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 Disgusting extortion: Multinational companies will be stung with a 40 per cent penalty if found avoiding taxes in OZschwitz

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Location : Wabbit Hole
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PostSubject: 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.

https://au.finance.yahoo.com/news/enough-enough-tax-avoiding-firms-000113178.html
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Disgusting extortion: Multinational companies will be stung with a 40 per cent penalty if found avoiding taxes in OZschwitz

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