InfoAnda - Australian tax crackdown to target Google, other multinationals |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Palin: Couric questions weren't unfair | Entertainment | | 11 November 2008
Rowling offers Potter fans a gift with new book | 4 December 2008
Wall Street sequel set to rally at box office | | 24 September 2010

Pope's shame and remorse over Irish child sex abuse | | 20 March 2010

Forum Views () Forum Replies ()

Read more with google mobile : Australian tax crackdown to target Google, other multinationals |

Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Investing Simplified Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB Dividends World World Home U.S. Brazil China Euro Zone Japan Africa Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Nader Mousavizadeh Lucy P. Marcus Nicholas Wapshott Bethany McLean Anatole Kaletsky Zachary Karabell Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Reihan Salam Frederick Kempe Christopher Papagianis Mark Leonard Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Counterparties: Today's Best Links The era of personalized pricing Technology may soon determine what price you pay for basic goods like a beer at your local pub, the BBC reports. Read more at Counterprarties The "largest insider trading case ever charged" Marc Andreesen has some explaining to do Get Counterparties by email! Follow Reuters Facebook Twitter RSS YouTube Read Samsung wins U.S. court order to access Apple-HTC deal details 1:47am EST Twinkies bakers say they'd rather lose jobs than take pay cuts 21 Nov 2012 Hamas-Israel ceasefire takes hold but mistrust runs deep | 2:27am EST 4D scans show fetuses yawn in the womb | 21 Nov 2012 Boxing champ Hector Camacho on life support after shooting 21 Nov 2012 Discussed 139 Egypt PM to visit Gaza in support of Hamas against Israel 109 Gaza truce pressure builds, Cairo in focus 106 Israel, Gaza fighting rages on as Egypt seeks truce Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more Gaza conflict Our latest pictures from inside Israel and Gaza. Slideshow Battle for Syria Rare scenes from the fighting inside Syria. Slideshow Sponsored Links Australian tax crackdown to target Google, other multinationals Tweet Share this Email Print Related News Wal-Mart moves up dividend to avoid "fiscal cliff' Mon, Nov 19 2012 On eve of fiscal cliff talks, positions harden Thu, Nov 15 2012 Obama says tax hike will have to come first in "fiscal cliff" deal Wed, Nov 14 2012 UK lawmakers slam Starbucks, Amazon and Google on tax Mon, Nov 12 2012 Obama insists on tax hike for rich as part of fiscal deal Fri, Nov 9 2012 Analysis & Opinion Essential reading: Politics complicates the math in ending tax breaks for rich, and more Taxes: Why tinkering beats wholesale overhaul Related Topics Investing Simplified » Tech » Media » CANBERRA | Thu Nov 22, 2012 1:22am EST CANBERRA (Reuters) - Australia released draft revisions to tax laws on Thursday, which it said were designed to stop big firms, including the local arm of Google, from shifting their income to countries such as Holland or Ireland where the tax rates are lower. The move is in line with a push by Britain and Germany who want the G20 group of nations to make multinational companies pay their "fair share" of taxes, following reports of large firms exploiting loopholes to shift taxation of their income away from where they are generated. Australia's Assistant Treasurer David Bradbury said the tax laws were being revised to ensure that companies pay tax on profits made in the country, citing the case of Google Australia. "While the day-to-day dealings of Australian firms advertising on Google might be with Google Australia, under the fine print of contracts Australian firms sign with Google, they are actually buying their advertising from an Irish subsidiary of Google," Bradbury said in a speech to accountants in Sydney. "It is then argued that the source of this income - and therefore the taxing rights under our tax treaty - would be with Ireland rather than Australia." Australia's company tax rate is 30 percent, compared to Ireland's rate of 12.5 percent. Google Australia would not comment directly on Bradbury's comments, but said it complied with all local tax laws. "We make a significant contribution to Australia's economy by helping thousands of businesses grow online, providing services to millions of Australians at no cost, as well as employing 650 people locally," a Google spokesperson said in a statement. "We abide by all Australian tax laws." Bradbury said Google's tax structures involved complicated royalty payments to a Dutch subsidiary which is paid back to another holding company controlled in Bermuda, where there is no corporate tax. "The profits from the sale of advertising to an Australian firm then sit in a tax-free jurisdiction - possibly indefinitely," Bradbury said. In October, a Reuters report showed Starbucks had legally lowered its UK tax bill with inter-company loans, paying royalty fees to foreign subsidiaries and allocating money made in the UK to other units in so-called "transfer pricing". In other recent reports, companies including Apple have come under scrutiny for their approach to paying taxes. ($1 = 0.9665 Australian dollars) (Reporting by James Grubel; Editing by Sanjeev Miglani) Investing Simplified Tech Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Thursday, 22 November 2012
Suicide bomber kills 13 in Pakistan's Rawalpindi: TV |
Morocco police break up jobs protest ahead of budget debate |
Congo's The Terminator: at large but out of sight |
Putin says Russia's economy to suffer from WTO entry |
Facebook to share data with Instagram, loosen email rules |
Holiday online spending has early, strong start: comScore |
McCartney, Houston, Dylan lead Grammy Hall of Fame inductees |
One Direction make Billboard history, hold off Aguilera, Del Rey |
A Minute With: Guillermo del Toro on Rise of the Guardians |
Pop art godfather Blake still the outsider at 80 |
Lindsay Lohan, Liz Taylor and pages of what ifs for TV's Liz & Dick |
Hamas-Israel ceasefire takes hold but mistrust runs deep |
Analysis: Relief at Gaza ceasefire can't mask its frailty |
Syrian jets blast rebels in Damascus suburb |
Sudan makes arrests after foiled sabotage attempt: state-linked media |
Pakistan Taliban vow to attack Indian targets over Mumbai gunman |
Pakistani Shi'ites receive death threat text messages |
Bomb explodes outside Greek deputy prosecutor's home |
Afghan president demands release of U.S.-held prisoners |
Samsung wins U.S. court order to access Apple-HTC deal details |
Australian tax crackdown to target Google, other multinationals |
Analysis: Intel Inside
Rihanna's Diamonds tops Hot 100, Unapologetic to debut big |
Justin Bieber will not face charges from paparazzo run-in |
Japanese mascots go beyond cute to master trade |
Opera boss gets top job at scandal-hit BBC |
Sudan says arrests ex-spy chief after foiled plot |
Protesting Greek municipal workers occupy town halls |
Kenya political campaign puts gay taboo in spotlight |
Colombia FARC rebels free four Chinese captives held since mid-2011 |
PM takes finance portfolio in new Ivorian government |
Italy's lower house approves Monti's budget plans |
Congo army fights back as rebels hold Goma |
RIM shares rally as optimism around new devices grows |
Fitch cuts Sony, Panasonic debt ratings to junk status |
Orange launches smartphone app for free calls, texts |
Rolling Stones aim to roll back years with reunion |
McCartney joins lineup for UK soccer disaster song |
Narnia author Lewis to be honored at Poets' Corner |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01