Wesfarmers Urges Aldi to Sign Tax Code in ‘Corporate Peer Pressure’

 In Aldi, Australia, Coles, NewZealand
Coles has urged its German rival Aldi to sign up to a new tax transparency code that will lead to more big businesses, particularly multinationals, releasing detailed information about the tax they pay.
Aldi has yet to sign up to the Voluntary Tax Transparency Code, which targets more than 1500 businesses with turnover of $100 million and follows public anger over large multinationals engaging in aggressive tax avoidance.
The government is "encouraging" all companies to adopt the code this financial year, and will make it mandatory if too few companies come forward. Sydney Morning Herald – Read more…

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