ATO Deputy Commissioner Mark Konza delivered a speech on the ATO’s response to global tax avoidance to the Committee for Economic Development of Australia on 26 August 2014. Mr Konza said the ATO has “broken new ground by working closely with a number of other countries’ tax administrations to pool our knowledge of the global operations of some multinational enterprises and jointly analyse whether their tax planning complies with existing laws”. He said the ATO saw this type of joint action “as being an integral part of the solution to base erosion and profit shifting – whether or not the international tax laws need to be improved”.
[LTN 168, 1/9/14]