The Hon Chris Bowen MP - Federal Member for McMahon
What's Happening Posted March 02, 2015.
Labor will shut down loopholes which allow big multinational companies to send profits overseas, ensuring they pay their fair share of tax, just like everyone else has to.
Labor’s plan will bring at least $1.9 billion back to Australia in tax from big multinationals over the next four years, according to the Parliamentary Budget Office.
This package includes:
· Changes to the arrangements for how multinational companies claim tax deductions
· Greater compliance work by the ATO to track down and tackle corporate tax avoidance
· Cracking down on multinational!--[endif]-->!--[if>!--[if>!--[if>... Read complete article »