ATO chief identified tax 'abuse' by multinationals before Joe Hockey backed away from reform pledge

By Heath Aston and Georgia Wilkins
Updated December 18 2014 - 4:13pm, first published 8:16am
Tax Commissioner Chris Jordan has said that a tax lurk for multinational companies has been abused by foreign companies to a cost of hundreds of millions of dollars a year. Photo: Bohdan Warchomij
Tax Commissioner Chris Jordan has said that a tax lurk for multinational companies has been abused by foreign companies to a cost of hundreds of millions of dollars a year. Photo: Bohdan Warchomij

The head of the Australian Tax Office, Chris Jordan, has described a tax lurk for multinational companies that is being retained by the Abbott government as having been "abused" by foreign corporations at a cost of "hundreds of millions of dollars" a year to the Commonwealth.

Subscribe now for unlimited access.

$0/

(min cost $0)

or signup to continue reading

See subscription options

Get the latest Warrnambool news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.