![]() Labor Assistant Treasurer Andrew Leigh last week put forward a private members bill to move forward the publication date of tax information by one year, meaning taxes paid in financial year 2012-13 would be outed immediately. While the OECD is against publishing tax information publicly, some European countries require certain companies to make their tax information public. Kidnappers hold eight rich kids for ransom in this. The tax laws would not have an impact on United States technology companies such as Apple and Google, which have copped the bulk of criticism against multinationals who profit shift, as they are headquartered outside Australia. Drunk driving, violence, in teen-survival action movie.a bloodless 80s throwback that never really goes anywhere. Nevertheless companies would now be forced to be more transparent, he said.Īt present only two Australian companies, miners Rio Tinto and BHP Billiton, voluntarily publish reports about how much tax they pay in Australia and around the world. "An Australian listed company may not have paid tax because it did not make profits," Mr Watkins said. ![]() "The conversation has moved from, 'should we report', to 'what form should it take'," he said.ĭeloitte tax partner David Watkins said the big-four accounting firms were assisting the leaders of publicly listed companies and their public relations teams on how to present a more accurate picture of taxes paid, before what would be publicly published. Mr Williams said that was why chief executives of publicly listed companies were now having boardroom discussions about how to voluntarily present "in straightforward language" an accurate picture of their tax affairs to the public.
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