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Australian Labor Party Announces Plans to Crackdown on Tax Havens Including a Blacklist, Royalty Restrictions, Public CbC Reporting, and Others

10 May 2019

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Proposed Changes

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Australia

Australia's Labor Party Shadow Assistant Treasurer Andrew Leigh has issued a release on the party's plans for a tax haven crackdown as Australia heads into a federals election on 18 May. According to the release, the plans include the introduction of a tax haven blacklist, to appropriately vet investments from countries that fail to comply with international standards. The list will include: Cayman Islands, Bermuda, Andorra, Liechtenstein, Guernsey, Monaco, Mauritius, Liberia, Seychelles, Brunei, Anguilla, Antigua and Barbuda, Bahamas, Barbados, Belize, British Virgin Islands, Grenada, Montserrat, Panama, St Vincent and the Grenadines, St Kitts and Nevis, Turks and Caicos, US Virgin...