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ATO says multinationals disputing billions in tax bills amid crackdown on profit shifting

Australian companies across the mining, oil and gas, e-commerce and pharmaceutical industries are disputing billions of dollars in tax bills raised under tougher laws aimed at fighting multinational profit shifting, the Australian Taxation Office (ATO) says.

ATO says multinationals disputing billions in tax bills amid crackdown on profit shifting
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ATO says multinationals disputing billions in tax bills amid crackdown on profit shifting

The ATO said 142 companies had assessments raised against them during the 2019 financial year, to the value of $1.9 billion.

Read more at the ABC

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