‘Name and shame’ global firms avoiding Australian taxes: report

Getting stricter: Australia's crackdown on multinational firms is the latest in a global trend, with Britain in March introducing an alleged

SYDNEY: Multinational firms shifting profits offshore to avoiding paying Australian taxes should be “named and shamed”, the chair of an Australian parliamentary inquiry into the practices said ahead of the release of a report. 

The inquiry has grilled senior representatives from some of the world’s biggest firms in the technology, pharmaceutical and mining sectors on whether they were using complex corporate structures to reduce their tax burden.