New KPMG study – The Australian tax transparency terrain

With the Australian legislation introducing new mandatory public tax transparency reporting having passed Federal Parliament, organisations will need to consider appropriate actions to respond to the new requirements, as outlined by Phil Beswick, Alia Lum, Tim Keeling, Sean Madden and Katryne Chia.

Some two-hundred-plus organisations currently voluntarily publish tax transparency reports. Under the new mandatory public tax transparency reporting, by some estimates, over 2,500 organisations will need to comply. That is clearly a significant increase in number, and for those groups not already undertaking tax transparency reporting a delta exists between what is currently been reported and meeting the new requirements. See related article: Australian public country-by-country reporting...

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Authors: Philip Beswick, Alia Lum,

Published Date: 18 December 2024