The Labor government made an election promise, a budget promise, a legislative promise and held two consultations on landmark legislation to implement global tax transparency for multinationals. Now it has bent to corporate pressure. Landmark legislation for public country by country reporting was set to be implemented as of 1 July. Late last week, it was announced that implementation will be pushed back for at least a year.

Source: Hand that (Cor)mann a cigar: Labor suddenly shy about multinational tax avoidance, ‘sunshine’ reform on ice – Michael West