About this inquiry

An inquiry into tax avoidance and aggressive minimisation by corporations registered in Australia and multinational corporations operating in Australia.


Past Public Hearings

14 Mar 2018: Melbourne , VIC
22 Aug 2017: Sydney , NSW
04 Jul 2017: Sydney, NSW

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Inquiry Status

Submissions Closed

Accessibility

If you require any special arrangements to enable you to participate in the Committee's inquiry, please contact the Committee Secretariat.

Further information regarding accessibility can be found at www.aph.gov.au/Help/Accessibility

Terms of Reference

Tax avoidance and aggressive minimisation by corporations registered in Australia and multinational corporations operating in Australia, with specific reference to:

  1. the adequacy of Australia’s current laws;
  2. any need for greater transparency to deter tax avoidance and provide assurance that all companies are complying fully with Australia’s tax laws;
  3. the broader economic impacts of this behaviour, beyond the direct effect on government revenue;
  4. the opportunities to collaborate internationally and/or act unilaterally to address the problem;
  5. the performance and capability of the Australian Taxation Office (ATO) to investigate and launch litigation, in the wake of drastic budget cuts to staffing numbers;
  6. the role and performance of the Australian Securities and Investments Commission in working with corporations and supporting the ATO to protect public revenue;
  7. any relevant recommendations or issues arising from the Government’s White Paper process on the ‘Reform of Australia’s Tax System’; and
  8. any other related matters.

On 1 December 2016, the committee resolved to broaden the scope of the inquiry to include Australia'a offshore oil and gas industry.

The committee has asked to receive submissions on the treatment and/or payment of:

  1. royalties;
  2. the Petroleum Resource Rent Tax (PRRT);
  3. deductions; and
  4. other taxes,

by corporations involved in Australia's offshore oil and gas industry, including matters relating to the collection of these moneys by government.

Committee Secretariat contact:

Senate Standing Committees on Economics
PO Box 6100
Parliament House
Canberra ACT 2600

Phone: +61 2 6277 3540
Fax: +61 2 6277 5719
economics.sen@aph.gov.au

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