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 January 2017, the Australian Taxation Office (ATO) published new guidance on transfer pricing. The publication is part of a trend of tax authorities in all jurisdictions cracking down on profit shifting. This post provides some important steps you can take to ensure your organization stays compliant with evolving corporate tax laws.
The Australian Government issued its 2016 Federal Budget yesterday, and there are significant implications for multinationals operating there. This post is a summary of important points covered in the announcement, with an emphasis on foreign businesses.
Our advisors' expertise and experience helping clients overcome compliance challenges of the moment put them in a great position to predict the global trends multinationals need to be aware of in 2016. Here are three of our top advisors for their informal takes on what to watch for in 2016.
In this week's Global Glance we look at how Netflix’s world domination is almost complete, VW’s mounting legal troubles and the latest Big Mac index.
Under pressure to raise money, governments around the world, particularly in North America and Europe, are investing more resources into their taxing authorities to increase audits and enforce violations more rigorously, collecting money on transfer payments they judge as not meeting the standard.