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13 Dec 2018 E-commerce and digital economy outcomes for the Tax Avoidance Taskforce

The rapidly evolving nature of the e-commerce and digital economy industry has significantly transformed the way multinational enterprises (MNEs) conduct their operations resulting in complex arrangements and emerging business models. This has led to highly complex and often unique business and financial structures for these companies. 

As a result of the proliferation of artificial structures aimed at tax minimisation, the industry was chosen as a focus area in the ATO’s ongoing efforts to ensure an even playing field for all taxpayers. 

Taskforce focus on e-commerce and digital economy industry 

As part of the work undertaken by the Tax Avoidance Taskforce, the ATO has done substantial compliance work focusing on the e-commerce and digital economy industry. 

Multinational enterprises (MNEs) operating in this industry have significantly increased the profits declared and the tax they pay in Australia as result of the ATO’s efforts. 

Read more here.

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