Second Reading Speeches

Tax Laws Amendment (Tougher Penalties for Country-by-Country Reporting) Bill 2016

Type
Private
Sponsor(s)
LEIGH, Andrew, MP
Originating house
House of Representatives
Status
Not Proceeding
Parliament no
44

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Summary

Amends the

Income Tax Assessment Act 1997
and
Taxation Administration Act 1953
to introduce a penalty regime for significant global entities who fail to meet their country-by-country reporting obligations.

We acknowledge the traditional owners and custodians of country throughout Australia and acknowledge their continuing connection to land, waters and community. We pay our respects to the people, the cultures and the elders past, present and emerging.

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