On 14 August 2024, the Australian Senate Economics Legislation Committee issued its report on the provisions of the:
- Taxation (Multinational—Global and Domestic Minimum Tax) Imposition Bill 2024;
- Taxation (Multinational—Global and Domestic Minimum Tax) Bill 2024; and
- Treasury Laws Amendment (Multinational— Global and Domestic Minimum Tax) (Consequential) Bill 2024.
As previously reported, the legislation provides for the implementation of the Pillar 2 global minimum tax in Australia, i…