The aim is to vet investments from countries that fail to comply with international standards, Mr Bowen said.Mr Leigh argued the Federal Government's Diverted Profits Tax had not been effective on the royalties issue, and Labor would deny multinationals a tax deduction for questionable royalties paid to a related party overseas by a firm with $1 billion or more of global turnover.
The PBO estimate, based on Labor's specifications, assumes that related party money is not being taxed correctly or fairly, because the overseas jurisdiction where the money is being sent — often the low-tax nation of Singapore — is not taxing as high as it could. Mr Robert said the Federal Government had been a key player at the G20 and the OECD on setting rules to combat multinational tax avoidance.
Australia could be one of the world's earliest movers in introducing an interim tax on digital companies. In 2015, Uber told a Senate corporate tax avoidance inquiry that about 25 per cent of each transaction in Australia was routed to its head company in the Netherlands. The tech giants' sales have also soared, but tougher anti-avoidance laws have not been able to stop the legal practice of advertising revenue getting channelled via low-tax countries like Singapore.
Why did Shorten vote against clamping down on multinational tax avoidance? AusVotes19 auspol19
How multinationals shift billions in revenue offshore and what Liberal plans to do about it?
get mad Australians as these multinationals are milking Australians & Scott Morrison & LNP stand by & watch billions go out the door to tax havens. How many hospitals, schools & life saving PBS medications could have been done SkyNewsAust newscomauHQ 9NewsAUS billshortenmp
Labor trotting out the same election promises each and every election. Anyone who subscribes to the theory that Labor is for the 'working man' is delusional.
How is it impossible for an average Aussie to send over 10K oversees without drawing attention and taxes yet multi nationals can send Billions and not raise an eyebrow.
Just imagine if we taxed them on revenue, or even disallowed payments against off shore loans, especially loans by parent companies.
outrageous Many coal &gas miners have been paying zero tax We have been defrauded of billions Norway &Qatar get more tax than us For $23bils export we only got $600k tax PEANUT A fraud
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Labor backed $1.7b hospital deal with tax-haven linkLabor approved a $1.7 billion foreign takeover of Australia's largest private hospital operator by two Cayman Islands-linked companies when it was last in power | ErykBagshaw ColinJKruger ErykBagshaw ColinJKruger HOSPITAL Morrison Govt, Over the last five years, funding for hospitals has increased by 63.2 per cent. ErykBagshaw ColinJKruger Why can’t there be caveats that prevent governments and political parties from doing business with entities that trade through offshore tax havens? Doing business via tax havens doesn’t pass pub tests, why should it pass government criteria? ErykBagshaw ColinJKruger Your previous stories on Brookfield/Healthscope made no reference to Brookfield connection to Cayman Is. Only when MichaelWestBiz did story did you research back 7-8yrs on Labor. Did you know about Brookfield/CI connection when you wrote previous stories?
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Labor demands Liberals dump Jessica Whelan as the police get called inLabor demands Scott Morrison dump Liberal candidate Jessica Whelan as the party calls in the Federal Police. yeah funny how the libs didnt meet nazis, didnt say homophobic anti muslim things, they didnt dog whistle, didnt buy overpriced ghost water, didnt knife there boss, didnt lie about citizenship, didnt bang their staffer, didnt live in manilla. 6yrs of always someone elses fault 🤣 Australia demand we dump criminal Shorten and crooked Labor...!!! Referring it to the police effectively closes down the issue until after the election.
Source: abcnews - 🏆 5. / 83 Read more »
Labor will not rule out scrapping $6 billion health insurance rebateLabor health spokeswoman Catherine King has set up a pre-election fight with the Morrison government over the cost of premiums. Dana_Adele But it has promised to cap premium increases at 2%, $2.8 billion more than the government on hospitals ... along with $2.3 billion on cancer treatment and $2.4 billion on public dental care. AUSVote2019 auspol Dana_Adele Excellent - a poor use of taxpayer dollars Dana_Adele Trust labor as far as you could throw them😠😢
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Tony Abbott warns Zali Steggall 'protest vote' could lead to Labor win in heated TV debateTony Abbott and Zali Steggall go head-to-head in a televised debate for the seat of Warringah — with the former Prime Minister warning that a protest vote for the Independent candidate could lead to a Labor government. Heavens to Betsy...not a protest vote & a Labour win. *clutches pearls* That's the idea T-Bone. Excellent news
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Labor plan to mandate 'healthy' recipesIn an attempt to tackle obesity in Australia, Labor plans to control how Australian food is made. 9News But their welfare policies encourage people to be like the picture! Just say’n! Labor has no idea. Them and their ridiculous promises. Recipes? What about policy costings first auspol19 ausvotes Australia Just shame people into losing weight. That's the super secret behind why Asians are all thin. They fat shame relentlessly lol
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Labor pledges 'locked-box' fund to pay for disability insurance schemeFederal Labor promises to set up a special fund to pay for the National Disability Insurance Scheme if it wins the election. Good...it’s a disgrace the Coalition pulled billions out to pork barrel and blow on vote bribing handouts Here’s a thing..... don’t hold back funding that was earmarked for the NDIS. That would be a fabulous start and you’d already be one up on the opposition 🙄 And they’ll be using every $3 bill in the country to pay for it!
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