Davos, Switzerland | A worldwide shake-up of company tax involving more than 135 countries could reap a global revenue bonanza of up to $US256 billion ($360 billion) a year, an official study shows.
But the findings from the Organisation for Economic Co-operation and Development come with a warning that governments, including Australia, must push ahead with the tax reform plan this year, or risk the international collaboration breaking down.
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Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com
Tom McIlroy is the Financial Review’s Canberra bureau chief based in the press gallery at Parliament House. He was previously the AFR’s political correspondent. Connect with Tom on Twitter. Email Tom at thomas.mcilroy@afr.com
