Financial Times: Australia raises pressure on multinationals with strict tax disclosure law

The Financial Times reports that: ‘Australia has approved one of the world’s strictest tax disclosure laws for multinational companies, forcing them to reveal details of their finances in dozens of jurisdictions, while also achieving a breakthrough in passing legislation to reform its central bank’

“Australia is pushing the envelope further than anyone else,” said Jason Ward, principal analyst at the Centre for International Corporate Accountability and Research.

For more details, and to find pit more about the role of CICTAR, Tax Justice Australia, PSI, trade unions and civil society allies in achieving this breakthrough, see our blog, here