Doubts have been raised about whether planned new laws will be powerful enough to rake in billions of offshore tax dollars from multi-national companies.
Treasurer Joe Hockey has promised to stop companies using complex schemes to escape paying tax, but University of Sydney academic Anthony Ting says a close look at the draft legislation suggests it is far from comprehensive.
"It is a step in the right direction - but possibly not a big enough step," he wrote on The Conversation website, adding only two of the five multinational companies nominated by the treasurer - Google and Microsoft - were likely to be covered.
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