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16 May 13 Removing the tax advantages available to multiple entry consolidated groups - issues paper released

On 14 May 2013, in conjunction with the delivery of the 2013-14 Budget, the Treasurer announced a package of changes to the law to protect the corporate tax base from "erosion and loopholes".

Treasury has now released, for information purposes, an issues paper entitled "Removing the tax advantages for multiple entry consolidated groups".

Treasury advises that in July 2013, a tripartite working group (involving the Treasury, the ATO and the private sector) will release a consultation paper inviting comment from the business community on the implementation options it has identified.


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