Tax loopholes are 'stealing from next generation'
Tax loopholes that benefit multinational companies in Australia are “stealing from the next generation”, prominent unions have warned. The Community and Public Sector Union told a parliamentary inquiry into multinational tax avoidance that many companies advising governments on various policies had been exploiting loopholes. The union’s joint national secretary Karen Batt said a dangerous cycle was playing out in government policy-making due to the current tax loopholes.