Original article by Ben Potter, Joanna Heath
The Australian Financial Review – Page: 1-Dec : 7-Nov-14
The Group of 20 (G20) will soon discuss the global anti-tax avoidance proposals of the OECD. Australia and the US have become cautious about the plans. There are concerns among business figures and some governments that the OECD’s efforts against base erosion and profit shifting by multinationals could have unforeseen effects. For instance Richard Goyder, head of Wesfarmers, warns that measures to curb tax avoidance by multinationals could unintentionally weigh heavily on Australian tax revenue from mining exports to Asia
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WESFARMERS LIMITED – ASX WES, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, GROUP OF TWENTY (G-20), AUSTRALIAN TAXATION OFFICE, GOOGLE INCORPORATED, AMAZON WEB SERVICES LLC, KPMG AUSTRALIA PTY LTD, BHP BILLITON LIMITED – ASX BHP, AUSTRALIA. DEPT OF THE TREASURY, BHP BILLITON LIMITED – ASX BHP, AUSTRALIA. DEPT OF FINANCE, AUSTRALIAN GREENS, AUSTRALIA. FUTURE FUND MANAGEMENT AGENCY, APPLE INCORPORATED, ASX LIMITED – ASX ASX, BUSINESS 20 (B20), AMP LIMITED – ASX AMP, MACQUARIE GROUP LIMITED – ASX MQG, LEND LEASE GROUP LIMITED – ASX LLC, GOODMAN GROUP – ASX GMG