Hybrid Mismatch Rules – US GILTI rules do not correspond to Australia’s CFC rules - 30 June 2022

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On 29 June 2022, the ATO finalised TD 2022/9, in relation to whether the US GILTI rules correspond to the CFC rules in section 456 or 457 of the ITAA 1936 for the purpose of the hybrid mismatch rules in subsection 832-30(5) of the ITAA 1997.
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