RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Guilt-pimping government idiots: OZschwitz Senate aims to out tax dodgers with register of offending corporates Sat Aug 15, 2015 9:54 pm | |
| Tax-dodging companies would be named and shamed under landmark transparency measures proposed by a Senate committee investigating multibillion-dollar corporate tax avoidance.
Along with maintaining a name and shame register, the Australian Tax Office would be forced to disclose all tax avoidance settlements above a certain level – likely to be $100 million. Currently, suspect companies are afforded privacy.
And all companies, whether they are domiciled in Australia or high-risk multinational players such as Apple, Google, oil giant Chevron and the bulk of the pharmaceutical industry, would be required to make annual disclosures of the tax paid, their Australian revenues and tax deductions and other government write-offs taken.
Read more: http://www.smh.com.au/federal-politics/political-news/senate-aims-to-out-tax-dodgers-with-register-of-offending-corporates-20150815-gizpdu.html#ixzz3iwH0dQYR |
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