You are here

Australia zooms in on tax avoidance with proposed laws

Canberra taking the lead among G20 with crackdown on MNCs; new laws could come into effect Jan 1

BT_20150512_CPCRACK12_1663540.jpg
"There was a lot of interest from other finance ministers who would like to participate in the work that has gone into this legislation." - Australian Treasurer Joe Hockey

Sydney

THE Australian government announced a world-leading crackdown on Monday on alleged tax avoidance by 30 multinational companies that will likely force them to restructure their businesses before next year.

"These companies are diverting profits earned in Australia away from

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom