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Old 22nd Feb 2018, 20:04
  #12 (permalink)  
tail wheel
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Join Date: Jan 1996
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Please learn to differentiate between companies collecting tax from third parties (PAYG, GST, ticket taxes etc) on behalf of the ATO and companies that pay tax on their own earnings.

One wonders why so many local subsidiaries of overseas companies continue to operate in Australia and pay no tax, presumably due to repetitious losses?

The ATO will never stop transfer pricing. One solution may be to impose a turn over tax on foreign entities and their local subsidiaries and affiliates who would pay a 1% turn over tax if "losses" result in non payment of Company Tax.
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