Displaying items by tag: tax avoidance

Facebook, Amazon, Google are the companies most at risk from regulatory crackdown in the advertising sector, according to the latest Thematic Scorecard for the sector from analyst firm GlobalData.

One of the big problems in tech that the incoming minister for the digital economy will have to fix is the matter of getting big tech multinationals to pay their fair share of tax.

Three areas of tech which the Labor Party plans to go hard on if it is elected on 18 May are the workforce, the certification of providers to government, and getting big technology firms to pay their fair share of tax.

Google has managed to squirrel away €15.9 billion (US$19.2 billion) in a Bermuda shell company in 2016, helping the search behemoth to avoid paying at least US$3.7 billion in taxes, according to regulatory filings in the Netherlands.

Technology companies normally occupy the top ranks in many areas of business, including dodging taxes, but this time they appear to have been beaten by the oil company ExxonMobil.

Finance ministers from EU countries have offered cautious support for a plan to draft new tax rules for multinational technology companies like Google and Facebook.

Four EU members have proposed that big multinational technology companies like Apple and Google should pay taxes in Europe on their revenue, and not profits.

Apple chief executive Tim Cook is keeping people guessing as to whether the company will repatriate its massive pile of cash stashed outside the US or leave things as they are.

Google's offices in Madrid have been raided by authorities as part of an ongoing tax probe, according to media reports.

The Australian Commissioner of Taxation has declared war on multinational tax avoiders. He is fed up with pathetic excuses for non-compliance and will use new powers to make them pay.

Apple’s favourable tax treatment in Ireland may soon come to an end as EU regulator the European Commission gets ready to act on findings initially made in June 2014. If the EC does force Ireland to comply with its tax findings, the decision could cost Apple €17 billion (AUD$27 billion) in Ireland alone plus several billion more in countries around the world, including Australia.

There was a touch of sweet and sour last night for both the technology industries and consumers in the pronouncements of the Federal Treasurer Joe Hockey as he delivered the 2015/16 Australian Federal Budget.

Watching the heads of the Australian arms of Google, Microsoft and Apple sit before a Senate committee and tell one whopper after another is an amazing experience.

Communications Minister Malcolm Turnbull says he will look at imposing GST on online ads sold from overseas by Google and others.

Peter Oppenheimer, the man who saved Apple billions with his creative tax avoidance schemes, has retired. The Apple CFO's timely departure comes just as the lengths the company has taken to avoid paying tax have reached the top of the political agenda in Australia.