The impact of legislative strategies to constrain corporate tax avoidance by multinational corporations
Published Date: 1 Jul 2024
This article provides evidence of the initial effectiveness of two unilateral strategies legislated by the Australian Government to combat corporate tax avoidance by multinational corporations. The first, typically referred to as the multinational anti-avoidance legislation was successful in that there was an increase in revenues recognised in Australia by foreign multinational corporations after the passage of the legislation. The second, referred to as the diverted profits tax, was also successful in that there was an increase in corporate taxes in Australia for these foreign multinational corporations. Accordingly, these legislative strategies to constrain corporate tax aggressiveness were at least initially successful.
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Details
- Published By: Peter Wells, Mikhail Shashnov, Greg Pazmandy, Brett Govendir, Roman Lanis
- Published On:1 Jul 2024
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