Page 4 - Tax Avoidance Taskforce News Today

The global economy is one step closer to a minimum corporate tax of 15 per cent after the Prime Minister and other G20 Leaders endorsed the OECD

The ATO says a new settlement with the medical equipment company will lock in future tax revenue.

The Australian Taxation Office (ATO) welcomes the announcement from medical equipment company ResMed that they have settled their tax dispute for the

The majority of the world’s economies have agreed to setting a minimum corporate tax rate of 15 per cent as governments move to ensure global mega-corporations are paying their “fair share” of tax.

The Morrison Government welcomes the significant progress made overnight towards the implementation of a global tax agreement which will help ensure

Tax administration lessons learned from COVID-19 (and promptly forgotten) By David Hughes|18 February 2021 Although most of us will remember 2020 as a year of enormous disruption and difficulties, it likely represents the zenith of tax administration in Australia, writes David Hughes. Driven by Treasury’s JobKeeper and Cash Flow Boost programmes, the ATO pivoted in a way never seen before in an organisation of over 20,000 employees. In a surprising, but necessary, decision the Commonwealt...

By Justin Hendry on Dec 11, 2020 12:30PM Annual transparency report released. Some of the world’s largest IT companies avoided paying any Australian tax last year, while a number of others paid their largest tax bill in years, according to new tax data. The Australian Taxation Office on Thursday published its sixth annual corporate tax transparency report, which discloses the 2018-19 tax bills of the largest companies operating in the country. It cove...

Advertisement Tech giants Apple, Facebook and Google paid a record $216 million in company tax after raising more than $11 billion in revenue from their Australian customers, new figures show, but the federal budget remains hostage to the profits and taxes of a handful of companies. The Australian Tax Offices annual corporate tax transparency report showed Apple paid $149.3 million in tax in 2018-19, a 23.6 per cent lift on the preceding year. Apple and fellow tech giants Facebook and Google pa...

Date Time Corporate Tax Transparency report shows increase in tax paid The Australian Taxation Office (ATO) continues to lead the world in providing insights into the operation of the corporate tax system with the publication of the sixth annual report on corporate tax transparency. The report covers the tax affairs of the largest companies operating in Australia. Deputy Commissioner Rebecca Saint said the report included tax information from 2,311 corporate entities with a combined total inco...