Senate debates Questions without Notice

Taxation


Mitch Fifield

Mitch Fifield Victoria, Liberal Party, Minister for Communications

2:20 pm

Just to complete what I was saying before about the anti-tax avoidance measures the government has taken: we've also aligned Australia's transfer pricing rules with the latest OECD guidelines since July 2016. ATO action has already collected over $1.5 billion from additional liabilities raised against large multinationals. Australia is also continuing its strong international leadership on the G20/OECD Base Erosion and Profit Shifting Project. This government has been extremely active when it comes to ensuring that corporate taxpayers pay what they should.

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