Multinationals including Nestlé and Roche push back against scope of Australia’s planned tax transparency laws

Tue, 25 Jul 2023 04:59:02 +1000

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://www.theguardian.com/australia-news/2023/jun/29/multinationals-including-nestle-and-roche-push-back-against-scope-of-australias-planned-tax-transparency-laws>

"Government plans to bolster tax disclosures were never going to win widespread
support from the international business community.

But the response of one group stands out as particularly combative.

SwissHoldings, representing 62 Swiss-based multinationals including the food
giant Nestlé and the pharmaceutical company Roche, has questioned how Australia
could force international companies to comply with its proposed tax laws.

And, if Australia can, the Swiss group implied its members may rethink their
local operations."

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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