10 Oct 1414
On transfer pricing
MEMBER 152 writes:
"I note the hysteria about large tech companies not paying enough tax in Australia.
I have a client base where we are trying to maximise the tax payable in Australia rather than in overseas countries. We are battling with overseas accountants that are interpreting the transfer pricing rules to disadvantage Australia.
The purpose of Double Tax Treaties is to stop double taxation which is now occurring because of inconsistencies between differing transfer pricing policies between countries. Can the G20 finance ministers please take a cold shower before they start ranting."