MobileRead Forums - View Single Post - Inquiry into how Apple, Google and Microsoft rob Australians by not paying Aus taxes

Lynx-lynx · 04-08-2015, 08:34 PM

Yeah, I meant that title to read like that ..... those companies (and others) have been hauled before a Senate inquiry into corporate tax avoidance.

The inquiry by the Senate Economics References Committee is scheduled to hear evidence from Google, Apple and Microsoft and mining corporations BHP Billiton, Rio Tinto and Fortescue Metals Group. (Yep, the last three are enormously large Aus companies - I'm not only picking on the overseas companies!)

As the Apple bloke said in answer to a question he was asked by a Cttee member - when you buy an Apple product in JB Hifi (in Aus) then the transaction is between the consumer and JB Hifi. But then JB Hifi pays Apple Singapore with the proceeds of that consumer's payment. Therefore they avoid Australian taxes. Hissssssssss ....

An estimated $60 billion dollars worth of taxes go offshore.

How do these companies excuse such behaviour:We're not opposed to paying tax. What we're opposed to is being uncompetitive. Says Google's Maile Carnegie. (Hisssssss

)

Aus Broadcasting Corp Article: http://www.abc.net.au/news/2015-04-0...nquiry/6379024

Transcript - voice and written - http://www.abc.net.au/news/2015-04-0...idance/6379062

04-08-2015, 08:34 PM	#1
Lynx-lynx Treachery of images ... Posts: 4,123 Karma: 93720365 Join Date: May 2012 Location: Australia Device: Sony 650, Kobo Glo, H2O, Aura One, Forma, Libra 2, Libra Colour	Inquiry into how Apple, Google and Microsoft rob Australians by not paying Aus taxes Yeah, I meant that title to read like that ..... those companies (and others) have been hauled before a Senate inquiry into corporate tax avoidance. The inquiry by the Senate Economics References Committee is scheduled to hear evidence from Google, Apple and Microsoft and mining corporations BHP Billiton, Rio Tinto and Fortescue Metals Group. (Yep, the last three are enormously large Aus companies - I'm not only picking on the overseas companies!) As the Apple bloke said in answer to a question he was asked by a Cttee member - when you buy an Apple product in JB Hifi (in Aus) then the transaction is between the consumer and JB Hifi. But then JB Hifi pays Apple Singapore with the proceeds of that consumer's payment. Therefore they avoid Australian taxes. Hissssssssss .... An estimated $60 billion dollars worth of taxes go offshore. How do these companies excuse such behaviour:We're not opposed to paying tax. What we're opposed to is being uncompetitive. Says Google's Maile Carnegie. (Hisssssss ) Aus Broadcasting Corp Article: http://www.abc.net.au/news/2015-04-0...nquiry/6379024 Transcript - voice and written - http://www.abc.net.au/news/2015-04-0...idance/6379062 Last edited by Lynx-lynx; 04-08-2015 at 10:45 PM.