BEPS plan puts companies in the firing line, say experts

edward222 · Oct 7, 2015

Credit to: Tax News : Big U.S. BEPS plan puts companies in the firing line, say experts

Business Council of Australia chief executive Jennifer Westacott said it was important Australia did not act alone on global tax issues. Any changes needed to avoid unduly deterring investment, reducing our competitiveness or creating unnecessarily complex tax arrangements, Ms Westacott said.

Grant Thorntons global leader for tax services Francesca Lagerberg said as long as businesses operated within regulatory boundaries, they still had a responsibility to their investors to keep costs down, and this includes tax.

Increased scrutiny from politicians, including the recent Senate inquiry into corporate tax avoidance, which hauled before it a number of big companies such as Apple, Google and Microsoft, had shifted the public debate to one where companies were morally expected to pay more, Ms Lagerberg said.
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BEPS plan puts companies in the firing line, say experts

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