RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Extortionist OZschwitz fiscal fiend seeks to take scalpel to energy and resources firms Sat Jul 06, 2013 2:54 am | |
| The Tax Office will open 60 cases of suspected tax dodging by Australian and international companies amid global pressure to crack down on profit shifting.
The investigations will add to the 26 cases of offshore restructuring already under review by the government body.
Under scrutiny are companies that deliberately restructure their business to route profits through low-tax jurisdictions or tax havens to avoid paying higher taxes in Australia, often through the use of post box companies or marketing hubs that have little real substance.
''The government has given the ATO a further appropriation of money to do more about this restructuring risk,'' Deputy Commissioner Mark Konza, who is heading the ATO's new taskforce into offshore tax schemes, said.
Read more: http://www.smh.com.au/national/tax-man-takes-scalpel-to-energy-and-resources-firms-20130705-2phat.html#ixzz2YFJTOiCO |
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