Page 3 - உள்ளடக்கியது கட்டமைப்பு உறுப்பினர்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Australia has signed the global initiative to wrestle profits back from tech giants like Google and Facebook. It could net the country an extra $3 billion tax revenue a year. Bianca Healey (Photo by Alex Tai/SOPA Images/LightRocket via Getty Images) Australia is among 130 countries which have signed onto a global tax initiative that requires a 15% minimum tax from multinational corporations. The Organisation for Economic Co-operation and Development (OECD) said closing some of the most notorious tax loopholes in the world would generate an estimated $US150 billion in additional tax revenue each year. Australia has been seeking to crack down on tax avoidance by multinationals since 2017, but has struggled to raise revenue from tech giants like Apple, Facebook and Google.

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