On 23 August 2016, the Australia Taxation Office (ATO) published the tax transparency code (TTC) that contains a set of principles and minimum standards to guide medium and large businesses on public disclosure of tax information. Medium businesses are defined as those with aggregated Australian turnover of at least AUD 100 million, and large business are those with aggregated Australian turnover of at least AUD 500 million.
Although voluntary, the ATO encourages businesses to adopt the TTC …