You pay your fair share of tax, and multinationals should too.
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It’s tax time! You pay your fair share, and multinationals should too.
That’s why we are:
📝 Increasing transparency of multinationals’ tax affairs
📈 Boosting integrity in tax calculations, addressing tax minimisation
🌏 Implementing a global 15 percent minimum tax
Taken together, these changes will raise revenue by around $1 billion.
Assistant Treasury Minister Andrew Leigh MP is leading this charge, and the reforms have now made their way through the Senate Economics Committee.
Our latest report on the global minimum tax was tabled just this afternoon, recommending the Bill be passed.
Because multinational tax integrity and fairness matter to all Australian taxpayers.
The Australian Labor Party acknowledges that Aboriginal and Torres Strait Islander Peoples are the First peoples of Australia. We acknowledge the continued connection that First Nations people have to the lands and waters of Australia. We pay respect to Elders past, present and emerging and commit ourselves to working in partnership with First Nations people.