Global tax avoiders could end up on public shame file
MASSIVE global companies that are avoiding tax could be named on a public register, under a Senate committee proposal expected to be released this week.
The Senate Economics Committee has been examining the tax affairs of firms including Apple, Pfizer and Google, in a bid to return more tax incurred on Australian sales to taxpayers.
A report on the committee's findings is expected to be released this week, which committee member Senator Nick Xenophon has said could provide a framework for tackling global tax avoidance.
Chairman Senator Sam Dastyari told Fairfax Media it was time to "name and shame our worst tax dodgers".
However the committee's full report cannot be released until it was tabled in parliament later this week.
Sen Xenophon said he could not comment on the details, but said the committee was recommending changes that could help crackdown on corporate tax avoiders. It is understood the government considered the findings at the weekend.
- APN NEWSDESK