How much can a multinational take before its social licence to operate in this country expires? How much corporate welfare is too much?
The Senate Inquiry into Corporate Tax Avoidance has helped expose just how much work remains to be done on the multinational tax front.
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The Australian government took out ads this month boasting of victory in the fight against multinational tax avoidance. It is no small irony that taxpayers forked out for this bald-faced lie.
Australia has been a strong supporter of the BEPS project since it started, including as chair of the G20 in 2014.
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Dublin’s role in global business is threatened by Trump’s tax plans, so the opportunity presented by Britain’s EU exit will have to be snatched with both hands.
Wotif is one of a slew of formerly competitive rivals bought up by Expedia.
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Australian authorities have allowed predatory online travel agents to shrink their tax base while penalising Australian accommodation operators thanks to onerous commissions and vanishing competition
BHP will go back to the future following the move to ditch “Billiton” from it’s name.
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BHP’s rebrand is unlikely to affect the bottom line, research shows. But if it improves relations with politicians and voters, it would still be a success.
The administration’s plan to significantly cut the tax rate on so-called pass-through entities will likely lead to creative tax planning and outright evasion, damaging faith in the system.
If Australia adopted a similar approach to the Hong Kong to eliminate debt loading abuse, United States oil and gas giant Chevron would have been denied A$6.275 billion in interest deductions.
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New modelling shows governments need to ensure that corporations benefiting from the use of Australia’s resources, are contributing the same as they do in other jurisdictions.
ACTU Secretary Sally McManus addressing the National Press Club in Canberra.
AAP Image/Mick Tsikas
In a speech to the National Press Club in Canberra, ACTU Secretary Sally McManus said 679 of Australia’s biggest corporations pay “not one cent of tax”. Is that right?
As long as the ATO doesn’t question why companies are reporting zero tax payable on their income, the public won’t know if serious tax avoidance is happening.
It may be a little too early to tell if certain aspects of the so-called Google Tax will be tough in practise.
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There are still a few real-world tests the Diverted Profits Tax or “Google Tax” will have to face before the government can claim it’s among the toughest in the world.
US President-elect Donald Trump speaks about his tax plan at a press conference in New York in September.
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Philip Green has been vilified by MPs just as Theresa May vows to take on bad behaviour in big business. New research reveals just how urgent a task this is for voters.