ABC News: Alex Palmer

The Australian Tax Office (ATO) has brought action against 19 international businesses since it unpicks a scheme effective at pressing scores of tax dollars offshore.

Key points

• The ATO has brought action against 19 companies over 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 reveal mining giant Glencore utilized the money swap scheme

The ATO can also be breaking down on high-profile Australian advisory organizations as well as a international internet of overseas law offices suspected of marketing taxation avoidance schemes through income tax have actuallyns.

The ATO investigations have actually started to light within a Four Corners task together with the Overseas Consortium of Investigative Journalists. (more…)