Fairfax’s 15.7pc tax rate draws Senate spotlight

Original article by Darren Davidson
The Australian – Page: 19 : 5-Feb-15

Claims by the Tax Justice Network that major Australian corporations are using strategies such as profit shifting to minimise their tax burden have sparked a Senate Economics Committee investigation. In a submission prepared by senior research fellow Sinclair Davidson of the right-wing ­Institute of Public Affairs, newspaper publisher Fairfax Media is accused of enjoying an effective tax rate of a mere 15.78% rather than the statutory 30% in 2013-14. Fairfax had in 2014 published articles on alleged tax avoidance by rival News Corp Australia

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, NEWS CORPORATION – ASX NWS, NEWS CORP AUSTRALIA PTY LTD, TAX JUSTICE NETWORK, INSTITUTE OF PUBLIC AFFAIRS LIMITED, AUSTRALIA. SENATE STANDING COMMITTEE ON ECONOMICS, RMIT UNIVERSITY, ROYAL MELBOURNE INSTITUTE OF TECHNOLOGY

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