Major 'shape-shifting' companies may face Australian tax

STARBUCKS, Google, Apple, eBay and other ''shape-shifting'' corporations that route their business through intermediaries in tax havens may soon face an Australian tax from which other corporations will be exempt.

The idea will be discussed at a special reference group set up to advise Treasury on a scoping paper setting out the extent of multinational tax minimisation and ways the Australian government responds.

The 14-member reference group is laden with critics of multinational tax practices, including ACTU assistant secretary Tim Lyons, Serena Lillywhite of Oxfam Australia, Jason Sharman of the Centre for Governance and Public Policy at Griffith University, Mark Zirnsak of the Uniting Church and Tax Justice Network, and Frank Drenth of the Corporate Tax Association.

Others appointed by Assistant Treasurer David Bradbury include the executive director of Treasury's revenue group, Rob Heferen, who will chair the group, Foreign Investment Review Board chairman Brian Wilson, former tax commissioner Michael D'Ascenzo and public policy specialist Greg Smith.

The only corporate representative is Ross Lyons, a tax executive at Rio Tinto.

Read more at Brisbane Times

Topics:  apple ebay google starbucks taxes

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Sharing cultures through food

DIG IN: Lockyer Valley Community Centre volunteers at the Harmony Day food tasting

Community centre hosts Harmony Day event

Gordon reflects on farming life in the Lockyer

LOOKING BACK: Laidley's Gordon Niebling says he has loved his farming life and living in the Lockyer Valley.

The self-proclaimed 'Jack of all trades”, Gordon Niebling.

Clare Atkinson Journalism Scholarship needs your support

IN HONOUR: Brightview's Lesley Atkinson is urging the public to help continue the Clare Atkinson Memorial Scholarship.

Help continue Clare Atkinson's legacy and the future of journalism.

Local Partners