Toughened laws take a bite from Apple and co

Original article by Adam Creighton, Andrew White
The Australian – Page: 1 & 6 : 29-Jun-18

Microsoft, Google, Facebook, and Apple collectively paid Australian taxes of $A616 million in the most recent financial year. This represents an increase of 160 per cent over the previous corresponding period. Anthony Ting from the University of Sydney says the Multinational Anti-Avoidance Law appears to have resulted in the large US technology firms booking more of their revenue in Australia. However, he believes that there is scope for more tax to be recovered from them.

CORPORATES
MICROSOFT CORPORATION, GOOGLE INCORPORATED, FACEBOOK INCORPORATED, APPLE INCORPORATED, UNIVERSITY OF SYDNEY, AUSTRALIAN TAXATION OFFICE, KPMG AUSTRALIA PTY LTD, ONE NATION PARTY

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s