New minimum tax laws could fast track reporting
Tom McIlroyPolitical correspondent
Multinationals and some of Australia’s biggest businesses could be forced to beef up financial reporting to authorities if a new corporate minimum tax rate is passed by parliament before July 1.
Treasurer Jim Chalmers has released draft legislation for the new tax floor, a key element of a rewrite of international rules being led by the Organisation for Economic Co-operation and Development.
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Tom McIlroy is the Financial Review's political correspondent, reporting from the federal press gallery at Parliament House. Connect with Tom on Twitter. Email Tom at thomas.mcilroy@afr.com
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