My taxation philosophy is simply stated: if a company earns money in a country then the company pays taxes in that country without using tax evasion schemes.
Okay, for those of you in the US what do you think that US$1.7 trillion (it would be more now) could do for your country and it's people?
Quote:
National governments need revenue and they want to ensure that US multinationals deriving income from within their borders pay an appropriate amount of tax, which is not unreasonable. In these source countries, US multinationals get the benefit of infrastructure and reliable legal systems provided by governments.
Unlike national governments, US multinationals engaging in aggressive tax avoidance are well funded. US multinationals are estimated to be holding more than US$1.7 trillion in undistributed foreign earnings. One of the largest tax avoiders is Apple Inc, which in 2013 was reported to have US$102 billion in offshore untaxed foreign earnings.
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http://theconversation.com/multinati...rackdown-23421
For those posters that didn't understand why the law hasn't changed in Aus as yet, then please go back and read the links attached to my posts. Simply put - the way the aggressive schemes work is still being understood and international cooperation is often required.
I'd be more concerned about why the schemes aren't being discussed, investigated and inquired upon by government committee in your country then wondering why on earth we here in Aus would want our taxation dues to be paid by multinationals.