The biggest drip of papers ever sold has exposed the income tax secrets of a bunch of international organizations.

The biggest drip of papers ever sold has exposed the income tax secrets of a bunch of international organizations.

ABC News: Alex Palmer

The Australian Tax Office (ATO) has brought action against 19 international organizations since it unpicks a scheme with the capacity of pressing an incredible number of income tax bucks overseas.

Key points

  • The ATO has brought action against 19 organizations over a cross-currency interest swap scheme
  • The ATO is looking for the Paradise Papers so that you can analyse the Australian implications
  • The Paradise Papers unveil mining giant Glencore utilized the currency swap scheme

The ATO can also be cracking down on high-profile Australian advisory businesses plus a worldwide web of overseas law offices suspected of marketing income tax avoidance schemes through tax have actuallyns.

The ATO investigations have actually come to light during a Four Corners task together with the International Consortium of Investigative Journalists.

The biggest drip of papers ever sold has exposed the taxation secrets of a host of big international businesses.

The Paradise Papers drip has uncovered confidential e-mails, board mins and tax-structuring plans originating from international overseas law practice Appleby, Singaporean company Asiaciti Trust and 19 business registries in taxation have actuallyns, acquired by German newsprint Suddeutsche Zeitung. Leer más