It’s been a golden era for Google Australia, Netflix Australia and Facebook Australia. Bunkered in pandemic lockdowns, Australians spent record time on their screens. How then did the digital giants rake in so much cash but pay so little tax? Michael West looks at the tall tales the multinational tax dodgers tell the Australian Tax Office.
Coinciding with the drama of the election, a slew of the world’s biggest companies have just quietly dropped their financial reports, a once-a-year affair which affords us a glimpse into how they, with their plotting advisers from EY, KPMG, Deloitte and PwC, are robbing Australia on the tax front.
We say “quietly” because they don’t post this important stuff on their websites. They hide it their statutory reports, furtively filed to the corporate regulator ASIC.
The Story: https://michaelwest.com.au/californian-fairytales-what-google-facebook-and-netflix-told-the-australian-tax-office/
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Michael West established Michael West Media in 2016 to focus on journalism of high public interest, particularly the rising power of corporations over democracy. West was formerly a journalist and editor with Fairfax newspapers, a columnist for News Corp and even, once, a stockbroker.
