Tag: AUSTRALIAN TAXATION OFFICE

Australia Implements New News Payment Policy Impacting Tech Giants

Dec 12, 2024

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by

Joshua Smith

in general invests

Australia’s new news payment policy mandates that major tech companies, including ByteDance, pay news publishers unless agreements are made. This initiative aims to secure fair compensation for journalism and comes as Australia’s unemployment rate declines to 3.9%. Additionally, rising support for Luigi Mangione, accused of murder, raises concerns about public narratives around violence and accountability…
31% of Companies in Australia Are Not Paying Tax: Exploring the Reasons Behind Tax Avoidance

Nov 4, 2024

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by

Oliver Henderson

in general invests

The ATO’s report indicates a significant portion of large corporations in Australia, 31%, pay no taxes despite the overall tax contribution increasing to A$100 billion. This situation highlights issues related to tax avoidance, particularly by multinationals using strategies such as transfer pricing and deductions. The necessity for clearer transparency and reform in tax laws is…