The Frustrated State: How terrible tech policy is deterring digital Australia
Written by Delimiter's Renai LeMay, The Frustrated State will be the first in-depth book examining of how Australia’s political sector is systematically mismanaging technological change. Click here to help fund it on Kickstarter.
No Brother: Science fiction, martial arts & Australia's darkest city
Set in Australia's darkest city, No Brother is a vision of a future where martial arts discipline intersects with power, youth and radical technological change. It is the first novel by Delimiter's Renai LeMay. Click here to help fund it on Kickstarter.
Posts Tagged ‘tax’
Industry, News - Thursday, May 1, 2014 14:37 - 4 Comments
news Despite annual revenues estimated at north of $1 billion and increasing profits made from advertising and services sales to Australian customers, the Australian division of global search giant Google has revealed it paid almost no local tax in the 2013 calendar year, as outrage over the situation continues to grow in the local community.
Overnight the company published its latest set of financial results for the year to 31 December 2013. They revealed that its claimed local revenues had risen 33 percent to $357.7 million in the period, with profits rising 47 percent to $46.1 million. However, over that period, Google paid only $466,802 worth of corporate income tax.
Google’s own calculations published in its financial statements note that the correct corporate tax rate of 30 percent would have resulted in about $14 million worth of taxes being due. However, offsets and deferrals brought that sum down substantially, meaning the search giant barely contributed to the Australian Taxation Office’s coffers in the 2013 year. The situation also comes despite the fact that analysts have consistently pegged Google Australia’s actual revenue as being around the $1 billion mark — much higher than the company discloses. Continue…
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