Tax changes ‘turning investors off Australia’

A leading international trade group says cumbersome and poorly explained new tax requirements for multinationals has put overseas investment in Australia at risk, adding to claims the Albanese government is eroding the country’s business-friendly credentials.

Criticism of proposed country-by-country tax reporting rules comes after an overhaul of rules around thin capitalisation and offshore intangible assets that’s led to months of frustration of business groups.