Taking on Tax Avoidance: A Plan to End Tax Avoidance in the Extractive Resources Sector
Tax avoidance by major multinationals is costing Australians billions of dollars every year. But while large multinationals may have become increasingly savvy at minimizing their tax burden within Australia through complicated processes, there are real steps that can be taken to make it more challenging for them to do so.
The report first argues in favour of adopting public Country-by-Country Reporting, which
would require multinationals to disclose all subsidiaries and the jurisdictions they operate in, as well as information about the taxes they have paid – a policy that has been discussed but, so far, not implemented anywhere in the world. A number of other interventions are also discussed
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