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Showing posts with the label gargantuan

Inquiry Into Tax Dodge by Tech Giants is a Lie Fest

It amazes me how people can blatantly lie, and continue to lie, when everyone else knows the truth. There is a Senate inquiry in Australia into big companies, mainly tech giants, avoiding tax that is owed to this country. Mr King, the head of Apple Australia strongly denies that the company is reducing its tax payments through questionable methods. Fair "crack in the door mate" we all know what is really going on. Is Ireland involved in these methods? Apple and Google are the major companies targeted by the inquiry. Britain is planning to regulate to make them pay what is due there. Other countries are watching to see what Britain does. Of course, the easiest way to get money out of the tech megaliths is to introduce a revenue tax irrespective of profit, because it is profit that is being skimmed off subsidiaries by head office for non-existent services. The Australian Tax Office wants its pound of flesh from internationals as it does from locals. Last year Apple p