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As part of its election pitch to fight multinational tax avoidance, Labor announces plans to tighten legal loopholes that allow big companies to shift profits offshore, as well as to introduce steps to increase transparency.
Various measures will see an overhaul of several tax management systems.
The Australian Taxation Office (ATO) has published its seventh annual Corporate tax transparency report which analyses the 2019-20 tax returns of some…
The ATO says a higher level of scrutiny has seen significant improvement with tax compliance among large corporations, with Australia’s biggest corporations paying more than $57.2 billion tax in the last financial year.
The Australian Taxation Office’s (ATO’s) publication of the seventh annual report on corporate tax transparency showcases the trend towards improved