House debates

Wednesday, 2 August 2023

Questions without Notice

Taxation

2:52 pm

Photo of Kylea TinkKylea Tink (North Sydney, Independent) Share this | Hansard source

My question is to the Treasurer. In this year's budget, individual taxpayers accounted for 48 per cent of total revenue, whilst 30 per cent of large corporations operating in Australia paid no tax at all here. It's estimated that one in every four tax dollars lost to multinational tax avoidance can be prevented by requiring all companies to publish country-by-country data. When will the government shift the burden away from individual taxpayers and place a fairer share on multinationals by introducing public country-by-country reporting?

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