Hockey mum on multinational tax revenue

Treasurer Joe Hockey will introduce legislation to force multinationals to pay their fair share of tax, but won't say how much revenue it will raise.

Treasurer Joe Hockey

Joe Hockey will introduce legislation to force multinationals to pay their fair share of tax. (AAP)

Treasurer Joe Hockey will introduce "world leading" legislation to parliament this week aimed at ensuring multinational companies pay their fair share of tax.

It's the result of working with the UK government and embedding tax office staff into 30 companies the government believes are dodging their tax obligations.

But Mr Hockey declined to say how much potential revenue his draft laws would raise, telling 3AW radio on Monday: "I would rather under promise and over deliver."


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Source: AAP


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