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The truth about Malcolm Turnbull’s Google tax

Ross Gittins comments in the Sydney Morning Herald (18.5.16) on the federal government’s proposed crackdown on multinational company tax avoidance. He argues that this supposed taxation ‘reform’ is merely a counterbalance, for the benefit of voters’ perceptions, to the cut to the company tax rate announced in the recent budget.

‘So, Malcolm Turnbull and Scott Morrison are introducing a “Google tax” to ensure multinational companies “pay their fair share of tax in Australia”. Really? You could be forgiven for being sceptical.

‘Does the Coalition really want to crack down on their generous mates at the big end of town? And, even if they do, how do we know a Google tax will work?

‘My sceptical mind (professionally trained by 40 years of living and breathing politicians) can see it all.’

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