10 Dec 12 Specialist Reference Group: Ways to address tax minimisation of multinational enterprises
In media release No 2012/162, issued 10 December 2012, the Assistant Treasurer and Minister Assisting for Deregulation, David Bradbury, announced the members of the specialist reference group on multinational corporate taxation.
The formation of this group, made up of business representatives, tax professionals, academics and the community sector, is the first step in Treasury's examination of multinational tax minimisation strategies and its risks to the sustainability of Australia's corporate tax base.
"I have asked Treasury, led by Revenue Group head Rob Heferen, to begin work on a scoping paper that will set out the risks to the sustainability of Australia's corporate tax base from multinational tax minimisation strategies and identify potential responses.
The specialist reference group will feed into that process, with Treasury drawing on members' knowledge and expertise," Mr Bradbury said.
The first of several meetings of the reference group will be in February. The Government will release the Treasury scoping paper for public consultation in mid-2013.