The leak that is largest of documents ever sold has exposed the taxation secrets of a number of multinational businesses.

The leak that is largest of documents ever sold has exposed the taxation secrets of a number of multinational businesses.

ABC Information: Alex Palmer

The Tax that is australian OfficeATO) has had action against 19 multinational businesses since it unpicks a scheme effective at pressing an incredible number of taxation bucks overseas.

Key points

  • The ATO has brought action against 19 businesses more than a cross-currency interest swap scheme
  • The ATO is searching for the Paradise Papers so that you can analyse the Australian implications
  • The Paradise Papers unveil mining giant Glencore utilized the currency swap scheme

The ATO can be cracking down on high-profile Australian advisory companies as well as a worldwide web of overseas law offices suspected of marketing taxation avoidance schemes through taxation havens.

The ATO investigations have actually started to light within a Four Corners task together with the Global Consortium of Investigative Journalists. Continue reading “The leak that is largest of documents ever sold has exposed the taxation secrets of a number of multinational businesses.”