Tax Policy

Swings and tax roundabouts…

“Google should pay more tax in Australia. If their customers are in Australia, that is where they should pay tax…” So I was told today. My response…

One of Australia’s biggest tax payer, Rio Tinto, sells 35% of its products to China but pays all its tax (almost all) in Australia. If you believe in “customer location” taxation, then you believe in bankrupting Australia…

“No. Australian companies still return their income in Australia but multinationals have to pay more”… I can’t even begin to start to answer this response…

It would be nice if people complaining about what tax multinationals pay understood there are other countries in the world that also have tax systems to pay for their schools, hospitals…

By Ken Mansell

As a stay at home Dad most of the week this is my way of pretending I am still the tax counsel of ASX and SEC listed companies, working at big 4 firms, working at the Federal Treasury, on the Henry Review and at Parliament House for the previous government.

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