If all companies paid taxes on profits in the countries in which they are derived, this would largely negate need for global aid flows or development assistance, Foreign Minister Julie Bishop said recently. In his MYEFO, Treasurer Joe Hockey backflipped on a G20 pledge to regulate multinational tax avoidance, a move which contributes to developing countries losing an estimated $US35-160 billion in revenue each year.
Posted on: Wed, 21 Jan 2015 23:30:30 +0000
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