Apple Australia Corporate Vice President Tony King told a senate committee the company’s effective tax rate was above 30%.
A new formula adopted by the ATO is likely to act as both a detection tool and deterrent to corporate tax avoidance.
While Microsoft, Google and Apple have had to answer questions in Canberra about whether they meet their tax obligations, their media activities seemingly defy regulation.
Current regulations are a complete mismatch for today's media practices and structures. While politicians shy from the debate, it's time to heed public opinion and revisit the Finkelstein Report.
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.
Microsoft Corporation’s Bill Sample, Google Australia’s Maile Carnegie and Corporate Vice President of Apple Australia Tony King appeared before Senate committee public hearings on corporate tax avoidance last week.
Tax avoidance or tax evasion? One is legal and one isn't, but there are acres of grey area in-between.
Time to get serious on tax avoidance.
Chris Radburn/PA Wire
The Labour Party has put tackling tax avoidance firmly on the election agenda.
Will non-doms be driven away?
Labour has pledged to get rid of the centuries-old non-dom rule.
News Corp Australia CEO Julian Clarke and CFO Susan Panuccio were asked by Senators to account for its tax affairs.
The government want us to believe in the "debt deficit disaster: in order to accept paying more tax. But why do parliamentarians need an inquiry simply to find out how much tax multi-nationals pay?
Greens leader Christine Milne argues Australia is not doing enough to combat corporate tax avoidance.
Treasurer Joe Hockey is considering a Google tax similar to that introduced in the UK, but experts warn it could derail global action on tax avoidance.
Australia’s Future Fund, chaired by former Treasurer Peter Costello, is not immune to the tax schemes corporations love.
There are many and increasing ways for corporations to minimise tax legally. Solving the problem will take more, not less firepower from the ATO.
Google remains at the centre of international debates over corporate tax practices, but its power should not be underestimated.
With Australia planning its own Google tax, we're likely to see state power and sovereignty come into direct conflict with corporate might.
Naming and shaming is not really the main agenda of tax transparency.
Companies that embrace tax disclosures and remind the public they are contributing to the economy could actually benefit from greater transparency.
Luxembourg gains where UK loses.
Luzembourg image via www.shutterstock.com
Tax avoidance costs the UK billions. It's time to put it on the agenda for the election.
Push and pull factors. How bankers lose direction.
If we keep saying high finance is operating in a morality vacuum, we will miss the chance to understand and fix its problems.
Can everyone be a winner from comprehensive tax reform?
Image sourced from Shutterstock.com
Just what are the issues we need to watch when it comes to tax reform? Read this explainer.
H is for heft.
As HSBC suffers under the scorching spotlight of public scrutiny once more, it is fair to ask why the banking group so often finds itself at the heart of the action.
Despite claims, there isn’t a systemic problem with tax evasion by Australian companies.
Image sourced from www.shutterstock.com
The Henry Tax Review identified 125 taxes within Australia levied by all levels of government. Of those 125 taxes, just 10 taxes raised 90% of all tax revenue. The company tax is the second largest source…
Biting his tongue might be a better idea.
Hannah McKay/PA Wire
A row between a Conservative peer and Labour leader Ed Miliband is once again throwing up some inconsistent thinking about tax avoidance. Stanley Fink, the former treasurer of the Conservative party, and…
All part of the same system.
Sean Dempsey/PA Wire
There has been an international outcry over the leaked HSBC files, which provide evidence that the bank’s Swiss arm helped wealthy clients put millions of dollars worth of assets out of the reach of the…
Accused of helping clients avoid millions in tax.
JuliusKielaitis / Shutterstock.com
The revelation in leaked bank files that HSBC’s Swiss banking arm has helped wealthy customers put millions of dollars worth of assets out of the reach of the tax authorities confirms the way in which…
Ringing the changes on tax avoidance.
The revelation on the BBC and in the Guardian that British bank, HSBC, the second biggest in the world has allegedly helped UK residents sidestep taxes through a Swiss subsidiary should really come as…