Multinational corporations dispute billions in tax bills as ATO profit shifting crackdown ramps up – ABC News

Almost 200 companies have been hit with $2.5 billion in tax bills over the past financial year alone, after using tactics including mispricing loans and channelling income into low-tax jurisdictions such as Singapore.
Key points:

• The ATO is hitting more companies with tax bills after witnessing continued use of aggressive tax structures
• A key issue is companies failing to account for value created in Australia, such as intellectual property
• The tax disputes come as more…

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