The Financial Accountability and Corporate Transparency Coalition is quoted by OCCRP:

“If the proposal is enacted into law through legislation – as seems likely, given Australia’s parliamentary makeup – Australia will become the first country to require a wide range of MNEs (multinational enterprises), including some headquartered in the United States, to report key tax and operating information  that is fully disaggregated on a country-by-country basis,” the FACT Coalition said in a recent news letter.

FACT said that along with other international tax transparency organizations, it has found that public country-by-country reporting may work to counter the most aggressive tax-dodging practices employed by large multinational enterprises across the globe.

The full, original article is accessible on OCCRP’s website here.