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The biggest drip of papers of all time has exposed the tax secrets of a number of international businesses.

December 11th, 2019

ABC Information: Alex Palmer

The Tax that is australian OfficeATO) has had action against 19 multinational businesses since it unpicks a scheme with the capacity of pressing scores of income tax dollars overseas.

Key points

  • The ATO has had action against 19 businesses over a cross-currency rate of interest swap scheme
  • The ATO is searching for the Paradise Papers to be able to analyse the implications that are australian
  • The Paradise Papers unveil mining giant Glencore utilized the money swap scheme

The ATO can be breaking down on high-profile Australian advisory companies plus a worldwide internet of offshore attorneys suspected of marketing taxation avoidance schemes through taxation have actuallyns.

The ATO investigations have actually started to light during a Four Corners task together with the Overseas Consortium of Investigative Journalists.

The biggest drip of papers of all time has exposed the income tax secrets of a number of big international businesses. » Read more: The biggest drip of papers of all time has exposed the tax secrets of a number of international businesses.