Tag: The Hidden Billions

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 […]

Responding to new data released today by the Australian Tax Office (ATO), Oxfam Australia Chief Executive Dr Helen Szoke said: “The ATO data revealing that 36 per cent of large companies paid no tax at all in the 2014-15 financial year is damning evidence of the need for tougher action on corporate tax avoidance. “While […]