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Posts Tagged ‘tax’
Blog, Industry - Wednesday, March 19, 2014 15:42 - 7 Comments
blog Remember that year when search giant Google made revenues from its Australian operations estimated at north of $1 billion, but paid corporate taxes of just $74,000? Or the year that Apple made $6.1 billion in revenue but paid just $36 million in corporate tax? Yeah, good times, good times. Well, the good times may well be over for these technology giants, with the ABC reporting (we recommend you click here for the full article) that the Australian Taxation Office has (finally) set up a dedicated task force to tackle the situation. The site reports:
“The ATO will not say which companies it is looking into, but there is speculation that Apple and Google are on the list given recent accusations that they have been shifting profits among global subsidiaries as a way of lowering their tax bills.”
- Apple iTax: Made in Ireland, designed in the US
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The Federal Govt’s newest major ICT project
- Why Australia should tax Apple + Google less
- Tax heat intensifies on Apple Australia
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Zero tech/media experience
- Apple’s longest statement about Australia ever
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