A new Google tax is part of the a tax crackdown in the federal budget.
Wins for small business; significant superannuation reform; multinational tax avoidance addressed; and more.
Treasurer Scott Morrison says ‘this is not a time to be splashing money around’.
The Turnbull government has promised company tax cuts to stimulate investment and action to prevent middle-income earners moving into a higher tax bracket, in a budget that will launch its election campaign.
The finger of blame has been pointed at HMRC over the multinational’s ‘sweetheart deal’. That’s not fair.
A release of tax data should set the scene for greater transparency.
The drop of tax data showing hundreds of major companies did not pay tax needs parsing; but there must be crackdown on aggressive tax planning.
Google vice president Matt Brittin (right) and John Dixon, Ernst and Young’s head of tax (left), giving evidence to a Public Accounts Committee on tax avoidance in 2013.
PA / PA Archive
Governments may pledge to stop big companies from exploiting tax avoidance loopholes, but are they being honest?
The EU is thought to be losing one trillion Euros from tax avoidance, evasion and arrears. But the latest tax reform is unlikely to fix that.
Opposition leader Bill Shorten, Shadow Treasurer Chris Bowen and Shadow Assistant Treasurer Andrew Leigh have said their multinational tax package will make big firms pay their fair share.
AAP Image/Mick Tsikas
The tax package recently announced by the Federal Labor party is clearly well intentioned but it misses the point about multinationals paying their fair share.