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ABC News: Alex Palmer

The Australian Tax Office (ATO) has had action against 19 international organizations since it unpicks a scheme with the capacity of pressing scores of income tax bucks overseas.

Key points

• The ATO has brought action against 19 businesses more than a cross-currency rate of interest swap scheme
• The ATO is looking for the Paradise Papers to be able to analyse the implications that are australian
• The Paradise Papers unveil mining giant Glencore utilized the money swap scheme

The ATO can be cracking down on high-profile Australian advisory companies as well as a worldwide web of overseas law offices suspected of marketing income tax avoidance schemes through taxation have actuallyns.

The ATO investigations have started to light within a Four Corners task together with the Global Consortium of Investigative Journalists. Read More »