Taxation

A 2-post collection

Profit Shifting – Unethical and Disgraceful

This month it was revealed 343 Australian and foreign companies had forged secret tax deals with Luxembourg to siphon profits into tax havens to slash their tax bills – some to nearly nothing. What happens when big multinational companies use the infrastructural benefits of one country to generate income and then park the major portion of that income in another country in order to take advantage of favourable tax laws in that low tax country? The country that actually helps the business to prosper loses their fair share of tax and the country in which the income is parked is rewarded for doing nothing other than being a low tax country. This is not only deceptive but distorts the world economy...

A Knowledge Economy Needs a Digital Currency

Whilst we have been ripping off music and cheering as software and news became free, the work we were doing every day increasingly relies upon respect for and valuing of intellectual property. But as free software, music and news have undermined the value of intellectual property we have undermined the very basis for our emerging knowledge economy. When the advertising revenue streams for our major newspapers are taken by Google because they can freely place their ads alongside any newspaper content then who will be paying the salary of the investigative journalist working on the next Watergate break in? It is not the sensational story that is important it is the constant enquiry into the power and politics of every...