03 August 2018 Australia's Treasury releases draft law on thin capitalization asset valuations and inbound-outbound measures The Australian Treasury released an exposure draft law (ED) on August 1, on the two thin capitalization measures announced in the 2018/19 Federal Budget. These measures are intended to further tighten Australia's thin capitalization debt deduction denial rules. In addition, the Australian Taxation Office (ATO) released two draft tax determinations (TDs) on thin capitalization valuation of debt capital and debt classification issues. Document ID: 2018-1568 |