Podcast episode 51: Sharing your company's approach to tax - what Australia's proposed mandatory public disclosures will mean

In this episode, KPMG Tax Governance and Transparency Partner Phil Beswick, along with Director Jenny Wong - KPMG's Asia Pacific Lead in ESG Tax – discuss the key features and complexities of Australia's proposed country by country tax reporting rules of February 2024.

In a global economy where multinational groups (MNEs) often operate across multiple jurisdictions, ensuring fair taxation has become a paramount concern for governments worldwide. Australia, like many other countries, is taking significant steps towards enhancing tax transparency through the introduction of public country-by-country (CbC) reporting for MNEs. With the release of revised draft legislation in February 2024, Australia is edging closer to implementing mandatory public disclosures ...

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Authors: Philip Beswick, Jenny Wong

Published Date: 21 March 2024