Australia’s Pillar Two tax rules are changing. Learn what the reforms mean for multinational groups, compliance obligations and global tax reporting.
Latest Insights about International Tax
In this second instalment, Buck Xiao of Hall Chadwick continues his deep dive into Australian and US partnership taxation.
Comparative analysis of Australian and US partnership tax systems, including foreign hybrid rules and practical guidance for cross-border businesses.
On 28 November 2024, Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Bill 2024 passed all stages of parliament without amendment.
On 10 December 2024, the Pillar Two rules received royal assent in Australia.
Understanding the Recent Changes to Australia’s Thin Capitalisation Rules.
The introduction of the OECD’s Pillar Two signifies a significant shift in tax calculation & imposition, in an attempt to ensure a level playing field for businesses worldwide.
Foreign intellectual property in the ATO’s crosshairs.
Thinking of expanding into the US? Our International Tax team has done the hard work to guide you through the Australian & US tax laws.
The foreign hybrid rules can overcome the mismatch of unfavourable tax outcomes and significant compliance costs for business structures overseas.