Public country-by-country reporting draft legislation for multinationals released

Australia joins the growing list of countries around the world proposing mandatory public disclosures of country-by-country tax

On 6 April 2023, the Australian Treasury released Exposure Draft legislation, Public country-by-country reporting, which includes tax transparency measures for multinational entities requiring them to prepare for public release certain tax information on a country-by-country basis and a statement on their approach to taxation. Australia’s new tax transparency measures will significantly enhance the tax information that multinational groups will need to disclose to the public – affecting not ...

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Authors: Jenny Wong, Philip Beswick,

Published Date: 11 April 2023