Displaying items by tag: tax evasion

The Federal Government has an excellent chance to do itself a favour and also gain some good karma by taking onboard a suggestion by the Treasury to tax big multinational technology companies based on their revenue. It would help the budget bottom line and represent some actual policy for a change.

Published in Open Sauce

American multinational technology companies paid $616 million in tax during the last year, a total of $380 million more than the previous year, after new tax-avoidance laws were put in place.

Published in Technology Regulation
Monday, 25 September 2017 10:28

EU signals it is serious about big tech tax issue

The European Union has given an indication that it is serious about going after big technology companies that avoid paying taxes in states that belong to the union.

Published in Technology Regulation

Facebook has told a standing committee of the Australian Senate that it booked a vast majority of its Australian income for 2016 outside the country.

Published in Technology Regulation
Saturday, 16 September 2017 09:24

More EU states back big tech paying tax on revenue

Nine European Union countries have supported a move to tax big multinational technology companies on their revenue, and not profits.

Published in Technology Regulation

The world's richest technology company Apple paid no tax in a decade in New Zealand, despite raking in NZ$4.2 billion in revenue.

Published in Government Tech Policy
Thursday, 22 December 2016 10:06

Google avoided US$3.6b in taxes in 2015: report

Google avoided paying US$3.6 billion in taxes globally in 2015 by shifting US$15.5 billion (€14.9 billion) to a company in Bermuda that is just a shell, according to regulatory filings made in the Netherlands.

Published in Technology Regulation
Wednesday, 31 August 2016 09:50

EU stoush: Apple's Cook starts off on wrong note

Apple chief executive Tim Cook lives in a different world to the one you and I inhabit. Nothing else can account for the fact that he was recently proclaiming that the company he leads should not have to pay corporate tax because he felt the tax rate was not fair.

Published in Open Sauce
Wednesday, 31 August 2016 08:29

Apple-EU stoush: Cook hints Europe may lose jobs

Apple chief executive Tim Cook has attempted to paint the company's decision to set up operations in Ireland as one that was driven by factors other than hard commercial reasons.

Published in Government Tech Policy

Apple is set to face a challenge in its dealings with Ireland, with the European Union's anti-trust regulator to rule soon that the company's tax deals with Dublin are in violation of the EU's rules, according to a report in the Wall Street Journal.

Published in Government Tech Policy
Tagged under
Friday, 29 July 2016 11:33

Facebook may face tax hit of up to US$5b

Facebook has warned that it could face a tax bill of between US$3 billion and US$5 billion over the transfer of assets to Ireland.

Published in Technology Regulation

Facebook and accounting firm Ernst & Young have been accused of providing figures lower by billions of dollars when transferring intangible assets to the social giant's Ireland subsidiary.

Published in Technology Regulation
Monday, 07 September 2015 11:32

Day of reckoning nigh for tax cheats

Does a multinational company like Apple or Microsoft benefit from doing business in Australia and having a local subsidiary?

Published in Open Sauce
Thursday, 22 January 2015 04:31

International tax cheats in ATO’s sights

The Government may have retreated on its promises to crack down on multinational IT companies avoiding tax, but the Australian Tax Office says it’s on the case.

Published in Technology Regulation

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