Labor flags bigger tax promoter penalties, as ATO faces court battle over Paradise Papers leaks

Updated

October 11, 2018 15:46:35

Labor Member for Fraser Andrew Leigh being interviewed at Senate doors.
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Labor’s Andrew Leigh wants to double the financial penalties for tax promoters. (ABC News)

Labor is putting forward a proposal to increase the penalties for tax avoidance scheme promoters, as the Australian Taxation Office faces legal battles over its latest crackdown on multinationals.

Speaking later today at the Melbourne Institute Conference, shadow assistant treasurer Andrew Leigh will announce a planned doubling of penalties for those promoting tax avoidance

... read more at: https://www.abc.net.au/news/2018-10-11/ato-powers-review-as-glencore-heads-to-court/10359140

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