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The leak that is largest of papers ever sold has exposed the taxation secrets of a bunch of international businesses.

The leak that is largest of papers ever sold has exposed the taxation secrets of a bunch of international businesses.

ABC Information: Alex Palmer

The Australian Tax Office (ATO) has brought action against 19 international businesses since it unpicks a scheme with the capacity of pressing an incredible number of income tax bucks overseas.

Key points

  • The ATO has brought action against 19 businesses over a cross-currency interest swap scheme
  • The ATO is searching for the Paradise Papers so that you can analyse the Australian implications
  • The Paradise Papers reveal mining giant Glencore utilized the currency swap scheme
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