21-10-2023, 08:15 AM
(21-10-2023, 07:24 AM)Scythian Wrote: Singapore regional HQ collected billions corp taxes from 1400 Ozzie companies setup HQ to solely avoid tax.
Example
Google's advertisment and revenues collected over A$2 bil a year and paid to ATO tax of A$47,000 in one year
While book keeping in Singapore HQ, and paid 0.2% corp taxes over S$5,000,000 to IRA in Singapore.
Australian companies must thanks Singapore...cheers! 😊