Mandatory disclosure of tax bills closer as OECD pimps extortion plan

Australia is one of 31 countries to sign an agreement in Paris to confidentially share tax information on multinational companies in a bid to stamp out tax avoidance.

Mandatory disclosure of tax bills closer as OECD pimps extortion plan 1453956910033

Mandatory disclosure of tax bills closer as OECD pimps extortion plan 1453956910033

The deal comes as Apple has taken advantage of accounting rules in its local business that could allow it to pay virtually no tax in Australia on its profits this year.

On Wednesday night, the Organisation for Economic Cooperation and Development announced 31 countries including Australia have signed the agreement, which has been described as a "game changer" in helping expose multinational tax avoiders.

Read more: http://www.smh.com.au/business/mandatory-disclosure-of-tax-bills-closer-as-australia-joins-oecd-push-20160127-gmflvw.html#ixzz3yWjJnPbd

Mandatory disclosure of tax bills closer as OECD pimps extortion plan

Mandatory disclosure of tax bills closer as OECD pimps extortion plan

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