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representatives vote 2016-02-08#3
Edited by
mackay staff
on
2016-04-07 13:19:02
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Title
Bills — Tax Laws Amendment (Implementation of the Common Reporting Standard) Bill 2015; Consideration in Detail- Tax Laws Amendment (Implementation of the Common Reporting Standard) Bill 2015 - Consideration in Detail - Change the date
Description
<p class="motion-notice motion-notice-notext">No motion text available</p>- The majority voted against an [amendment](http://www.openaustralia.org.au/debates/?id=2016-02-08.104.1) to the [bill](http://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id:legislation/billhome/r5581), which was introduced by Labor MP [Andrew Leigh](https://theyvoteforyou.org.au/people/representatives/fraser/andrew_leigh).
- The bill implements the [Common Reporting Standard](https://en.wikipedia.org/wiki/Common_Reporting_Standard), which is an agreement to exchange information about their residents' assets and incomes. Mr Leigh's amendment would have changed the date when the bill would commence from 2019 to 2018.
- This change would have meant that Australia's implementation of the [Common Reporting Standard](https://en.wikipedia.org/wiki/Common_Reporting_Standard) would be at the same time as 40 other countries in 2018, which [Senator Leigh explained](http://www.openaustralia.org.au/debates/?id=2016-02-08.104.1) would "*ensure that Australia is not a laggard when it comes to dealing with multinational tax avoidance*".
- Learn more about the bill in the [bills digest](http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/bd/bd1516a/16bd083).
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