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Australia - Diverted Profits Tax: A Multinational Nightmare

Country:
Australia
Author:
A. Joseph
Issue:
International Transfer Pricing Journal, 2018 (Volume 25), No 3
Published:
24 April 2018
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.
 
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