Aldi still undecided on tax transparency code

 In Aldi, Australia, NewZealand
German discount supermarket Aldi is still making up its mind on whether to join a tax transparency code which has led to more big businesses, particularly multinationals, releasing information about the tax they pay.
Woolworths recently agreed to sign up to the Voluntary Tax Transparency Code, which targets businesses with turnover of more than $100 million and follows public anger over multinationals engaging in aggressive tax avoidance.
The owner of Coles, Wesfarmers, is a signatory and in August urged Aldi to follow its lead. "I would encourage all supermarket operators to do so," Wesfarmers chairman Michael Chaney said at the time. Wesfarmers expects to lodge its first tax contribution report under the code shortly. Sydney Morning Herald – Read more…

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