The Australian Taxation Office issued a combined $2.9 billion in tax bills this month to seven multinationals, including Apple, Google and Microsoft. The ATO’s actions come three months before the effective date of Australia’s widely heralded diverted profits tax, known as the Google tax. Here’s what you need to know about this important legislation.
In this week's Global Glance, you’ll read about how to eat healthy meals when dining out, why one country’s tax authorities are targeting Netflix and other digital providers, and why solar-energy panels may be better off on large farms than on your roof.
U.S. institutions often send their U.S.-based faculty and staff to work abroad on short- and long-term assignments. Home campus administrators, often already overwhelmed by domestic compliance requirements, may be forgiven by their coworkers for making incorrect assumptions, but local authorities will not forgive an institution for failing to fulfill obligations when conducting activities in-country. Failure to comply can result in fines and reputational damage for the institution.This post lists some precautions you can take to protect your institution when sending faculty and staff abroad.