<
https://www.theguardian.com/australia-news/2023/nov/01/dp-world-port-operator-australia-zero-tax>
"DP World, one of Australia’s two largest port operators, has paid no tax in
Australia despite generating revenue of more than $4.5bn over eight years.
A new report by the Centre for International Corporate Tax Accountability and
Research (Cictar) says that DP World’s top Australian subsidiary may have
“artificially reduced profits” to achieve the result.
The report, by the Cictar principal analyst, Jason Ward, said that DP World is
“another example of why the Australian government, as promised, must legislate
full and complete public country by country reporting for all multinationals
operating in Australia”.
Tax experts are concerned that lobbying by multinationals and fear Australia
could be cut off from the international exchange of tax information if its
regime goes too far could see Labor water down its promise to introduce
country-by-country tax reporting in July 2024."
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
