Chris Jordan told reporters in Perth yesterday that there were "hundreds of millions, if not billions" of dollars in tax revenues at stake due to multinational corporations using complex structures to funnel earnings into low-tax jurisdictions.
The practice is believed to have been particularly prevalent among information-technology companies.
"I want my officers to go and speak to these companies to analyse precisely what they are doing on a day-to-day basis, to ensure that what happens on a day-to-day basis is actually in parallel to what they say is the situation," Mr Jordan said.
"Certain companies that have been spoken about have cheap jordan shoes adopted air jordan retro 4 very aggressive structures. cheap air jordan shoes My comment to them is, 'If you're going to have an aggressive structure into Australia, that will have jordan retro 4 a consequence. That consequence will be we won't simply accept going forward that assertion that you don't have any source of tax here in Australia'. We want to check every single thing to make sure that is actually right."
The issue was flagged late last year by Assistant Treasurer David Bradbury, who has established a taskforce to look into the situation.
Mr Jordan said the methods allegedly employed by some multinationals had been flagged to him by Australian firms that believed they were being disadvantaged.
"This is not a technical issue, this is a community issue. Australian businesses are saying to me, 'Go and have a good look at this', because ultimately they are of the view they're paying more tax on their Australian business income than they'd otherwise need to pay if multinational companies are not (paying) their fair share."
Speaking at a Taxation Institute conference in Perth, Mr Jordan also flagged his intentions to overhaul the culture within the tax office and, in particular, increase the effectiveness and timeliness of the way it dealt with disputes that arise.