The manoeuvres of US tech giants to avoid the Multinational Anti Avoidance Law left a paper trail.
If the PwC tax leaks scandal demonstrated one thing about PwC International, it’s how introverted it is – these people really don’t like sharing.
Protecting the redacted names of the tech clients was said to be one of the major reasons PwC International took over the Australian firm last year. A US tech company would set up a new Australian entity to become the distributor for its products, but then another foreign subsidiary – perhaps in Ireland, say – would become the Australian distributor’s agent. So, the profits would still go overseas, with minimal GST paid.ASIC filings show on December 9, 2015 – eight days after Uber set up its new entity – Adobe incorporated a new operating business here, Adobe Trading Systems Pty Ltd , with its parent in the Netherlands.
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