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Federal contractors to disclose tax haven links

Tom McIlroy

Businesses bidding for federal government contracts will have to disclose links to overseas tax havens, as part of a plan by Centre Alliance to establish a public register targeting tax avoidance.

Senate powerbroker Rex Patrick introduced legislation on Tuesday requiring any federal procurement deal worth more than $4 million to be subject to new reporting requirements.

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Tom McIlroy was the Financial Review’s Canberra bureau chief.

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    Original URL: https://www.afr.com/wealth/tax/federal-contractors-to-disclose-tax-haven-links-20191111-p539jf