Turnbull's moment of truth on tax transparency - Media Release

TURNBULL'S MOMENT OF TRUTH ON TAX TRANSPARENCY

Malcolm Turnbull has the chance to show his true colours today: is his priority tackling multinational profit shifting or helping big companies hide their tax affairs?

The Senate will today vote for a second time on the Government's multinational tax avoidance bill.

Two weeks ago, Labor and the crossbench teamed up to amend the bill to ensure private companies earning more than $100 million have to disclose how much tax they pay.

These amendments are needed because the Government had previously carved these companies out of Australia's tax transparency laws.

Treasurer Scott Morrison has attempted to bully the Senate crossbench into withdrawing these important transparency amendments. Why doesn’t the Treasurer accept that Australians have a right to know which companies aren't paying their fair share?

Instead of setting up a phony showdown with the Senate, Malcolm Turnbull should accept that tax transparency is in Australia's interests and get his Government behind it. It’s time to let the sunlight in.

MEDIA CONTACT: JENNIFER RAYNER 0428 214 856


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