RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Excellent: Tax haven explosion puts hole in OZschwitz corporate tax Fri Feb 13, 2015 7:49 pm | |
| Confidential documents obtained from the Tax Office under the Freedom of Information Act show Australia's corporate tax base is in crisis because of the explosion in tax haven dealings by multinational companies.
The alarming data in these internal documents is at odds with the public position of the Australian Tax Office (ATO), which maintains the tax regime in this country is functioning well and most large corporations pay their fair share of tax.
One of the most telling FOI findings is a comparison between real trade and international related party dealings. In 2012, Australia's largest trading partner, China, accounted for 20 per cent of total trade but just a fraction of related party trade, whereas Singapore and Switzerland accounted for 40 per cent of related party trade.
Read more: http://www.smh.com.au/business/tax-haven-explosion-puts-hole-in-corporate-tax-20150213-13dnh8.html#ixzz3RfycKIzo
_________________ Anarcho Capitalists Retail , OZschwitz Downunder BoutiqueAnarcho-Capitalists,AnCaps Forum,Anti-State,Anti-Statist,Inalienable Rights Defenders,Non-Aggression Principle,Non-Initiation of Force Principle,Rothbardians,Anarchist,Capitalist,objectivism,Ayn Rand,Anarcho-Capitalism,Anarcho-Capitalist,politics,libertarianism,Ancap Forum,Anarchist Forum,Vulgar Libertarians,Hippies of The Right,Forum for Anarcho-Capitalist,Forum for Anarcho-Capitalists,Forum for AnCap,Forum for AnCaps,Libertarian,Anarcho-Objectivist,Freedom, Laissez Faire, Free Trade, Black Market, Randroid, Randroids, Rothbardian, AynArchist, Anarcho-Capitalist Forum, Anarchism, Anarchy, Free Market Anarchism, Free Market Anarchy, Market Anarchy
|
|