Business whacked by multinational tax crackdown
Labor’s latest changes to multinational tax laws risk requiring business to restructure ordinary transactions such as the aquisition of trading stock, a key corporate lobby group says, slamming poor consultation and confusion.
Set to be debated in the Senate this week, the legislation will amend the Corporations Act to require Australian public companies to disclose information about their subsidiaries in annual financial reports, using a so-called consolidated entity disclosure statement.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Federal
Fetching latest articles