$5bn hit targets tech giants

Original article by Nick Tabakoff
The Australian – Page: 1 & 6 : 30-Nov-17

Australian Taxation Office commissioner Chris Jordan says its clampdown on multinationals has unearthed $A5 billion in unpaid taxes in just 16 months. Jordan claims that multinationals have tried to intimidate the ATO into giving them reduced assessments, and that they have tried to "bamboozle" him with excessive documentation and diagrams. Jordan is particularly critical of the manner in which Google has structured its business affairs in Australian to avoid paying as little tax as possible.

CORPORATES
AUSTRALIAN TAXATION OFFICE, GOOGLE INCORPORATED, GOOGLE AUSTRALIA PTY LTD, FACEBOOK INCORPORATED, AMAZON.COM INCORPORATED, MICROSOFT CORPORATION, CHEVRON CORPORATION, JB HI-FI LIMITED – ASX JBH, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

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