Original article by Ben Butler
The Australian – Page: 19 : 11-Oct-17

The Australian Taxation Office estimates that the corporate "tax gap" averaged 5.8 per cent between 2008-09 and 2014-15. The ATO hopes to reduce corporate tax underpayments to about $A2.5bn, and deputy commissioner Jeremy Hirschhorn notes that transfer pricing is a significant contributor to the tax gap. He notes that a number of measures have been implemented in recent years to ensure that companies meet their tax liabilities, including the diverted profits tax and the Multinational Anti-Avoidance Law.

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