Adventure Ausrama Blog

Aussies make technology firms hand over their cash to state coffers. blog Australia makes multinationals pay more tax. An audit by the the OECD brought to light how much money the big companies owed. With countries toughening up the rules, it is becoming increasingly difficult for the tax avoiders to keep all the profit.  ⎳ Australia a Hits a Multinationals a With a New a Tax a Rules ⎳ The OECD recommended ways to stop the cash going to tax havens. Nations have taken notice and passed new legislation. Australia's rules are clear: if you earn in Australia you must hand over the tax.  Large businesses will have no choice.   ⦿3 Australia b Hits b Multinationals b With b New b Tax b Rules ⦿3 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. ...

This country has longer "proving" times for consumers. It means that a product must do what it expected to do for longer than in other countries. The public is well protected here. Fisher & Paykel a New Zealand company recently lost a court battle because it did not exchange faulty goods. Clearly, businesses do not like the protection laws. It is not only foreign firms like Apple that are ignoring or trying to circumvent Australian consumer laws. Harvey Norman, a large chain of franchises, has had five of its stores fined for not abiding by the law. Companies continue to fight to the High Court where all cases so far have been lost. The law is very clear - a product must serve its primary function for a decent period of time. If it doesn't, a refund or exchange for a new item must be given. Because firms are wasting court time the fines are increasing. They have reached $32,000. Besides the fines, stores are ordered to display signs setting out co...

Gone are the days of local business monopolies where shops, for example, had a higher profit margin so they could keep employees in secure employment for decades. In the past shopping centers didn't exist and a firm had a local licence. Only one type of business could operate in a regional center. If a shop had the fish licence and decided to sell only fish, no fish and chips , you as a customers had to go without a quick hot meal. The proportion of casual workers is increasing every year. Just how these employees manage to build up capital for retirement is anyone's guess. Holiday pay is said to be built into casual rates, but this is a myth. Such workers hardly ever take a day off because they will not get any pay. People worry more over job security than anything else. Despite all the troubles in the world, Macquarie University found employees experience more anxiety over losing their jobs than any other issue. This affects men more than women. Seventy per cent of...

It is claimed by "specialists" that Australian business failed to plan for the high dollar. They carried on without cutting basic running costs. With over 60 per cent of businesses being involved in international trade this is deemed to be a "sin". The American Express FX International found less than 40 per cent did nothing. The research body said it was surprised at this. It is hardly surprising in the real world where costs are kept as low as possible on a constant basis. How can a business have a program to tackle this problem when it is a daily matter of trading? Common sense would inform you that not much can be done. The market sets the price. The high dollar means firms get less profit when they receive payment in foreign currency. Running costs inside the international barrier in Australia continue to rise. Most international trade is done in US dollars and this has become very weak. It isn't much good longing for days passed when the exchang...