Tag: tax avoidance

Tax cuts for big business should be buried for good

Responding to reports that the Federal Government has deferred its plans for corporate tax cuts, Oxfam Australia Chief Executive Dr Helen Szoke said: “The proposed $65 billion hand-out to big business will only fuel a global race to the bottom on corporate tax rates and undermine attempts to tackle inequality and poverty, both in Australia […]

ATO reveals large companies’ tax rort

Responding to the release of figures by the Australian Taxation Office that reveal the extent of tax avoidance by large Australian-based companies, Oxfam Australia’s Economic Policy Advisor Joy Kyriacou said: “The Australian Taxation Office has confirmed that multinationals avoided paying an estimated $2.5 billion into the public coffers in the 2014-15 financial year – money […]

Making tax vanish in Australia: Oxfam report

Oxfam research that has prompted a global multinational company to publicly back the push for tougher tax laws has again exposed the broken tax system robbing Australia and poor countries of billions, Oxfam Australia said today. The Oxfam research, published today, examines restructures by multinational RB that appear to have allowed the company to avoid […]

Tax promises offer progress on big companies avoiding their fair share

Responding to today’s announcement that a Labor Government would tighten loopholes exploited by multinational companies to avoid paying tax, Oxfam Australia’s tax policy advisor Joy Kyriacou said: “Tightening a range of tax loopholes would be a very welcome move. “Today’s policy announcement by Federal Labor would see loopholes closed across a range of important areas, including […]

Tax changes must be first step in crack down on multinational tax dodging

Commenting in response to the Diverted Profits Tax legislation passed by Federal Parliament last night, Oxfam Australia spokeswoman Joy Kyriacou said: “The passing of the new Diverted Profits Tax (DPT) overnight is a welcome sign of clear action from the Government to crack down on multinational tax avoidance. “Oxfam estimates that each year, ‘offshoring’ of […]

Record number of new billionaires a sign of extreme inequality, Oxfam says

Responding to reports that the 2017 Forbes’ billionaires list reveals a record 233 new billionaires, Oxfam Australia’s Head of Public Policy and Advocacy Rachel Ball said: “Once again we are seeing another shocking statistic emerge, highlighting inequality occurring on a scale the likes of which we’ve not seen before. “Earlier this year Oxfam revealed just […]

Tax havens stashing billions in Australian corporate tax

More than $4 billion in Australian tax is being shifted by Australian-based multinationals into the world’s 15 worst corporate tax havens each year, depriving public coffers of revenue that could be spent on schools, hospitals and tackling poverty, new Oxfam research has revealed. Oxfam has named the worst tax havens for encouraging multinational corporate tax […]

Australia must follow UK and make country-by-country tax reporting public

Australia must put tough talk into action and follow the United Kingdom’s move to force multinational corporations dodging billions of dollars in taxes to publish country-by-country financial reports, international aid agency Oxfam said today. Oxfam Chief Executive Dr Helen Szoke said the Conservative Government in the UK had last night accepted an amendment to legislation […]

MEDIA COMMENT: ATO ‘week of action’ welcome but more work needed to lift veil of tax secrecy

Responding to the Australian Tax Office Commissioner statement regarding a ‘week of action’ following the Panama Papers leaks, Oxfam Australia Chief Executive Dr Helen Szoke said:
“Oxfam welcomes the strong and swift action by the Australian Tax Office (ATO) on multinational tax avoidance, though more needs to be done by the Government on tax transparency.

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