Aust. government moves closer to massive new digital tax
- Thread starter themickey
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Ok, so in your book, this is good for the world....?
https://en.m.wikipedia.org/wiki/Base_erosion_and_profit_shifting
Base erosion and profit shifting or BEPS refers to corporate tax planning strategies used by multinationals to "shift" profits from higher-tax jurisdictions to lower-tax jurisdictions, thus "eroding" the "tax-base" of the higher-tax jurisdictions. The OECD defines BEPS strategies as also: "exploiting gaps and mismatches in tax rules"; however, academics proved corporate tax havens (e.g. Ireland, the Caribbean, Luxembourg, the Netherlands, Singapore, Switzerland, and Hong Kong) who are the largest global BEPS hubs, use OECD-whitelisted tax structures and OECD-compliant BEPS tools. Corporate tax havens offer BEPS tools to "shift" profits to the haven, and additional BEPS tools to avoid paying taxes within the haven (e.g. Ireland's "Green Jersey"). BEPS tools are mostly associated with U.S. technology and life science multinationals. Tax academics showed use of BEPS tools by U.S. multinationals, via tax havens, maximised long-term U.S. exchequer receipts and/or shareholder returns, at the expense of other jurisdictions.
What a mob of galahs you guys!
https://en.m.wikipedia.org/wiki/Base_erosion_and_profit_shifting
Base erosion and profit shifting or BEPS refers to corporate tax planning strategies used by multinationals to "shift" profits from higher-tax jurisdictions to lower-tax jurisdictions, thus "eroding" the "tax-base" of the higher-tax jurisdictions. The OECD defines BEPS strategies as also: "exploiting gaps and mismatches in tax rules"; however, academics proved corporate tax havens (e.g. Ireland, the Caribbean, Luxembourg, the Netherlands, Singapore, Switzerland, and Hong Kong) who are the largest global BEPS hubs, use OECD-whitelisted tax structures and OECD-compliant BEPS tools. Corporate tax havens offer BEPS tools to "shift" profits to the haven, and additional BEPS tools to avoid paying taxes within the haven (e.g. Ireland's "Green Jersey"). BEPS tools are mostly associated with U.S. technology and life science multinationals. Tax academics showed use of BEPS tools by U.S. multinationals, via tax havens, maximised long-term U.S. exchequer receipts and/or shareholder returns, at the expense of other jurisdictions.
What a mob of galahs you guys!
I know it's inconvenient for you, but I'll ask for a third time the questions you've been studiously avoiding. How does taxing SME advertisers of Google address your gripe? How is Uber "stealing from the poor"? If you want to start another topic about something completely different then start another thread or be clear that you're changing the subject, again I'm a progressive and I'm going to be as brutal about calling you out on throwing out unrelated sound bites from your bubble and ignoring inconvenient questions as I am when a conservative does it. More so because you make us all look bad.
It's great that all the extraction companies in n Australia never engage in tax schemes to minimize their tax burden, crazy how this is a new thing that Uber, which operates at a loss, is doing to protect their profits! Like I said, there's plenty of corporate bad behavior to go around in Australia, no need to make a fool of yourself targeting tech companies in a way that makes zero sense given your stated objectives. Seriously, you're weakening the progressive cause here with your lack of intellectual rigor, just stop.