a journalist finally puts into words (what I've been prattling about) just how rapacious the new corporate model is and how it will bring about the collapse of capitalism unless those politicians caught like rabbits in headlines react.
This applies worldwide
After 9/11 the USA successfully threatened numerous tax exile countries like Caymans etc over banning accounts held on behalf of terrorist organisations...it can be done.
www.smh.com.au/business/comment-and-anal...-20140509-37z0y.html
Google Australia cut the ribbon on its new offices on the foreshore of Darling Harbour in mid 2009. The "Googleplex" is just a stone's throw from the Sydney headquarters of Fairfax Media.
Fairfax paid $175 million in tax that year. Google paid zero. Last year, their revenues in Australia were roughly $2 billion apiece, but Google's total tax expense was only $466,802 while Fairfax, although reeling from a $275 million pre-tax loss, still paid $38 million in tax on top.
We will dig more deeply into Google's tax shenanigans shortly - and show how the company whose motto is "Don't be Evil" is paying a tiny fraction of what it should - and the dire implications for government. In the meantime, some context:
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