The Traderszone Network

Published in TZ Latest News 16 December, 2015 by The TZ Newswire Staff

Australian tax office names names in multinational avoidance row

Australian tax authorities on Thursday took the unprecedented step of publishing the records of hundreds of companies, including Google Inc (GOOGL.O) and Apple Inc (APPL.O), which show they paid little or no tax on their in-country earnings. Of more than 1,500 largely foreign-owned companies which reported total earnings over A$100 million ($72.11 million) in the 2014 financial year, more than a third paid no tax, the Australian Taxation Office data showed.

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