Despite explicit promises, Treasury says there was never any commitment to establish register beneficial ownership register

The government has backed away from two explicit commitments to establish a register to help stamp out multi-national tax avoidance – by claiming there was never a commitment in the first place.

Announced by Kelly O’Dwyer in the lead-up to the 2016 federal election, the register was to bring Australia in line with G20 commitments on transparency, by publicly listing the identities of who ultimately owned shell companies and benefitted from them, including for tax purposes.

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Read More Coalition abandons plan for register to help beat tax avoidance

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