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Australians Back Tax Avoidance Crackdown

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

31 October 2013


82 percent of Australians "strongly support" the introduction of regulations that would ensure the greater transparency of corporate profits and taxation payments, according to the results of a new survey.

Charity ActionAid quizzed 1,002 Australians at the start of this month on their attitudes towards corporate tax avoidance. 92 percent said that it is unacceptable that a foreign corporation should be able to operate in a country and pay no taxes there. 85 percent agreed that multinationals have a moral responsibility to pay their fair share of taxes in the developing countries in which they operate.

Roughly one in four (24 percent) consider tax avoidance to be a negative practice, describing it as "cheating" or "dodging." On the other hand, a pro-business sentiment was expressed by 51 percent of those questioned – this group largely concluded that, when legal, tax avoidance is "good business practice." 59 percent believe that the phrase "tax minimization" best describes corporate tax activities.

ActionAid claims that the survey demonstrates that Australian Prime Minister Tony Abbott has a clear mandate to crack down on tax avoidance when he takes over the presidency of the G20 in December.

TAGS: compliance | tax | business | tax compliance | tax avoidance | Australia | multinationals | tax planning | G20 | regulation

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