Mojo ♻️Dec 4, 2024

Not a peep from Australia's mainstream media! The Accountability and Corporate Transparency Coalition has praised the Australian government for passing world-leading tax transparency laws. These laws will require many large multinationals, including up to half of all major U.S. firms, to publicly report country-by-country tax and financial data for high-risk jurisdictions linked to profit shifting and tax avoidance. A big step forward for accountability!

#taxtransparency #australiangovernment #corporateaccountability #profitshifting #taxavoidance #multinationals #auspol

https://thefactcoalition.org/australia-public-cbcr/

FACT Applauds Australia’s Passage of Groundbreaking New Tax Transparency Requirements for Major Multinationals

Many companies, including as many as half of all large U.S. multinationals, will soon begin publicly reporting tax and other financial information for a range of high-risk jurisdictions typically associated with profit shifting and related tax avoidance schemes.

The FACT Coalition
Simon BrookeSep 5, 2024

Just been listening to people on a Podcast claiming that the UK government can't effectively tax multinationals because #ProfitShifting. This is bogus.

Profit Shifting is blatantly tax evasion, so prosecute it as tax evasion; maximum penalty is life imprisonment. If the law needs tightened to make it clear that it's tax evasion, that would be a popular change.

https://taxjustice.net/faq/what-is-profit-shifting/

>>>

What is profit shifting? - Tax Justice Network

Profit shifting is a technique used by multinational corporations to pay less tax than they should that involves a multinational corporation moving the profit it makes in the country where it manufactures products or sells good and services into to a tax haven. By shifting profit into a tax haven, the multinational corporation underreports the […]

Tax Justice Network
Show threadGodfrey642Aug 29, 2023

@wildwoila
None of us should vote for ANY government ever again that doesn't have rigorous wide-reaching achievable FUNDED #climatechange policies centre stage. Oh and taxing the big corps (domestic and international) to fund what needs to happen.

https://www.sbs.com.au/news/article/profit-shifting-a-huge-issue-for-australia/3jregjy41

#climateactionnow #climate #climateaction #profitshifting

Profit-shifting a huge issue for Australia

Deputy Treasury secretary Rob Heferen says profit-shifting is a huge issue for Australia because of its heavy reliance on corporate tax.

SBS News
Show threadHistoPol (#HP) 🏴 🇺🇸 🏴Jul 8, 2023

@iameru @ana_krchdrfr

(4/n)

...#Großunternehmen ab 750 Mio. #Gruppenumsatz. (2)

Dies ist dennoch ein gewaltiger Fortschritt!
2008 wurde der deutsche #Körperschaftssteuersatz von 25% auf 15% gesenkt. (3)
Hinzu kommt jedoch noch die nicht unerhebliche #Gewerbesteuer.

Für alle Steuern auf #Gewinneinkünfte über 15% ist man wieder im Bereich des internationalen #Steuerwettbewerbs.
Fiktive #Gewinnverlagerungen (#ProfitShifting) z.B...

(2)
https://www.bundesfinanzministerium.de/Content/DE/FAQ/faq-globale-mindestbesteuerung.html

(3)
https://de.m.wikipedia.org/wiki/K%C3%B6rperschaftsteuer_(Deutschland)

Fragen und Antworten zur globalen Mindestbesteuerung - Bundesfinanzministerium - Service

Was wird bei der Unternehmensbesteuerung konkret geändert? Welche Unternehmen sind betroffen? Und wie wird sichergestellt, dass die Mindeststeuer tatsächlich bezahlt wird? In unseren FAQ beantworten wir Ihnen die wichtigsten Fragen zu einer der größten Reformen der internationalen Besteuerung von Unternehmen.

Bundesministerium der Finanzen
MorganaLeFayJun 3, 2021

RT @[email protected]

Eight tech companies in the UK - Amazon, eBay, Adobe, Google, Cisco, Facebook, Microsoft, and Apple - avoided an estimated £1.5bn in 2019. These tech companies made an estimated £45.4bn in revenue and £9.6bn in profit from sales to #UK customers in 2019! #ProfitShifting #Taxes

🐦🔗: https://twitter.com/Peiratesoneirou/status/1400338577612062720

peiratestouoneirou on Twitter

“Eight tech companies in the UK - Amazon, eBay, Adobe, Google, Cisco, Facebook, Microsoft, and Apple - avoided an estimated £1.5bn in 2019. These tech companies made an estimated £45.4bn in revenue and £9.6bn in profit from sales to #UK customers in 2019! #ProfitShifting #Taxes”

Twitter