ABC News: Alex Palmer
The Australian Tax Office (ATO) has had action against 19 multinational companies since it unpicks a scheme effective at pushing an incredible number of taxation bucks overseas.
- The ATO has brought action against 19 organizations more than a cross-currency rate of interest swap scheme
- The ATO is looking 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 also be breaking down on high-profile Australian advisory businesses and a worldwide internet of overseas law offices suspected of marketing income tax avoidance schemes through taxation have actuallyns.
The ATO investigations have started to light during a Four Corners project together with the Overseas Consortium of Investigative Journalists.
The biggest drip of papers ever sold has exposed the taxation secrets of a number of big international organizations.
The Paradise Papers leak has uncovered private e-mails, board minutes and tax-structuring plans originating from worldwide law that is offshore Appleby, Singaporean company Asiaciti Trust and 19 business registries in income tax havens, acquired by German newsprint Suddeutsche Zeitung. Continue reading