Diverted Profits Tax: A Multinational Nightmare

Journal
Author
Joseph, A.
Country
Australia
Published Date
Issue
International Transfer Pricing Journal 2018 (Volume 25), No. 3
FormatPDF
EUR
45
| USD
50 (VAT excl.)

Following the example of the United Kingdom, Australia introduced a penal tax to discourage the diversion of profits by multinationals. In the current situation, where there is a growing demand to regulate large companies in certain aspects of their activities, it is no surprise that Australia has decided to impose a very high rate of tax on diverted profits.