Posts Tagged ‘transfer pricing’
Analysis, Industry - Monday, May 26, 2014 14:09 - 5 Comments
analysis When Business Council of Australia chief Jennifer Westacott weighed in on plans for an Australian tax crackdown on multinationals last week, she warned the move could risk competitiveness and lead to companies being double taxed.
Last year the Australian government passed new laws to prevent multinational companies shifting their profits to avoid the payment of corporate tax. They did this as part of general effort amongst Organisation of Economic Cooperation and Development (OECD) countries to target profit shifting by companies who are located in multiple countries.
National and international tax regimes have struggled to keep up with technological developments which have made the global economy increasingly motivated and enabled by structures and assets which are intangible and therefore highly mobile.
- Crackdown: ATO targets eight major tech giants paying little tax
- Labor demands tax action on transfer pricing
- “Cloak of invisibility”: Husic on tiny Apple tax bill
- Digital disruption is eroding Australia’s tax base
- Australian Govt pledges action on Google tax avoidance
- Transfer pricing rules won’t affect Google tax
- Turnbull concerned by Google, Amazon tax offshoring