Australia’s tax transparency laws have been significantly strengthened, with the Government supporting Greens amendments to lower the reporting threshold to a turnover of $100 million for Australian private companies.
“This is a massive step forward for tax transparency in Australia,” Greens Treasury and Economic Justice spokesperson Nick McKim said.
“We already know that big corporations are paying too little tax - today’s changes mean we can have a much clearer picture for many more companies.”
“The Australian public has a right to know this information.”
“Corporate tax transparency is critical for applying political pressure to make sure the big corporations pay their fair share of tax.”
“This shows what the Greens can achieve in balance of power, and what Labor and the Greens can do when we work together.”