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Tax

Budget boost for ATO’s multinational tax tilt

The Tax Office has been armed with $111 million to implement a new minimum tax rate targeted at tax dodging multinationals. The government is expected to collect more than...

Tech giants in govt’s tax reform firing line

3 April 2023 | by Joseph Brookes

Tech giants moving the “apparent location” of their “bits and bytes” production to minimise tax will face tighter rules under the Albanese government’s multinational tax reform package, which took...

Big Tech and consultants’ ‘very small’ tax bill revealed

3 November 2022 | by Joseph Brookes

Global tech and consulting giants routinely engaged by government departments have been shown to be paying only a fraction of tax on multi-billion dollar local income in the latest...

Microsoft minimising tax on grand scale in Australia: Report

14 October 2022 | by Joseph Brookes

Microsoft is using a vast network of subsidiaries and tax havens to minimise the tax it pays in Australia as it holds lucrative government contracts to deliver public services,...

Microsoft shareholders push for better tax transparency

30 June 2022 | by Denham Sadler

Investors managing more than $506 billion in assets will push tech giant Microsoft to provide greater transparency of its tax practices around the world, including in Australia. Pensions &...

Federal govt bypassing AWS Australia for its US entity

16 June 2022 | by Denham Sadler

The federal government is continuing to sign lucrative contracts directly with Amazon Web Services’ US office rather than its Australian entity, despite an update to its whole-of-government agreement switching...

More than 20% of Amazon shareholders vote for greater tax transparency

30 May 2022 | by Denham Sadler

More than 20 per cent of Amazon’s shareholders voting for a proposal to force the tech firm to provide greater tax transparency provides a “strong signal” and should encourage the...

‘Landmark’ Amazon shareholder push for greater tax transparency

24 May 2022 | by Denham Sadler

Amazon will face a “landmark” shareholder vote pushing the global tech giant to provide greater tax transparency in Australia and the other countries it operates, following continual accusations of...

AWS, with $626m in federal contracts, pays ‘negligible’ tax: Report

24 May 2022 | by Denham Sadler

Amazon’s cloud business reported $600 million in revenue in Australia but paid only $16 million in tax in the 2020 financial year, with a global tax accountability organisation calling...

McKinsey has paid just $1m tax in Aust on $850m revenue since 2019

20 May 2022 | by Denham Sadler

Multinational consulting giant McKinsey paid “negligible” tax in Australia while winning more than $145 million in federal government contracts over the last three years, according to tax accountability experts....

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Tag: CICTAR

Budget boost for ATO’s multinational tax tilt

Tech giants in govt’s tax reform firing line

Big Tech and consultants’ ‘very small’ tax bill revealed

Microsoft minimising tax on grand scale in Australia: Report

Microsoft shareholders push for better tax transparency

Federal govt bypassing AWS Australia for its US entity

More than 20% of Amazon shareholders vote for greater tax transparency

‘Landmark’ Amazon shareholder push for greater tax transparency

AWS, with $626m in federal contracts, pays ‘negligible’ tax: Report

McKinsey has paid just $1m tax in Aust on $850m revenue since 2019

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Tag: CICTAR