!@#$%^&*()(*&^%$!!! ... While one BCA – Blind Citizens Australia – did not fare so well this yuletide, another BCA – the Business Council of Australia – did quite nicely. Only a week earlier, the government had back-flipped on a proposed tax avoidance reform (Section 25-90) entailing some $600 million in tax deductions that multinational companies could claim on interest on their debts in offshore subsidiaries. Advertisement As it turned out, the stakeholders with whom the government had consulted before it made its decision were the big audit firms (whose best clients are the multinationals) and assorted peak bodies such as the Minerals Council of Australia....
Posted on: Thu, 01 Jan 2015 21:30:02 +0000
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