Apple Inc, the US-based tech giant, has received plenty of plaudits for producing a record US$18 billion in profit from one quarter’s global sales of US$75 billion. A look at the company’s financial statements…
Pressure is growing on Apple to pay more tax in Australia.
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Roman Lanis, University of Technology Sydney e Ross McClure, University of Technology Sydney
It’s no secret that companies including Apple, Google, Amazon, Uber, Airbnb and Ikea seem to pay less than their fair share of tax in Australia. Despite booking huge revenues from sales to Australian customers…
OECD Centre for Tax Policy and Administration Director Pascal Saint-Amans has been leading the charge against tax avoidance.
Dominika Lis/G20 Australia
The G20 Communique is good news on the international tax reform front. As part of the G20 commitment to boost economic resilience the Communique commits G20 nations to taking action to ensure fairness…
Jersey, a British Crown Dependency and tax haven.
Man vyi
The revelation of the leaked Luxembourg tax files and the related reporting of the extent of the tax avoidance industry in the UK should come as little surprise. Tax legislation, and its enforcement in…
Pressure is building ahead of the Brisbane G20 Leaders’ Summit for action on tax avoidance by multinationals.
Andrew Sutherland/Flickr
Tax avoidance by multinational enterprises is not new. But the current level of political will and public outcry on the issue is uncommon in the history of taxation. The upcoming G20 meeting in Brisbane…
Leaked documents reveal how multinational companies use PwC in Luxembourg to shift profits and avoid tax.
Nicolas Bouvy/AAP
Hundreds of advance tax agreements between Luxembourg and more than 300 taxpayers were leaked and published by the International Consortium of Investigative Journalists last week. The taxpayers involved…
Future Fund Chairman and former Australian treasurer Peter Costello is likely to face more questions on why the fund has been involved in secret tax deals in Europe.
Dan Himbrechts/AAP
The hollowing out of tax collected for public purposes by rich and poor nations is not confined to technology and mining companies, according to a major leak of secret tax agreements covering more than…
Oxfam estimates that at least A$21 trillion is hidden in tax havens.
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Tax avoidance, or the use of legal arrangements to reduce tax, is rife. According to the Australian Tax Office (ATO), Australian companies in 2012 sent almost A$60 billion to related parties in tax havens…
News Corporation Chairman Rupert Murdoch has been given plenty of opportunities to air his agenda ahead of the G20 summit.
Jason Reed/Reuters Pool/AAP
Rupert Murdoch’s special address to an exclusive meeting of the world’s most powerful finance ministers got a second airing this week. In a breathless front-page “exclusive” in The Australian, Paul Kelly…
Irish treasurer Michael Noonan is keen to ensure Ireland’s tax system remains “competitive”.
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Ireland has this week moved to change its tax law, closing the “double Irish” tax avoidance technique widely used by multinational enterprises including Google and Microsoft. In very broad terms, the current…
Treasurer Joe Hockey has picked up the pace on tax information sharing, in response to a push by the OECD.
Dave Hunt/AAP
Roman Lanis, University of Technology Sydney e Ross McClure, University of Technology Sydney
Despite Treasurer Joe Hockey’s continued statements that the government is doing “everything we can … to ensure that companies that earn profits in Australia pay tax in Australia”, the federal government…
Treasurer Joe Hockey joins a long line of leaders unable to close the gap between promise and reality.
Dave Hunt/AAP
Governments are notorious for missing targets. Look no further than France or Spain’s recent fiscal calumny, despite the European Union’s excessive deficit procedure. Closer to home, the Association of…
The Organization for Economic Cooperation and Development has proposed a plan to stop companies from avoiding billions of dollars in taxes. As we know from the scandals surrounding Amazon, Starbucks, Vodafone…
Google books much of its Australian profit to offshore operations.
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Public outcries over tax avoidance by multinational enterprises like Apple and Google have pushed politicians to act. The unprecedented international political will to combat base erosion profit shifting…
The US$11 billion merger of Burger King and Canadian coffee and doughnuts chain Tim Hortons is the latest example of a tax inversion move. The deal will see BK transfer its company headquarters from the…
Tax justice campaigns can be effective, if they’re aimed at the right targets.
David Parry/PA
Have the Organisation for Economic Co-operation and Development and the G20 really attempted to “discredit and discourage” the participation of developing countries in a new system of automatic tax information…
I bet that you look good on your tax forms…
Yui Mok/PA
Arctic Monkeys became members of a club they would probably have rather avoided recently. Joining the likes of Take That, Jimmy Carr and Anne Robinson, they became the latest celebrities to be vilified…
Last year’s merger between Glencore and Xstrata has seen almost no tax paid in Australia in the last three years.
Gaetan Bally/AAP
Treasurer Joe Hockey has said that he will improve the structural integrity of Australia’s tax system to address international tax avoidance by multinational enterprises. In particular, the tax law will…
People can raze mountains, divert rivers, clear forests and give subsidies, grants and preferential loans as a welcome to corporations, but the companies themselves don’t have any loyalty to communities…
A recent report from think tank Per Capita highlighted increasing concern over inequality in Australia’s taxation system, particularly whether high income earners are paying their fair share of tax. Despite…