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Tarvold

23,230 Posts.

1261

07/05/23

15:30

Post #: 67646365
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Originally posted by moorookamick: ↑

IMO Multinationals should be taxed on their Aus revenue;
not their declared Aus profits which in many cases are nil
despite realising massive global profits.

A case in point is Shell.

Shell globally declared a profit for the Mar Qtr 2023 of $10
billion USD despite it not expecting to pay any Aus corporate tax
until 2026.

And this is merely one example out of hundreds

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If you did that no multinationals would operate in Australia, as a market Australia is peanuts.
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