Tag: tax dodging

Labor’s new tax policy shines light on hidden billions

Australia would become a world leader on tackling the tax dodging by multinationals that is robbing Australia and developing countries of billions of dollars that could be used to fight poverty under a Labor promise unveiled tonight, Oxfam Australia said. Oxfam Australia Chief Executive Helen Szoke said an announcement in tonight’s Budget Reply that a […]

Tax promises offer progress on big companies avoiding their fair share

Responding to today’s announcement that a Labor Government would tighten loopholes exploited by multinational companies to avoid paying tax, Oxfam Australia’s tax policy advisor Joy Kyriacou said: “Tightening a range of tax loopholes would be a very welcome move. “Today’s policy announcement by Federal Labor would see loopholes closed across a range of important areas, including […]

Tax changes must be first step in crack down on multinational tax dodging

Commenting in response to the Diverted Profits Tax legislation passed by Federal Parliament last night, Oxfam Australia spokeswoman Joy Kyriacou said: “The passing of the new Diverted Profits Tax (DPT) overnight is a welcome sign of clear action from the Government to crack down on multinational tax avoidance. “Oxfam estimates that each year, ‘offshoring’ of […]

Tax havens stashing billions in Australian corporate tax

More than $4 billion in Australian tax is being shifted by Australian-based multinationals into the world’s 15 worst corporate tax havens each year, depriving public coffers of revenue that could be spent on schools, hospitals and tackling poverty, new Oxfam research has revealed. Oxfam has named the worst tax havens for encouraging multinational corporate tax […]

Australia must follow UK and make country-by-country tax reporting public

Australia must put tough talk into action and follow the United Kingdom’s move to force multinational corporations dodging billions of dollars in taxes to publish country-by-country financial reports, international aid agency Oxfam said today. Oxfam Chief Executive Dr Helen Szoke said the Conservative Government in the UK had last night accepted an amendment to legislation […]

New Panama Papers revelations expose rampant tax dodging in Africa

Responding to the new revelations of the Panama Papers (https://panamapapers.icij.org), Oxfam Australia Chief Executive Dr Helen Szoke said:
“The latest Panama Papers revelations expose rampant tax dodging that is allowing multinational companies to avoid paying their dues, particularly how shadow companies are shifting billions in revenue derived from highly lucrative mining and extractives operations across Africa,” Dr Szoke said.

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