Significant win for tax transparency
Australia’s tax transparency laws have been significantly strengthened, with the Government supporting Greens amendments to lower the reporting threshold to a turnover of $100 million for Australian private companies.
“This is a massive step forward for tax transparency in Australia,” Greens Treasury and Economic Justice spokesperson Nick McKim said.
“We already know that big corporations are paying too little tax - today’s changes mean we can have a much clearer picture for many more companies.”
“The Australian public has a right to know this information.”