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The transparency - Are we entering a new age? presentation

Published on 31 Oct 13 by VICTORIAN DIVISION, THE TAX INSTITUTE

On 4 February 2013, the Assistant Treasurer, David Bradbury, announced a new and somewhat radical initiative for highlighting the identities of multinational corporate groups who pay little tax in Australia. These controversial measures have simultaneously triggered support and opposition from different parts of ourcommunity. This presentation takes a deep dive into the issues that emerged from Bradbury’s initiative, including:

  • where are we at, and what is proposed?
  • global response by governments to BEPS concerns about risk to tax base. 
  • where did this come from and what does it mean for multinational corporations (MNCs)?
  • does the legally correct amount of tax necessarily equal the morally correct amount of tax? If not, what amount should be paid?
  • naming and shaming – the court of public opinion
  • balancing taxpayer privacy against the public interest
  • role of OECD – pronouncements to address changed MNC business environment and platforms
  • G20 announcements and collaboration
  • impact of increased transparency and reporting on how much tax is being paid and where
  • Australian Government response – Treasury SPG working group and mid-year report
  • managing this new environment?– challenges for MNCs.

Author profiles:

Frank DRENTH
Current at 18 January 2012 Click here to expand/collapse more articles by Frank DRENTH.
 
Author Photo - Tony STOLAREK
Tony STOLAREK
Tony is a Partner in the Ernst & Young National Tax Group and has been involved with tax consolidation since its creation emerging from the Ralph RBT. Tony was a member of the Tax Consolidation Joint Design team of Treasury, ATO and professionals, and remains a member of the NTLG Consolidation Subcommittee and various working groups dealing with consolidation practice, emerging law and ATO compliance initiatives for consolidating groups. Tony is a member of the ICAA National Tax Technical Committee and chairs it’s Consolidation Working Group.
Current at 9 February 2009
Click here to expand/collapse more articles by Tony STOLAREK.

 

This was presented at Vic 1st Annual Tax Forum .

Get a 20% discount when you buy all the items from this event.

Individual sessions

Sustainability of our tax system and the case for major reform

Author(s):  Roger BEALE

Materials from this session:

The trust bastion

Author(s):  Graeme HALPERIN

Materials from this session:







Reportable tax positions and active compliance developments

Author(s):  Judy MORRIS

Materials from this session:


Alternative dispute resolution

Author(s):  Terry MURPHY,  Judy SULLIVAN

Materials from this session:

When the tax man comes knocking

Author(s):  Ross BURNS

Materials from this session:

Division 7A - How to fix up a mess

Author(s):  Michael PARKER

Materials from this session:

Evidence: Defending you position

Author(s):  Daniel McINERNEY

Materials from this session:

M&A tax update

Author(s):  Paul ABBEY

Materials from this session:






Transfer pricing - The new landscape

Author(s):  Cameron Smith

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Part IVA - The new framework

Author(s):  Sue WILLIAMSON

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