TAX EVASION

Global tax avoidance operation nets $5.2b

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Original article by Tom McIlroy
The Australian Financial Review – Page: 9 : 10-Nov-21

The Tax Inspectors Without Borders program has collected $US3.9bn ($5.2bn) globally in its crackdown on tax evasion and avoidance. This includes nearly $US1bn ($1.35bn) in tax revenue in Africa and almost $US300m ($405m) across Asia. The joint initiative of the OECD and the United Nations is focused on tax avoidance in developing countries. The Australian Taxation Office’s own tax avoidance task force raised $3.03bn in tax liabilities and almost $1.3bn in cash collections in 2020-21, while it is estimated that the introduction of a global 15 per cent minimum company tax rate could boost Australia’s tax revenue by up to $3bn a year.

CORPORATES
ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, UNITED NATIONS, AUSTRALIAN TAXATION OFFICE

ATO leads global attack on Panama tax haven

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Original article by Neil Chenoweth
The Australian Financial Review – Page: 1 & 9 : 13-Apr-16

The Australian Taxation Office’s Mark Konza will chair a meeting of international tax officials in Paris. The meeting has been convened by Australia’s Tax Commissioner, Chris Jordan, in response to the leaking of the tax haven documents of Panama law firm Mossack Fonseca. Jordan will propose establishing a global investigation into tax evasion which would involve tax experts from 28 nations. The leaked documents include the names of about 800 Australians.

CORPORATES
AUSTRALIAN TAXATION OFFICE, MOSSACK FONSECA, INTERNATIONAL CONSORTIUM OF INVESTIGATIVE JOURNALISTS, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, JOINT INTERNATIONAL TAX SHELTER INFORMATION AND COLLABORATION NETWORK, AUSTRALIAN CRIME COMMISSION, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, AUSTRALIA. ATTORNEY-GENERAL’S DEPT. AUSTRALIAN TRANSACTION REPORTS AND ANALYSIS CENTRE

PwC chairman punches hole in G20 tax agenda

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Original article by Agnes King
The Australian Financial Review – Page: 5 : 16-Jul-14

It is futile for Australian Prime Minister Tony Abbott to pursue the policy of preventing multinational corporations from shifting profits between tax jurisdictions. Dennis Nally, global chairman of PricewaterhouseCoopers, says resistance to a global tax treaty, in the US in particular, is strong enough to defeat the OECD proposal. Governments have different tax and economic policies and it is impossible to harmonise them

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, GROUP OF TWENTY (G-20), PRICEWATERHOUSECOOPERS