Australia - Diverted Profits Tax: A Multinational Nightmare
- A. Joseph
- International Transfer Pricing Journal, 2018 (Volume 25), No 3
- 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.