World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search


Australia: Tax breaks for overseas bribes must go

Tax breaks for overseas bribes must go - Greens

Tax breaks for so called 'facilitation' payments, given to overseas entities to smooth the way for business transactions, need to be outlawed, Greens Leader Bob Brown said today.

In a press release the OECD expressed concern about Australian laws that enable Australian companies to, "get tax deductions for so-called 'facilitation payments' which enable Australian companies to pay foreign government officials to, for example, speed up routine governmental actions, such as providing permits or licences."

"Treasurer Costello's tax reform agenda must include bringing an end to tax breaks for bribery," said Senator Brown.

"Australian companies should be required to observe the same ethical standards overseas as the law requires in Australia."

Senator Brown has today asked the Treasurer:

* Over the last five years, how much money have Australian companies spent on 'facilitation' payments?

* What is the estimated cost to the Australian taxpayers of providing tax deductibility for 'facilitation' payments?

* Following the concerns with Australia's laws raised by the OECD will the Treasurer commit to introducing laws banning the tax deductibility of 'facilitation' payments in the next parliamentary sitting period?

* Will the Treasurer adopt the OECD's recommendation and push for stronger whistleblower protection laws to protect Australian public servants based overseas who detect instances of bribery?

© Scoop Media

World Headlines


Rohingya Muslims Massacred: Restrictions On Aid Put 1000s At Risk

Amnesty: The Myanmar authorities’ restrictions on international aid in Rakhine state is putting tens of thousands of lives at risk in a region where mainly Rohingya people are already suffering horrific abuses from a disproportionate military campaign. More>>


Werewolf: Gordon Campbell On North Korea, Neo-Nazism, And Milo

With a bit of luck the planet won’t be devastated by nuclear war in the next few days. US President Donald Trump will have begun to fixate on some other way to gratify his self-esteem – maybe by invading Venezuela or starting a war with Iran. More>>


Victory Declared: New Stabilisation Funding From NZ As Mosul Is Retaken

New Zealand has congratulated the Iraqi government on the successful liberation of Mosul from ISIS after a long and hard-fought campaign. More>>

Gordon Campbell: On The Current US Moves Against North Korea

If Martians visited early last week, they’d probably be scratching their heads as to why North Korea was being treated as a potential trigger for global conflict... More>>


Gordon Campbell: On The Lessons From Corbyn’s Campaign

Leaving partisan politics aside – and ignoring Jeremy Corbyn’s sensational election campaign for a moment – it has to be said that Britain is now really up shit creek... More>>


  • Pacific.Scoop
  • Cafe Pacific
  • PMC