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 Fears of kidnapping prompt OZschwitz government review of tax disclosure laws

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RR Phantom

RR Phantom

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Fears of kidnapping prompt OZschwitz government review of tax disclosure laws Vide
PostSubject: Fears of kidnapping prompt OZschwitz government review of tax disclosure laws   Fears of kidnapping prompt OZschwitz government review of tax disclosure laws Icon_minitimeThu Dec 04, 2014 11:50 pm

The Abbott government is considering changing tax disclosure laws after complaints by private business owners that they could be kidnapped and held at ransom when people realise how wealthy they are from their published tax information.

Fears of kidnapping prompt OZschwitz government review of tax disclosure laws Article%20Lead%20-%20wide63830229120hn2image.related.articleLeadwide.729x410.1203px.png1417718793580.jpg-620x349

Under the existing tax transparency laws – which passed under the former Labor government but that Coalition ministers including Treasurer Joe Hockey voted against – Tax Commissioner Chris Jordan would from July begin publishing the tax details of about 1600 public and private companies with $100 million or more annual turnover.

This would include tax information on private companies controlled by billionaire mining magnate Gina Rinehart, and could also expose other wealthy individuals who do not appear on rich lists such as the BRW Rich 200.

Read more: http://www.smh.com.au/business/fears-of-kidnapping-prompt-government-review-of-tax-disclosure-laws-20141204-1203px.html#ixzz3Kznsdp3q
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