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Showing 1 - 10 of 11 results for "Tax transparency"

Large Australian corporations pay record tax: ATO

ANDREW MCKEAN  |  THURSDAY, 9 NOV 2023
... income tax by large corporations for the 2021-22 financial year. According to the ATO's ninth annual Corporate Tax Transparency (CTT) report, the income tax payments from 2713 entities climbed 22% from the previous year, and almost 50% higher than two ...

Government cracks the whip on multinationals

ANDREW MCKEAN  |  MONDAY, 26 JUN 2023
... Bill to tackle corporate tax avoidance, particularly among multinational enterprises. The bill mandates enhanced tax transparency for multinational corporations operating within Australia, making it more difficult for them to avoid paying their "fair ...

Government strengthens multinationals tax laws

CASSANDRA BALDINI  |  MONDAY, 8 AUG 2022
... payments relating to intangibles and royalties that lead to insufficient tax paid. As well as ensure enhanced tax transparency by MNEs, through measures such as public reporting of certain tax information on a country-by-country basis; mandatory reporting ...

Channel Capital adds Cayman director

KANIKA SOOD  |  THURSDAY, 24 JUN 2021
... centres. It will also ensure ongoing compliance with regulatory obligations including anti-money laundering and tax transparency, the firm said. It says the Cayman Islands is the most popular jurisdiction for hedge, private equity and infrastructure ...

Channel Capital expands overseas

KANIKA SOOD  |  WEDNESDAY, 24 FEB 2021
... centres. It will also ensure ongoing compliance with regulatory obligations including anti-money laundering and tax transparency, the firm said. Cook, who is an Australian, has been based in the Cayman Islands since 2005. He is a qualified chartered ...

Financial services' biggest tax bills revealed

ANNABELLE DICKSON  |  FRIDAY, 11 DEC 2020
... pay in taxes? The Australian Taxation Office has released the latest numbers. The ATO's latest Corporate Tax Transparency report found AMP Limited as the financial institution outside the big four banks with the highest tax bill $727 million in 2018/19. ...

Australia's wealth gap deepens: Oxfam

KARREN VERGARA  |  TUESDAY, 23 JAN 2018
... would be achieved. As for the Federal Government, Szoke urged to end corporate tax cuts and introduce tougher tax transparency laws that require companies to publicly report on income, profits and taxes for every country in which they operate. Oxfam ...

Financial services among top taxpayers

DARREN SNYDER  |  FRIDAY, 18 DEC 2015
... more than 30% of company tax payments. The Australian Tax Office (ATO) released the first round of its corporate tax transparency data yesterday, publishing the tax details of about 1500 large corporate taxpayers. Next year the tax details of about 300 ...

Australia and Switzerland agree tax crackdown

MARK SMITH  |  WEDNESDAY, 4 MAR 2015
... topic after it came to light that HSBC was helping clients hide funds in Swiss accounts. "Supporting greater tax transparency and information exchange is a key way to crack down on those who deliberately try to avoid paying their fair share of tax," ...

ATO issues warning ahead of tax haven crackdown

STAFF WRITER  |  FRIDAY, 28 MAR 2014
... countries has increased significantly with banking data exchanged automatically and the G20 promoting global tax transparency. This initiative does not change the compliance action being undertaken on an ongoing and consistent basis. "These actions ...
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