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Labor has released details of its policy to shut down loopholes which allow big multinational companies to send profits overseas: Joint media release of the Leader of the Opposition, Shadow Treasurer and Shadow Assistant Treasurer (2 March 2015).
This package includes:

  • changes to the arrangements for how multinational companies claim tax deductions
  • greater compliance work by the ATO to track down and tackle corporate tax avoidance
  • cracking down on multinational companies using hybrid structures to reduce tax
  • improved transparency and data matching.



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