MONEY & MARKETS_ The ATO is investigating 27 multinationals over $80 billion in revaluations

BUSINESS INSIDER AUSTRALIA

MONEY & MARKETS

The ATO is investigating 27 multinationals over $80 billion in revaluations

Joanna Mather, AFR.com
Feb 6, 2018, 8:21 AM



Sherlock Holmes via IMDb


The Tax Office is investigating 27 multinationals over $78 billion in potentially dodgy revaluations used to get around anti-tax avoidance rules.

In a submission to a senate inquiry, the ATO warns that companies are revaluing assets to skirt 2014 changes to thin capitalisation rules designed to stop companies loading debt into their Australian operations to avoid paying tax here.

READ MORE: https://www.businessinsider.com.au/ato-investigating-multinationals-over-revaluations-2018-2

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