Australian Govt pledges action on Google tax evasion | Delimiter

The Australian Government has outlined a series of new legislative initiatives with which it will attempt to protect its corporate tax base and rein in the tax minimisation strategies of corporations such as search giant Google, which expects to pay just $74,000 in corporate income tax for the 2011 calendar year in Australia, despite making an estimated $1 billion in local revenue.

via Australian Govt pledges action on Google tax evasion | Delimiter.

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One thought on “Australian Govt pledges action on Google tax evasion | Delimiter

  1. Shouldn’t Google take corporate responsibility and stop funneling income through different countries to avoid paying taxes? Just because Google “had engaged with the Government constructively on many issues,” they shouldn’t think that they can get away with tax fraud. Yes, they are an important innovator and significant to the economy in Australia, but they would be even more significant if they pay the proper taxes. Other corporations in Australia are important for their economy as well, maybe they are not as big as Google, but they are still important. They would not be able to get away with funneling income through other countries in order to avoid paying corporate taxes either.

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