Australia issued a revised draft tax code in Thursday

The aim is to prevent local branches of large enterprises, including Google, from turning revenues into lower-tax countries such as the Netherlands or Ireland, to avoid taxes.

It has been reported that large multinational companies use legal loopholes, through the transfer of revenue tax avoidance. As a result, Britain and Germany had previously announced at the group of 20 (G20) summit that the plan would lead to a push to expand the amount of "tax payable" that multinational companies had to pay.

David Bradbury, assistant Finance Minister of Australia, said the tax code was David Blebley to ensure companies could pay a reasonable tax on the profits they earned in Australia. "While Australian companies are advertising on Google, they have signed deals with Google or Google Australia, but in fact they are trading in the company's Irish branch," Bradbury said in a speech. Subsequently, Google claimed that the revenue came from Ireland, which should comply with Ireland's tax pact rather than Australia. ”

Australia's corporate tax rate is 30%, while Ireland is 12.5%. Google Australia did not respond directly to Bradley's comments, but said it complied with all local tax laws.

"We have made a huge contribution to Australia's economy, and we have helped tens of thousands of businesses grow online, provide free services to millions of Australians, and hire 650 people locally," a spokesman for Google said in a statement. We comply with all Australian tax laws. ”

Bradley said that Google's tax structure would bring revenue to the lower-taxed Netherlands, which it handed over to another holding company in Bermuda to avoid paying taxes. "[Google] receives ad revenue from the Australian business, but enjoys duty-free access," he said. ”