About this Event
Professor of Taxation;
ARC Future Fellow
Queensland University of Technology
Australia has introduced one of the world’s most comprehensive mandatory public country-by-country reporting regimes, with implications extending well beyond Australian-headquartered multinational groups. Singapore-headquartered groups with a sufficient Australian presence may fall within the regime, while Singapore itself is one of the jurisdictions for which affected groups must provide detailed jurisdiction-level disclosures.
This seminar examines what the Australian regime means for multinational groups operating in Singapore and the wider Asian region. It explains the scope and content of the new requirements and compares the Australian approach with the EU Public Country-by-Country Reporting Directive and GRI 207, highlighting where apparently overlapping transparency regimes diverge. It then considers a more fundamental question: what public tax transparency is intended to achieve. Drawing on three possible rationales: market-based accountability, regulatory deterrence, and the public’s entitlement to know, the seminar examines whether Australia’s distinctive regulatory design can achieve its stated objectives.
Particular attention will be given to the treatment of Singapore and other specified jurisdictions, the potential for public tax data to be misinterpreted without adequate narrative context, and the compliance and reputational implications for multinational groups operating across multiple reporting regimes. The Australian experience provides a useful case study for considering the future direction of public tax transparency in Asia and internationally.
Event venue & nearby stays
Tax Academy of Singapore Hub, 55 Newton Road, Toa Payoh, Singapore
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