1. Most Discussed
  2. Gainers & Losers

Corporate tax evasion

  1. moorookamick

    6,771 Posts.
    32
    Is Joe Hockey telling the Australian public what he is doing about multinational corporate tax evasion
    referred to in the UK as the "Google Tax".? Is he planning a tactic similar to the UK to clamp down on
    "contrived arrangements" and if avoidance is established, what revenue will the fines and back taxes yield?

    "But the most significant development is the UK’s solo run with its so-called Google tax, details of which were released on Wednesday by the UK treasury. The new tax is aimed at undoing the advantages of “contrived arrangements”, but if there’s one thing that’s clear after years of controversy over aggressive multinational tax planning, it is that the global structures established by major corporates are awash with what the public, correctly, consider to be contrived arrangements. It is clear, too, that the UK will assess these arrangements in relation to their effect on the national treasury. The risks in such a drift are obvious.
    Australia is thought to be planning an initiative similar to London’s. But such moves contradict what governments have said until recently, that the problem can only be addressed by way of internationally agreed rules. Hence the OECD’s base erosion and profit shifting (Beps) project."
    (Source: irishtimes.ie)

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top

Thank you for visiting HotCopper

We have detected that you are running ad blocking software.


HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.