Closing multinational tax loopholes is helping return more money to Australia
By closing international loopholes, and actions by the ATO, more money is being collected from large multinational corporations. As a result, more money is being invested here, benefiting Australian communities and the economy.
Over $1.5 billion since July 2016
Since July 2016, ATO action has collected over $1.5 billion from large multinational corporations.
Diverted Profits Tax
From 1 July 2017, large multinational corporations that move undeclared profits overseas can be penalised with a tax of 40%.
Tax Avoidance Taskforce
The new Taskforce continues to investigate multinational corporations and enforce Australia’s tax laws.
Find out more at
fairtax.gov.au
Authorised by the Australian Government, Capital Hill, Canberra. 5 I INDIAN MIRROR NOV 2017
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