New research shows that companies are shifting record amounts of their profits to tax havens, despite a global effort to crack down on the practice.
When it comes to shareholder credits, shareholders prefer their corporations pay the standard tax they owe — not a lower tax — to ensure higher cash flows.
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Lowering the tax rates on profits from patents registered in Australia is unlikely to increase local research and development. But it will be a gift for multinationals.
Biden is asking companies to cover the tab for his infrastructure plan.
AP Photo/Evan Vucci
The corporate tax was created on the principle that people and companies should be taxed based on what they receive in benefits – and US corporations have received an awful lot.
Minister for Finance Mathias Cormann said corporate tax cuts in the US had led to ‘stronger investment, stronger growth, a lower unemployment rate and higher wages’. Let’s take a closer look.
A social media post shared by GetUp! Australia suggested US real wages had dropped significantly following the enactment of Trump’s corporate tax cuts in January. We asked the experts to check it out.
Liberal MP Sarah Henderson, speaking on Q&A.
ABC/Q&A
In addition to the jobs claim, Liberal MP Sarah Henderson said 65,000 new businesses had started in the last year, compared to the closure of 61,000 businesses in Labor’s last year. Is that right?
With the second and third releases of ATO tax transparency data, the was no reaction from the financial markets at all, not even for those firms included in the disclosures.
BEN RUSHTON/AAP
Mandatory tax return disclosures for large companies were designed to increase public awareness of tax avoidance - but a new study reveals they may not work.
House Speaker Paul Ryan talks about the GOP tax plan.
AP Photo/Jacquelyn Martin
Unlike other age groups, 16- to 24-year-olds haven’t recovered the job losses they suffered during the Great Recession. Spurring investment and growth are key to getting them back to work.
Why so grim? Oh, tax cuts.
AP Photo/Pablo Martinez Monsivais
The Republican tax plan would ultimately make the current system less progressive while reducing the overall burden, two things research shows make countries less happy.
Trump’s tax plan will cost trillions.
AP Photo/Pavel Golovkin
President Trump released details of his tax plan, which would essentially benefit the wealthiest Americans by repealing the estate tax and other changes at the expense of the middle class.
Trump unveiled his tax cut in Indianapolis.
AP Photo/Michael Conroy
The administration wants to cut the tax rate on so-called pass-through entities, which is likely to lead to creative tax planning and outright evasion, damaging faith in the system.
Tax sheltering is not just the domain of exotic Caribbean isles. Major world powers, including the United Kingdom, play a critical and previously undisclosed role in global tax avoidance.
CORPNET
The Netherlands, Switzerland, the United Kingdom, Singapore and Ireland are among the rich countries that funnel major corporate money into secret offshore tax shelters, according to a new study.
Despite global outrage at the cost of its Hepatitis C cure, Gilead reaps huge profits – aided by Australian taxpayer subsidies.
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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?
There has been a great deal of research, planning and talking to come up with solutions to South Africa’s higher education funding crisis. Some of these plans must now be put into action.