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Australia Supports OECD Subject to Tax Rule as Part of Commitment to Multinational Tax Reform

23 September 2024

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Australia

The Australian Assistant Minister for Competition, Charities and Treasury, Andrew Leigh, has issued a release on Australia's commitment to multinational tax reform with the signing of a Statement of Support for the OECD's 'Subject to Tax Rule'. As previously reported, the OECD's signing ceremony for the Multilateral Convention to Facilitate the Implementation of the Pillar Two Subject to Tax Rule (STTR MLI) on 19 September 2024. Australia took part in the ceremony but did not sign or express their intent to sign the convention. --- Closing the door on multinational tax avoidance The Albanese Government is making sure that the...