Apple, Google and Microsoft have faced an Australian Senate inquiry into corporate tax avoidance on Wednesday
The tech giants have given evidence to a committee regarding the low amounts of tax paid locally in comparison to their profits. From the coy responses of the big three, one may come to the conclusion that the profits are lost somewhere in the Bermuda triangle.
All three companies admitted they are being audited by the Australian Tax Office, clarified that profits are being sent offshore but refused to be drawn on a myriad of questions from Greens senator Christine Milne, who initiated the inquiry. Read more...
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