Policy Agenda

Tax Transparency Code

The Tax Transparency Code is a voluntary initiative through which Australia's largest businesses are taking the lead in becoming more transparent and encouraging a more informed public debate about how company tax is paid.

Australia collects more company tax as a share of GDP than any advanced country other than Norway. Large businesses paid almost two-thirds of the $68 billion in company tax collected in 2014-15.

The Code was developed by the Board of Taxation to provide a mechanism for larger businesses to demonstrate leadership, publicly disclose their tax affairs, and help educate the public about large business compliance with Australia’s tax laws.

The Code is one of the most comprehensive tax transparency measures in the world. It is a key mechanism to build community confidence in Australia's tax-compliant businesses, and encourages all companies to be more transparent with the public about their tax affairs.

Since the Code's inception, the Business Council has strongly urged all companies to sign up to the Code, whether they are Business Council members or not.

The Business Council Secretariat contact for the Code is Pero Stojanovski, Senior Economist.

 

BUSINESS COUNCIL SIGNATORIES

  • AGL Energy Limited
  • Alcoa of Australia
  • AMP Limited
  • ANZ
  • APA Group
  • Australian Securities Exchange
  • Australian Foundation Investment Company
  • Australia Post
  • Australian Unity
  • Bendigo and Adelaide Bank Group
  • BHP Billiton
  • Boston Consulting Group, The
  • BP Australasia
  • Brambles Limited
  • Caltex Australia Limited
  • Citi Australia and New Zealand
  • Coca-Cola Amatil Limited
  • Cochlear Limited
  • Commonwealth Bank of Australia
  • Compass Group (Australia) Pty Limited
  • Downer EDI Limited
  • DuluxGroup
  • EnergyAustralia
  • Fletcher Building Limited
  • Fortescue Metals Group Limited
  • GPT Group, The
  • Lend Lease
  • Lion
  • Macquarie Group Limited
  • Medibank Private Limited
  • Mirvac Group
  • MYOB Australia
  • National Australia Bank Limited
  • Navitas Limited
  • Orica Limited
  • Origin Energy Limited
  • Perpetual Limited
  • Qantas Airways Limited
  • Rio Tinto Australia
  • Santos Limited
  • Seek Limited
  • Shell Australia Limited
  • Siemens
  • South 32
  • Stockland
  • Sydney Airport
  • Tabcorp Holdings Limited
  • Telstra Corporation Limited
  • Transurban Group
  • Unilever
  • Wesfarmers Limited
  • Westpac Group
  • Woodside Energy Limited
  • Woolworths Limited
  • WSP | Parsons Brinckerhoff