Labor wants multinationals to reveal their worldwide income for tax purposes. That plan is under attack

Proposed tax reforms have prompted a backlash from multinationals and their advisers, such as PwC, which lobbied the government to delay country-by-country reporting. Photograph: Wolfgang Rattay/Reuters

Wouldn’t it be nice to know precisely how much revenue multinational companies make in Australia and around the world just to make sure they’re not dodging tax?

That’s the system the European Union and Australia are trying to create, but not without substantial backlash from the companies and their advisers, such as PwC, which lobbied the Albanese government to delay country-by-country reporting.