Monday, 11 April 2016

Bad timing for company tax cuts

 afr.com:



 "Swan now advocates increasing withholding tax on profits and royalties repatriated overseas. Pat McConnell, a fellow in Macquarie University's Applied Finance Centre, says extending the existing reporting and checking requirements on Australian banks would let ATO better follow overseas money trails. The Australian Signals Directorate and its overseas partners could also gather more electronic information on tax avoidance."



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