Component 1: Supporting a global 15% minimum tax

Implement the OECD’s Global Two Pillar plan for a global 15% minimum effective tax rate on multinationals and for the taxes on multinational profits to better reflect where products and services are sold.

Component 2: Limiting debt related deductions by multinationals

The proposal has two components that both commence from 1 July 2022.

Component 1: Carbon-dioxide (CO2)-equivalent emissions levy

The proposal has two components that both commence from 1 July 2022.

Component 1: Carbon-dioxide (CO2)-equivalent emissions levy

The proposal has two components that both commence from 1 July 2022.

Component 1: Carbon-dioxide (CO2)-equivalent emissions levy

The proposal has two components that both commence from 1 July 2022.

Component 1: Carbon-dioxide (CO2)-equivalent emissions levy

The proposal has two components that both commence from 1 July 2022.

Component 1: Carbon-dioxide (CO2)-equivalent emissions levy

The proposal has two components that both commence from 1 July 2022.

Component 1: Carbon-dioxide (CO2)-equivalent emissions levy

This proposal would introduce a new super-profits tax at a rate of 40% that would apply to company profits that exceed an allowance for a corporate equity threshold with effect from 1 July 2022.

Only post-company tax Australian-sourced profits would be subject to the super-profits tax and the allowance for corporate equity threshold would equal shareholder equity multiplied by 5% plus the long-term bond rate.

This proposal would introduce a new super-profits tax at a rate of 40% that would apply to company profits that exceed an allowance for a corporate equity threshold with effect from 1 July 2022.

Only post-company tax Australian-sourced profits would be subject to the super-profits tax and the allowance for corporate equity threshold would equal shareholder equity multiplied by 5% plus the long-term bond rate.

This proposal would introduce a new super-profits tax at a rate of 40% that would apply to company profits that exceed an allowance for a corporate equity threshold with effect from 1 July 2022.

Only post-company tax Australian-sourced profits would be subject to the super-profits tax and the allowance for corporate equity threshold would equal shareholder equity multiplied by 5% plus the long-term bond rate.