Senate debates

Tuesday, 10 November 2015

Bills

Tax Laws Amendment (Combating Multinational Tax Avoidance) Bill 2015; In Committee

4:26 pm

Photo of Peter Whish-WilsonPeter Whish-Wilson (Tasmania, Australian Greens) Share this | Hansard source

) ( ): Can the minister explain why big companies like Glencore, with $35 billion worth of assets, apply for special purpose accounting, and does the minister accept that there is a role for forensic accounting and a public interest in having these accounts available? I understand you can go to where these corporations are domiciled or registered and the accounts have to be released, but why do they apply through subsidiaries in other countries to have minimal disclosure in their accounts?

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