• Home
  • /
  • Posts
  • /
  • News
  • /
  • ATO says multinationals disputing billions in tax bills amid crackdown on profit shifting

ATO says multinationals disputing billions in tax bills amid crackdown on profit shifting

Australian companies across the mining, oil and gas, e-commerce and pharmaceutical industries are disputing billions of dollars in tax bills raised under tougher laws aimed at fighting multinational profit shifting, the Australian Taxation Office (ATO) says.

by | Dec 23, 2019

Trustee behaviour in focus as ATO wins in Administrative Appeals Tribunal

The ATO said 142 companies had assessments raised against them during the 2019 financial year, to the value of $1.9 billion.

Read more at the ABC

Share This