Tax evasion to come under spotlight at G20

TAX evasion on a global scale will be a key issue at this year's G20 meeting in Brisbane, Treasurer Joe Hockey has promised in a speech in Melbourne.

Mr Hockey on Thursday said Australia was already in talks with G20 delegates to ensure action on global tax-base evasion and profit shifting across international borders.

In his address, Mr Hockey said that by the end of this year some "positive global initiatives" would be on the way, including better information sharing on "companies that do not pay a fair level of tax where they earn the income".

The likely agenda item at the coming G20 meeting, hosted by Australia, is part of a wider push to crack down on multi-nationals like Apple and Google, with inquiries here and abroad into their tax-minimisation strategies in recent months.

Mr Hockey said while a tax evasion package was brought in by the previous government, it was "flawed" but with changes, due to be introduced in parliament this month, "we can limit the ability to shift profits out of Australia".

Topics:  g20 joe hockey tax evasion

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Snitz sizzles to win qualifier with ease

IN FULL FLIGHT: Brisbane jockey Robbie Fradd streaks clear to win the $150,000 NRRA Country Championships qualifier on board Snitz, trained by Matt Dunn, at Clarence River Jockey Club.

SHORT priced favourite sends everybody home happy.

Ballina Players brings popular military drama to the stage

ON STAGE: John Rado as Colonel Nathan Jessep and Dylan Wheeler as Lt Daniel Kaffee in the Ballina Players production of A Few Good Men.

Tickets are on sale for their new production of A Few Good Men

Triumph of dreams ... it all started with one bike

A CLASSIC: Meerschaum Vale's Col McAndrew with his Triumph 1956 Speed Twin which he will show at the Northern Rivers Classic Motorcycle Club's Show and Shine at Alstonville Plaza on March 18.

Col has six classic bikes; 100 expected at show

Local Partners