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"I fail to see how one can make this assertion without any citations." The truth shall set you free. * http://www.aph.gov.au/Parliamentary_Business/Committees
by bootload 10y ago
"I fail to see how one can make this assertion without any citations."
The truth shall set you free.
* http://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Economics/Corporate_Tax_Avoidance http://www.aph.gov.au/Parliamentary_Business/Committees/Sena...
In the past, a multinational company with a
branch in Australia had a local board that
was tasked with maximizing profits. But
increasingly, Australian operations of
multinational companies are becoming agents,
shifting revenue offshore specifically to
minimize Australian profits. This was evident
throughout the inquiry.
The American headquartered technology companies
run their Australian operations as marketing and
distribution companies and shift revenue earned
in Australia to other jurisdictions. The legitimacy
of these transfers will continue to be a focus of
the inquiry.
source: "Executive Summary: Background to the interim report" ~ http://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Economics/Corporate_Tax_Avoidance/Report%20part%201/b01 http://www.aph.gov.au/Parliamentary_Business/Committees/Sena...
and more reporting.
* http://www.abc.net.au/news/2015-04-08/tech-giants-deny-australian-tax-avoidance/6379062 http://www.abc.net.au/news/2015-04-08/tech-giants-deny-austr...
* http://www.abc.net.au/news/2015-04-08/google-apple-microsoft-deny-tax-avoidance-senate-inquiry/6379024 http://www.abc.net.au/news/2015-04-08/google-apple-microsoft...
* http://www.smh.com.au/federal-politics/political-news/senate-tax-inquiry-google-apple-microsoft-policies-highlight-golden-days-of-tax-laxness-20150410-1mi9k9.html http://www.smh.com.au/federal-politics/political-news/senate...
* http://www.sbs.com.au/news/storystream/corporate-tax-crackdown-hockey-rules-out-google-tax http://www.sbs.com.au/news/storystream/corporate-tax-crackdo...
* http://www.sbs.com.au/news/article/2015/04/07/big-business-set-face-senate-tax-avoidance-inquiry http://www.sbs.com.au/news/article/2015/04/07/big-business-s...
* http://taxwatch.org.au/2014/page/18/ http://taxwatch.org.au/2014/page/18/