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  • ATO statement on corporate tax

    We have released a statement on corporate tax explaining that Australia not only has one of the strongest corporate tax systems in the world, it also has one of the strongest compliance programs as well.

    We want the community to have trust and confidence that we are taking action to ensure that the largest companies pay the right amount of tax on their Australian profits, and that most do so voluntarily.

    We are better equipped than ever to fulfil our commitment to further increasing the level of compliance by large companies with initiatives including:

    • $679.9 million funding over four years for the Tax Avoidance Taskforce
    • introduction of new laws including the Multinational Anti-Avoidance Law (MAAL) and the diverted profits tax
    • Country-by-Country (CbC) reporting.

    Next step:

    See also:

      Last modified: 06 Mar 2018QC 54717