Ending Corporate Tax Avoidance
The proposal consists of six components.
Component 1: Deny royalty tax deductions to Significant Global Entities (SGEs) for related party transactions.
Deny SGEs a tax deduction for royalties for the use of, or right to use, intellectual property within Australia, when either:
- the royalties are paid to a related party
- the party to which they are paid is in a jurisdiction that provides preferential tax treatment for intellectual property royalties.
Component 2: Change thin capitalisation rules.
Read moreChanging the definition of “fuel efficient cars” in Section 25.1(4) of the Luxury Car Tax Act 2008
The proposal would amend the definition of a ‘fuel efficient car’ for the purposes of the luxury car tax to include vehicles with a fuel consumption of no more than 4 litres per 100km (the current definition includes vehicles with a fuel consumption of no more than 7 litres per 100km).
The request also sought an assessment of the behavioural impact of the proposal on the sale of luxury cars.
The proposal would start 1 July 2023.
Read moreChanging the definition of “fuel efficient cars” in Section 25.1(4) of the Luxury Car Tax Act 2008
The proposal would amend the definition of a ‘fuel efficient car’ for the purposes of the luxury car tax to include vehicles with a fuel consumption of no more than 4 litres per 100km (the current definition includes vehicles with a fuel consumption of no more than 7 litres per 100km).
The request also sought an assessment of the behavioural impact of the proposal on the sale of luxury cars.
The proposal would start 1 July 2023.
Read moreChanging the definition of “fuel efficient cars” in Section 25.1(4) of the Luxury Car Tax Act 2008
The proposal would amend the definition of a ‘fuel efficient car’ for the purposes of the luxury car tax to include vehicles with a fuel consumption of no more than 4 litres per 100km (the current definition includes vehicles with a fuel consumption of no more than 7 litres per 100km).
The request also sought an assessment of the behavioural impact of the proposal on the sale of luxury cars.
The proposal would start 1 July 2023.
Read moreChanging the definition of “fuel efficient cars” in Section 25.1(4) of the Luxury Car Tax Act 2008
The proposal would amend the definition of a ‘fuel efficient car’ for the purposes of the luxury car tax to include vehicles with a fuel consumption of no more than 4 litres per 100km (the current definition includes vehicles with a fuel consumption of no more than 7 litres per 100km).
The request also sought an assessment of the behavioural impact of the proposal on the sale of luxury cars.
The proposal would start 1 July 2023.
Read moreChanging the definition of “fuel efficient cars” in Section 25.1(4) of the Luxury Car Tax Act 2008
The proposal would amend the definition of a ‘fuel efficient car’ for the purposes of the luxury car tax to include vehicles with a fuel consumption of no more than 4 litres per 100km (the current definition includes vehicles with a fuel consumption of no more than 7 litres per 100km).
The request also sought an assessment of the behavioural impact of the proposal on the sale of luxury cars.
The proposal would start 1 July 2023.
Read moreChanging the definition of “fuel efficient cars” in Section 25.1(4) of the Luxury Car Tax Act 2008
The proposal would amend the definition of a ‘fuel efficient car’ for the purposes of the luxury car tax to include vehicles with a fuel consumption of no more than 4 litres per 100km (the current definition includes vehicles with a fuel consumption of no more than 7 litres per 100km).
The request also sought an assessment of the behavioural impact of the proposal on the sale of luxury cars.
The proposal would start 1 July 2023.
Read moreChanging the definition of “fuel efficient cars” in Section 25.1(4) of the Luxury Car Tax Act 2008
The proposal would amend the definition of a ‘fuel efficient car’ for the purposes of the luxury car tax to include vehicles with a fuel consumption of no more than 4 litres per 100km (the current definition includes vehicles with a fuel consumption of no more than 7 litres per 100km).
The request also sought an assessment of the behavioural impact of the proposal on the sale of luxury cars.
The proposal would start 1 July 2023.
Read moreChanging the definition of “fuel efficient cars” in Section 25.1(4) of the Luxury Car Tax Act 2008
The proposal would amend the definition of a ‘fuel efficient car’ for the purposes of the luxury car tax to include vehicles with a fuel consumption of no more than 4 litres per 100km (the current definition includes vehicles with a fuel consumption of no more than 7 litres per 100km).
The request also sought an assessment of the behavioural impact of the proposal on the sale of luxury cars.
The proposal would start 1 July 2023.
Read morePhase out the current tax treatment of negative gearing and the capital gains tax discount (PER660)
The proposal has three components.
Component 1 – Phase out the capital gains tax discount
Read more