4 ms·

Pay corporate income tax here and then will talk.

by jojobas 6y ago

BLKNSLVR 6y ago
You talking to Google or News Corp? You're flipping a single-sided coin. Heads you lose, and that's the only option.
- jojobas 6y ago
  Is News Corp pretending it doesn't turn any profit by offsetting it to an Irish entity? I always understood it's deliberately run at about breakeven, it's a political tool, not a money-making enterprise.
  - BLKNSLVR 6y ago
    > deliberately run at about breakeven, it's a political tool, not a money-making enterprise. Well, that's worse, or at least no better, and makes it much harder to defend the writing of new laws to protect it (except when you're the one both writing the laws and using the tool). Just writing that makes my skin crawl. Admittedly, that's a different topic to tax avoidance though.
  - spacehunt 6y ago
    https://www.afr.com/rear-window/is-news-corp-still-paying-zero-tax-20190509-p51lqe https://www.afr.com/rear-window/is-news-corp-still-paying-ze... > ... there’s the withholding tax [News Australia Holdings] pays on interest it pays to a News Corp associate offshore, which News likes to lump in with income tax. (AFR is Fairfax / Channel 9, take that what you will.)
kyrra 6y ago
(googler, opinion is my own) My understanding is that Google is locally incorporated in australia, as you can see on this page[0], at least for Ads, likely other businesses. If you select Australia on there you will see Ads payments are made to "Google Australia Pty Limited". [0] https://support.google.com/google-ads/answer/2375370?hl=en https://support.google.com/google-ads/answer/2375370?hl=en
- chottocharaii 6y ago
  Look up transfer pricing
- jojobas 6y ago
  Google Australia Pty Ltd acts as an agent for Google Asia Pacific registered in Singapore. The profits are routed as licensing costs around the world to end up in this or that low tax jurisdiction.
  - kyrra 6y ago
    Interesting, thanks for sharing. Found this which gave more context. https://www.abc.net.au/news/2019-05-01/google-facebook-make-billions-in-australian-sales-pay-little-tax/11060474 https://www.abc.net.au/news/2019-05-01/google-facebook-make-...

Pay corporate income tax here and then will talk.

BLKNSLVR 6y ago

You talking to Google or News Corp? You're flipping a single-sided coin. Heads you lose, and that's the only option.

jojobas 6y ago
Is News Corp pretending it doesn't turn any profit by offsetting it to an Irish entity? I always understood it's deliberately run at about breakeven, it's a political tool, not a money-making enterprise.
- BLKNSLVR 6y ago
  > deliberately run at about breakeven, it's a political tool, not a money-making enterprise. Well, that's worse, or at least no better, and makes it much harder to defend the writing of new laws to protect it (except when you're the one both writing the laws and using the tool). Just writing that makes my skin crawl. Admittedly, that's a different topic to tax avoidance though.
- spacehunt 6y ago
  https://www.afr.com/rear-window/is-news-corp-still-paying-zero-tax-20190509-p51lqe https://www.afr.com/rear-window/is-news-corp-still-paying-ze... > ... there’s the withholding tax [News Australia Holdings] pays on interest it pays to a News Corp associate offshore, which News likes to lump in with income tax. (AFR is Fairfax / Channel 9, take that what you will.)

kyrra 6y ago

(googler, opinion is my own) My understanding is that Google is locally incorporated in australia, as you can see on this page[0], at least for Ads, likely other businesses. If you select Australia on there you will see Ads payments are made to "Google Australia Pty Limited". [0] https://support.google.com/google-ads/answer/2375370?hl=en https://support.google.com/google-ads/answer/2375370?hl=en

chottocharaii 6y ago
Look up transfer pricing
jojobas 6y ago
Google Australia Pty Ltd acts as an agent for Google Asia Pacific registered in Singapore. The profits are routed as licensing costs around the world to end up in this or that low tax jurisdiction.
- kyrra 6y ago
  Interesting, thanks for sharing. Found this which gave more context. https://www.abc.net.au/news/2019-05-01/google-facebook-make-billions-in-australian-sales-pay-little-tax/11060474 https://www.abc.net.au/news/2019-05-01/google-facebook-make-...