Taxing the tech giants: Less talk, more action

The likes of Apple, Google and Amazon are lining their coffers by shifting profits but without US support, multinational tax crackdowns will fail.

It’s no secret that companies including Apple, Google, Amazon, Uber, Airbnb and Ikea seem to pay less than their fair share of tax in Australia. Despite booking huge revenues from sales to Australian customers they are able to reduce their profits in this country by shifting profits to tax havens such as Ireland, the Netherlands, Luxembourg and the Cayman Islands, to name a few.

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