Australia Public Reporting Law to Cover Business in 40 Countries

Australia published a final list of countries where information about companies’ economic activity will have to be shared publicly under a new tax transparency regime.

Corporations earning at least A$10 million ($6.2 million) annually in Australia or the 40 countries on the list will have to report global revenue and corporate structure information under the country-by-country reporting rule, the Treasury Department said in a Tuesday posting.

• The country list includes global financial centers as well as jurisdictions associated with tax avoidance and evasion, such as Switzerland, the British Virgin Islands, and Hong Kong. The only change ...