Messing around with intercompany transfers between international branches to artificially reduce income will also face obstacles. The mother conpany providing overpriced inputs to outlying branches will end. Microsoft, Apple and Google have had their wings clipped. ⧗ Australia c Hits c Multinationals c With c New c Rules ⧗
Like the United States, Australia plans to lower the corporate tax rate. Soon countries like Ireland will lose out as money flows elsewhere. There will be a race to the bottom as governments move the rate lower and lower.