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Corporations to front up on tax evasion: Inquiry

Media Release
Christine Milne 4 Apr 2015

With reports today that 10 companies together channelled more than $30 billion out of Australia in a single financial year, Australian Greens Leader Christine Milne says her Senate Inquiry into corporate tax avoidance couldn't start soon enough.

"It's time to make sure that as a nation we've got the money we need for health, for education and to look after our environment, rather than see these multinational corporations organise themselves to rip off Australia," said Senator Milne.

"I initiated this Senate Inquiry look at the adequacy, compliance and enforcement of Australia's current laws, any need for greater transparency, the broader economic impacts of corporate tax avoidance and any relevant issues arising from the tax white paper that came out last week.

"We've called the big miners, tech companies and accounting firms to front public hearings this coming week: Google, Apple, Glencore, BHP, KPMG. All those and more will be turning up to provide evidence.

"Treasury, the Australian Tax Office and the corporate regulator ASIC will be there too.

"The Greens are very disappointed that the likes of Rupert Murdoch, Adani and the Future Fund have not made themselves available to appear before the inquiry and we do not intend to let them off the hook.

"These are significant players that have serious questions to answer about the tax they pay in Australia. It is in the public interest that they front up," said Senator Milne.

"Both Labor and the government are now talking about the fact that big corporations aren't paying the right amount of tax, but talk is cheap. The Greens want action."

Public hearings are scheduled to take place Wednesday to Friday, April 8, 9 and 10, in Sydney, Canberra and Melbourne. Click here for the detailed schedule and list of witnesses.

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