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Remember those gas / fossil fuel merkins not paying any / much tax ? Well you can add Apple, Amazon, News Ltd etc to that list and be glad to hear that the loops holes just got much smaller.
Billionaire businesses dodging the taxman cop a reality check
They may not be breaking the law, but the taxes multinationals pay are not proportional to the profits they are raking in. That’s something laws passed earlier this week seek to change.
www.smh.com.au
Global minimum tax reforms pass the Senate
Legislation to introduce a 15 per cent global minimum tax and domestic minimum tax for certain multinational groups has now passed the Senate.
www.accountingtimes.com.au