Shadow Assistant Treasurer Andrew Leigh on Mon 24.11.2014, introduced a Private Member’s Bill in the House of Reps – the Tax Laws Amendment (Tax Transparency) Bill 2014. The Bill seeks to bring forward by one year the publication of data about the tax paid by companies with total income over id=”mce_marker”00m. If the Bill is passed, it would require the ATO to publish information about these companies’ taxable income, total income and tax paid for the 2012-13 financial year onwards [the current legislation provides for the publication of that information for the 2013-14 year onwards].
[LTN 227, 24/11/14]