Country by Country (CbC) reports – ATO makes a ‘determination’ for exchange of these reports and makes a similar ‘arrangement’ with the USA

Tax Month - August 2017

The Commissioner of Taxation has made a ‘Competent Authority determination’ setting out the information he will require taxpayers to supply him with, as part of the ‘Country by Country’ (CbC) Reporting arrangements. The Commissioner set out an inclusive list of the information taxpayers may have to supply, in his web post. By way of introduction,…

Google, Microsoft, Apple, Facebook, the ATO and others report on the MAAL, their ATO audits and their restructuring – attracting public attention at the Senate Committee’s public hearing

Tax Month - August 2017

The Senate Economics References Committee inquiry into corporate tax avoidance has been running since 2 October 2014, whilst there had been much public concern about the amount of tax, and particularly Australian tax, various multinational household names paid – names like Apple, Google, Amazon, Microsoft, IBM and others has generated much publicity. Though it was only…

Corporate Tax Avoidance – Multinationals (including Apple, Microsoft, Google and Facebook) report progress with ATO and in restructuring (22 August 2017 public meeting of the Senate Economic References Committee)

Tax Articles

[From Australian Financial Review – 22.8.17] ATO hails tech giants’ $7 billion sales surge Facebook vice-president of tax and treasury Ted Price said his company was being audited for “most of the years in which we’ve been doing business” in Australia. Kate Geraghty Share on twitter by Joanna Mather The world’s biggest technology companies are…