New Australian government addresses unlegislated tax measures

Asia-Pacific Tax Newsalert
Following the recent change in government, the Australian Treasurer has issued a media release regarding the fates of previously announced but unlegislated tax measures. The release identifies the measures that will not proceed, those that will be implemented, and those that may be subject to further consultation.

US multinationals with Australian subsidiaries, and US subsidiaries of Australian multinationals, should understand the impact of the measures that will and will not proceed.

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