Thursday, December 10, 2015

#AUSTRALIA: Greens Make Deal With Gov't To Get Tougher Corporate Tax Penalties; Called "Sell-Out Rats" By Labor Pty.

[world politics news]


The Labor Party accused the Greens of being "sell-out rats" for doing a deal with the governing Coalition on a bill to double existing penalties for multinational tax avoidance. The changes will force private Australian companies with revenue of $200 million or more to also publicly disclose their tax information, and multinationals with global revenue of $1 billion or more will have to prepare more detailed financial statements.

Pictured: Green Party Leader Richard Di Natale.

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