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Diverted Profits Tax will prevent profit shifting

Media ReleasesBy Bert van Manen MP 29 March, 2017

Multinational companies will be prevented from shifting profits made in Australia offshore after the Turnbull Government successfully passed a new Diverted Profits Tax in Parliament. The new Diverted Profits Tax will commence on July 1, 2017 and will prevent multinational companies from shifting profits made in Australia offshore to avoid paying tax. Federal Member for…

Crackdown on multinational tax avoidance delivers around $2 billion

Homepage Slider, Media ReleasesBy Bert van Manen MP 14 February, 2017

Around $2 billion in tax is expected to be clawed back this financial year under the Turnbull Government’s crackdown on multinational tax avoidance. Federal Member for Forde Bert van Manen MP said the government was making sure multinational tax dodgers paid their fair share of tax, which helped fund crucial government services. The $2 billion…