From www.accountingtimes.com.au: EY tax advisors have highlighted the challenges Australian branches of multinational companies face in advocating for good tax governance, particularly to offshore stakeholders unfamiliar with the ATO’s expectations.

The benefits of strong tax governance include enhanced internal coordination, improved ESG credentials, and reduced scrutiny from tax authorities.

With new public country-by-country reporting laws, effective communication and proactive governance are essential for these firms to navigate their tax obligations and foster a collaborative relationship with their global counterparts.