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Australia joins UK in cracking down on multinationals with 'Google tax'
Publisher
Taxation
Company tax
Tax evasion
Governance
Corporate social responsibility
Australia
Description
The chiefs of some of Australia's biggest businesses descended on Parliament House yesterday, urging the government to pass the Coalition's company tax cuts.
The renewed push for lower tax rates for big businesses comes after Parliament passed the so-called Google Tax, a 40% on any profits that multinationals are found to have shifted offshore to countries with lower tax rates.
Australia is just the second country in the world to take such a step.
So what does it mean for our top companies?
Publication Details
Copyright:
Australian Broadcasting Corporation 2017
Access Rights Type:
open
Post date:
30 Mar 2017
