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Australian Board of Taxation Consulting on Redesign of Voluntary Tax Transparency Code

|Proposed Changes|Australia
Australia

The Australian Board of Taxation has launched a public consultation on a redesign of the Voluntary Tax Transparency Code (VTTC). At the time of its introduction in 2016, the VTTC was the most comprehensive and advanced corporate tax transparency measure globally. However, significant changes in the Australian and global tax transparency landscape since that time, including the introduction of public Country-by-Country (CbC) reporting, led to the Board concluding that the VTTC should be simpl…

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