This research estimates that more than $1 billion in profits was shifted out of Africa to tax havens by Australian mining companies in just one year (2015) – equating to up to almost $300 million in tax revenue that could have been used for vital services, such as schools and hospitals.

This UK research aimed to understand: how wealthy people see themselves; what shapes their behaviour; how they plan and structure their tax affairs; how they view tax avoidance and evasion; and how HMRC could encourage voluntary compliance with the taxation system.

This report outlines how Australia’s anti-tax avoidance regime could be further strengthened to ensure that multinationals – particularly those profiting of Australia’s finite nature resources – can no longer avoid their tax obligations with impunity.

The Taskforce’s final report highlights the harm that the black economy causes to honest businesses and the community, penalising honest taxpayers, undermining the integrity of Australia’s tax and welfare systems and creating an uneven playing field for the majority of small businesses doing the right thing.

This exploratory paper draws on new data relating to payment of tax penalties for false and misleading statements. The data is subject to limitations and qualifications, as detailed in the paper. Overall, the data shows that the majority of financial penalties imposed on deliberate tax evaders are never paid.