Australia has specific laws to stop the abuse of tax avoidance [1]. While at a high level they seem reasonable they haven't resulted in us getting the desired a

Australia has specific laws to stop the abuse of tax avoidance [1]. While at a high level they seem reasonable they haven't resulted in us getting the desired amount of income from multinationals [2]. The article I linked relates to big tech though, and maybe that's a separate argument when very little of the innovation happens in Australia, mostly just sales. [1] https://www.ato.gov.au/general/tax-and-corporate-australia/a-strong-domestic-tax-regime/#Generalantiavoidancerule https://www.ato.gov.au/general/tax-and-corporate-australia/a... [2] https://www.smh.com.au/politics/federal/tech-giants-pay-record-tax-but-budget-still-relies-on-miners-and-banks-20201210-p56mh8.html https://www.smh.com.au/politics/federal/tech-giants-pay-reco... DISCLAIMER: Not a tax expert