Multinational companies do not publicly report on where they are making their money or what taxes they are paying to whom. Investors, policymakers, and citizens have no idea exactly how they are gaming the system—what they tell us versus what they tell other countries. They should have to write it down in one place and report it on a country-by-country basis, so that the public, policymakers, and shareholders can see what they are really paying.
RSVP now for the launch of FACT’s new report on tax subsidies for U.S. multinational oil and gas companies, and catch up on all the latest from FACT and our members and allies in the latest edition of Just the FACTs.
Read FACT’s letter to Treasury Secretary Scott Bessent emphasizing the usefulness of Australia’s new public country-by-country reporting regime to investors and other stakeholders.
International Tax Review covered FACT’s letter to the US Treasury defending Australia’s public country-by-country reporting regime.
“The Australian rules are much stronger than the EU. The EU rules are better than nothing, but the Australian regime requires more robust information, such as tangible asset disclosures. It also covers a much better list of jurisdictions, including those commonly thought to be tax havens.”
Read FACT’s official comments to the Australian government on the implementation of Australia’s world-leading public country-by-country reporting regime.
Read FACT’s comments to the UN Tax Committee calling for the Committee to prioritize greater multinational tax transparency in the form of public country-by-country reporting.
New country-by-country reporting requirements for major multinationals doing business in Australia represent massive breakthrough for global tax transparency, and Treasury appeals misguided nationwide injunction against enforcement of the Corporate Transparency Act.
