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ATO: Multinationals Not Engaging In Tax Evasion

by Mary Swire, Tax-news.com, Hong Kong

25 April 2017


The Australian Taxation Office (ATO) has said it has "not seen significant evidence of large multinationals involved in tax evasion."

The ATO made the comment in response to a Freedom of Information request by ABC. The broadcaster said that the ATO's letter had confirmed that the Office had not conducted any reviews or reports into tax evasion by multinationals, and is not currently considering measures to deal with the issue.

The ATO told ABC that it does "vigorously examine" the tax affairs of multinationals, and would "pursue these matters through the courts if necessary to uphold the integrity of Australia's tax system."

The ATO added that it has a unit to deal with tax evasion, but that the Serious Financial Crime Taskforce "deals with tax evasion activities."

TAGS: court | compliance | tax | value added tax (VAT) | tax compliance | Australia | tax authority | multinationals | transfer pricing | Tax | Tax Evasion | BEPS

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