Is Apple avoiding tax and what should the tax office do about it? Upcoming seminar may have the answers

Pascalis

Prof. Pascalis Raimondos, QUT Business School

Earlier this year it was revealed that “Apple paid $85 million in Australian income tax last year, despite making almost $8 billion in local revenue”, as reported in the Sydney Morning Herald. It has been alleged that Apple’s Australian operation is minimising its taxable income by paying well above reasonable prices for products for domestic sale that it is sourcing from overseas affiliates. Allegedly, in this way, the profit is transferred to lower-taxing jurisdictions overseas.

Hence it is topical and timely to consider multi-national tax avoidance and how it might be addressed. The Economic Society of Australia (Qld), of which I am the Secretary, is pleased to be hosting an upcoming lunchtime professional development seminar on Corporate income taxes: Theory and Policy by Professor Pascalis Raimondos of QUT. The seminar is sponsored by Deloitte Access Economics and will be held at its Brisbane CBD offices, Level 25, Riverside Centre, on Tuesday 19 April.

Further information and registration details are available on this flyer.

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