The leak that is largest of papers of all time has exposed the taxation secrets of a number of international organizations.

The leak that is largest of papers of all time has exposed the taxation secrets of a number of international organizations.

ABC Information: Alex Palmer

The Tax that is australian OfficeATO) has had action against 19 international businesses because it unpicks a scheme with the capacity of pushing an incredible number of taxation bucks offshore.

Key points

  • The ATO has brought action against 19 organizations over a cross-currency rate of interest swap scheme
  • The ATO is looking for the Paradise Papers to be able to analyse the Australian implications
  • The Paradise Papers unveil mining giant Glencore utilized the money swap scheme
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