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Second Reading Speeches

Diverted Profits Tax Bill 2017

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
45

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Summary

Introduced with the Treasury Laws Amendment (Combating Multinational Tax Avoidance) Bill 2017, the bill imposes a diverted profits tax at a rate of 40 per cent on the amount of a significant global entity’s diverted profits.