The Australian Government has proposed amendments to the thin capitalization and debt deduction creation rules, which have been referred to a Senate committee to report by 5 February 2024, thereby delaying the enactment of the measures.The thin capitalization measures are still expected to apply to income years starting on or after 1 July 2023.The amendments include a proposal to defer the debt deduction creation measures to apply to income years starting on or after 1 July 2024; however they may apply to transactions that occurred before this date.Requirements to disclose subsidiary information, including tax residency, would apply from financial years...