Location : Wabbit Hole
Job/hobbies : Cayman Islands Actuary
|Subject: Disgusting extortion: Multinational companies will be stung with a 40 per cent penalty if found avoiding taxes in OZschwitz Thu Feb 09, 2017 8:07 pm|| |
|Multinational companies will be stung with a 40 per cent penalty if found avoiding taxes in Australia.|
Treasurer Scott Morrison on Thursday introduced to parliament legislation for a diverted profits tax aimed at big businesses found shifting profits to other countries with low-tax regimes to avoid obligations in Australia.
"The Turnbull government has said enough is enough when it comes to multinationals diverting profits offshore," he told MPs on Tuesday.
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