime and is seeking taxpayer input.
The Australian Tax Office issued a consultation Monday on the implementation of various administrative guidance from the Organization for Economic Cooperation and Development.
These include an equity investment inclusion election, rules on qualified flow-through tax benefits, an election for regulated mutual insurance companies, and rules on securitisation entities.
- The OECD-negotiated minimum tax, known as Pillar Two of its global tax deal, looks to set a minimum 15% tax rate on large multinationals.
- The US is currently pressuring countries to exempt its multinationals from ...