Why is Australia’s $10bn tax on offshore investments a problem?
A report by the Australian Taxation Office has found Australia’s offshore tax system is “in need of reform” and the country needs to consider a “fair and transparent approach” to taxing the profits of foreign-owned companies.The report, commissioned by the Prime Minister, said a “dive shop” should be a “first priority” in any government’s tax planning.But the Prime Minster said […]