Footnotes

Footnotes

Chapter 1 - Background to the inquiry

[1]        Journals of the Senate, No. 118, 17 September 2015, p. 3146.

[2]        Explanatory Memorandum, p. 7.

[3]        Explanatory Memorandum, pp. 7–8.

[4]        Explanatory Memorandum, p. 9.

[5]        Explanatory Memorandum, p. 10.

[6]        Explanatory Memorandum, p. 13.

[7]        Ministerial Statement on G20-OECD Tax and Transparency, Speech 14-2014, 4 September 2014, http://jbh.ministers.treasury.gov.au/speech/014-2014/ (accessed 12 October 2015).

[8]        Explanatory Memorandum, p. 13.

[9]        Explanatory Memorandum, p. 14.

[10]      Explanatory Memorandum, p. 14.

[11]      Explanatory Memorandum, p. 15.

[12]      Explanatory Memorandum, p. 15.

[13]      Explanatory Memorandum, pp. 15‑16.

[14]      Explanatory Memorandum, p. 16.

[15]      Explanatory Memorandum, p. 17.

[16]      Explanatory Memorandum, p. 17.

[17]      Explanatory Memorandum, pp. 18‑19.

[18]      Explanatory Memorandum, pp. 19‑20.

[19]      Explanatory Memorandum, p. 20.

[20]      Explanatory Memorandum, p. 23.

[21]      Explanatory Memorandum, p. 24.

[22]      Explanatory Memorandum, p. 24.

[23]      Explanatory Memorandum, pp. 26–27.

[24]      Explanatory Memorandum, pp. 29–31.

[25]      Explanatory Memorandum, pp. 32 and 35.

[26]      Explanatory Memorandum, pp. 36–39.

[27]      Explanatory Memorandum, p. 25.

[28]      Explanatory Memorandum, p. 25.

[29]      Explanatory Memorandum, p. 53.

[30]      Explanatory Memorandum, pp. 54–55.

[31]      Explanatory Memorandum, p. 56.

[32]      Explanatory Memorandum, p. 54.

[33]      Explanatory Memorandum, p. 59.

[34]      Explanatory Memorandum, p. 60

[35]      Explanatory Memorandum, p. 63.

[36]      Explanatory Memorandum, p. 60.

[37]      Explanatory Memorandum, p. 61.

[38]      Explanatory Memorandum, p. 62.

[39]      Explanatory Memorandum, p. 62.

[40]      Explanatory Memorandum, p. 61.

[41]      Budget 2015: Fairness in Tax and Benefits, pp. 7–8.

[42]      Treasury, Tax Integrity: Multinational Anti‑avoidance Law, http://www.treasury.gov.au/ ConsultationsandReviews/Consultations/2015/Tax-Integrity-Law (accessed 15 October 2015).

[43]      Treasury, Multinational tax avoidance - Country-by-Country reporting and stronger penalties, http://www.treasury.gov.au/ConsultationsandReviews/ Consultations/2015/Multinational-tax-avoidance (accessed 15 October 2015).

[44]      Explanatory Memorandum, p. 89.

Chapter 2 - General concerns with the bill

[1]        See, for example, Greenpeace Australia Pacific, Submission 2; CPSU, Submission 4; and, Tax Justice Network Australia, Submission 10.

[2]        Submission 10, p. [10].

[3]        Submission 9, p. 6.

[4]        Submission 4, p. [2].

[5]        Submission 10, p. 1.

[6]        Submission 2, p. [7].

[7]        See, for example, Australian Financial Markets Association, Submission 6; KPMG, Submission 3; Law Council of Australia, Submission 14; and, GSK, Submission 11.

[8]        Submission 12, p. 1.

[9]        Submission 3, p. 1.

[10]      Mr Chris Jordan, Australian Taxation Office, Proof Committee Hansard, Senate Economics Legislation Committee Supplementary Estimates 2015–16, p. 41.

[11]      Submission 6, p. 2.

[12]      Submission 4, p. [3].

[13]      The Hon. Scott Morrison MP, OECD report supports Australian Government action on multinational tax avoidance, Media Release, 6 October 2015, http://sjm.ministers.treasury .gov.au/media-release/003-2015/ (accessed 19 October 2015).

[14]      Submission 5, p. 4.

[15]      Submission 12, p. 4.

[16]      Explanatory Memorandum, p. 93.

[17]      Submission 7, p. 6.

[18]      Submission 3, pp. [3-4].

[19]      Senate Economics References Committee Hansard, 22 April 2015, p. 2.

[20]      See, for example, KPMG, Submission 3; and, Chartered Accountants Australia and New Zealand, Submission 16.

[21]      Submission 3, p. 2.

[22]      Submission 16, p. [3].

[23]      Senate Economics References Committee Hansard, 9 April 2015, p. 18.

Chapter 3 - Views on specific schedules

[1]        See CPSU, Submission 4; Greenpeace Australia Pacific, Submission 2;

[2]        Submission 10, p. 1.

[3]        Submission 2, p. [3].

[4]        OECD/G20 Base Erosion and Profit Shifting Project, Action 13: Guidance on the Implementation of Transfer Pricing Documentation and Country-by-Country Reporting, 2015.

[5]        Submission 12, p. 4.

[6]        Submission 3, p. 3.

[7]        Submission 3, p. 3.

[8]        Submission 11, p. [2].

[9]        The Hon. Joe Hockey, House of Representatives Hansard, 16 September 2015, p. 10324.

[10]      Mr Chris Jordan, Australian Taxation Office, Proof Committee Hansard, Senate Economics Legislation Committee Supplementary Estimates 2015‑16, p. 39.

[11]      Submission 6, p. 3.

[12]      Mr Chris Jordan, Australian Taxation Office, Proof Committee Hansard, Senate Economics Legislation Committee Supplementary Estimates 2015‑16, p. 40.

[13]      Submission 13, p. 2

[14]      Submission 5, p. 3

[15]      Submission 6, p. 3.

[16]      Mr Rob Heferen, Department of the Treasury, Proof Committee Hansard, Senate Economics Legislation Committee Supplementary Estimates 2015‑16, p. 39.

[17]      See, for example, KPMG, Submission 3; and, The Tax Institute, Submission 12.

[18]      Mr Rob Heferen, Department of the Treasury, Proof Committee Hansard, Senate Economics Legislation Committee Supplementary Estimates 2015‑16, p. 39.

[19]      Submission 3, pp. 4–5.

[20]      Submission 6, p. 3.

[21]      Submission 3, p. 5.

[22]      Submission 4, p. [2].

[23]      Submission 5, pp. 4–5.

[24]      Submission 14, p. 3.

[25]      Submission 12, p. 4

[26]      Submission 15, p. 3.

[27]      Submission 5, p. 6

[28]      The Hon. Joe Hockey MP, Second Reading Speech, House of Representatives Hansard, 16 September 2015, p. 10324.

[29]      Submission 11, p. [2].

[30]      Submission 14, p. 5.

[31]      Submission 16, p. [3].

[32]      See, for example, Chartered Accountants Australia and New Zealand, Submission ?; The Tax Institute, Submission 11; and, Deloitte, Submission 8;

[33]      See, for example, Shell Australia, Submission 15; and, Deloitte, Submission 3.

[34]      Submission 8, p. 2.

[35]      Submission 12, p. 5.

[36]      Submission 3, p. 3.

[37]      Submission 12, p. 5.

[38]      Submission 11, p. [2].

[39]      Submission 13, p. 5

[40]      See, for example, Greenpeace Australia Pacific, Submission 2; and, Tax Justice Network Australia, Submission 10.

[41]      Submission 10, pp. 2–4.

[42]      Submission 16, p. [4].