The legislation – expected to pass through the Australian Parliament this year – represents the first public country-by-country reporting regime with global reach to be advanced by any major jurisdiction.
New report finds taxpayers lose $427 billion worldwide to individual tax evasion and multinational corporate profit-shifting, undercutting a COVID-19 response.
Small business associations endorse Senate legislation for country-by-country reporting to even the playing field with multinational enterprises.
Investors with $811 billion in assets managed sent a letter to the Senate backing public country-by-country reporting to reduce investor risk in multinational enterprises.
103 nonprofit, civil society, labor, environmental, and civil rights groups underscore the need for country-by-country reporting to address underlying problems exacerbated by the COVID-19 crisis.
Members of the small business community voice their support for the Disclosure of Tax Havens and Offshore Act (H.R. 5933).