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Articles on ATO

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With the second and third releases of ATO tax transparency data, the was no reaction from the financial markets at all, not even for those firms included in the disclosures. BEN RUSHTON/AAP

Revealing how much tax companies pay doesn’t move markets or reduce tax avoidance

Mandatory tax return disclosures for large companies were designed to increase public awareness of tax avoidance - but a new study reveals they may not work.
Anyone can use a discretionary trust but the beneficiaries of trusts are usually all part of the one family or extended family. Joel Carrett/AAP

Family trusts often cause more harm than good

Overwhelmingly, trusts are used to minimise tax, avoid paying creditors and to avoid the fair division of property after a relationship breakdown.
If Australia adopted a similar approach to the Hong Kong to eliminate debt loading abuse, United States oil and gas giant Chevron would have been denied A$6.275 billion in interest deductions. Ray Strange/AAP

Chevron is just the start: modelling shows how many billions in revenue the government is missing out on

New modelling shows governments need to ensure that corporations benefiting from the use of Australia’s resources, are contributing the same as they do in other jurisdictions.

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