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The bottom erosion tax necessitates an annual calculation. Tax fairness buyers is not going to know see this page until eventually the tip of on a yearly basis whether they must fork out again tax credits on which they were being counting that calendar year.

Renewable Electrical power organizations apprehensive that a fresh foundation erosion anti-abuse tax, called BEAT, could further more lower the amount of tax fairness by which makes it more difficult for tax equity investors who're issue to The brand new tax to know, whenever a tax equity offer closes, whether they will receive the tax credits on which These are counting.

Finance worked with each govt and non-federal government stakeholders to acquire the template, including via a entire-of-authorities Doing work group, the Australian Authorities Solicitor As well as in consultation with peak grant receiver bodies.

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