Federal Treasurer Joe Hockey is hoping big businesses will put their hands up to disclose their tax affairs as part of a voluntary corporate disclosure code announced in tonight’s budget.
In a statement accompanying the budget papers, Hockey said he has written to the Board of Taxation, which he has asked to develop a transparency code for large corporates.
But given the disclosure code would be voluntary, it is unlikely large businesses would choose to have their tax affairs aired in public.
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Eloise is an experienced business journalist and editor, who has held senior editorial roles at SmartCompany since 2014. Prior to joining SmartCompany, Eloise was news editor at Books+Publishing, the trade press for the Australian book industry. Eloise has degrees in media and communications, marketing and business management, and political science. You can follow her on LinkedIn, and Twitter at @ellykeating.
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