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News about tax avoidance
  • Tax transparency measures included in Tax Laws Amendment Bill

    Private companies with revenue of $200 million or more will need to disclose their tax affairs while international companies with revenues of $1 billion will need to prepare general purpose financial statements following amendments to the federal government’s Tax Laws Amendment (Combating Multinational Avoidance) Bill 2015.

  • ​Greens slam changes to tax transparency laws

    Greens MP Adam Bandt has lambasted the passing of new laws that ensure tax details of Australian-owned private companies are exempt from public disclosure rules, saying the government has made it easier for these companies to avoid paying their share of tax.