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On the money this week: The release of the Panama Papers has rocked the world, exposing international tax avoidance on an unprecedented scale. But the leak was just the beginning of a much bigger story. A new report from Getup says that 76 of Australia's biggest companies pay half the corporate rate in taxes. So how much potential tax revenue is being lost? We find out. We also look at the small business tax concessions announced in last year's budget. ABS data has shown an increase in retail and car sales for the financial year ended 2015, but are these tax concessions responsible for the pickup? We talk with the experts who've been following the trends and crunching the numbers.
Show features:
Danny Faddoul, Senior Campaigner at Getup
Dr Mark Zirnsak, Secretariat for the Tax Justice Network
Dr Kerrie Sadiq, Professor at the Queensland University of Technology Business School
Peter Strong, CEO of the Council of Small Business Australia
Sue Prestney, Partner at Price Waterhouse Coopers
Producers: Andrew Barclay and Vincent SU
Executive Producer: Catherine Zengerer |