In the news

Netflix Australia revealed to be paying minimal tax

Netflix has millions of subscribers in Australia but it has been revealed the streaming service is paying minimal tax. It uses a complex company restructure with its base in the Netherlands, handing over around $340k to the Australian tax man.

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Australian Taxpayers Alliance under scrutiny over election role

The spotlight has fallen on the alliance’s finances after a submission to parliament’s Joint Standing Committee on Electoral Matters by progressive umbrella group, the Tax Justice Network. The network has urged the parliamentary committee to investigate the ATA’s funding sources, claiming the alliance is part of a “network of organisations that has close links to foreign backed political lobby groups”.

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Bupa’s aged care homes are failing standards across Australia. Plus the operation to relocate fish from Menindee to a healthier part of the Darling River.

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Bupa’s aged care homes failing standards across Australia

More than half of the nursing homes run by Australia’s largest private provider Bupa are failing basic standards of care and 30 per cent are putting the health and safety of the elderly at “serious risk”, according to accreditation reports analysed by the ABC. Advocates are now asking whether Bupa — which receives almost half a billion dollars in government funding each year — is fit to be an aged care provider.

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Google-linked drone delivery service accused of profit shifting during world-first Australian trial

Google-affiliated drone delivery firm Wing has been accused of profit shifting during its world-first service currently rolling out in Canberra. Its tax expense during the period was listed as $144,000, after accruing more than $5 million in revenue in Australia. Wing Aviation’s financial accounts showed it recorded payments of $3.2 million to its offshore corporate group

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The LNG industry is booming. So why are we not getting the royalties?

In 2017-18, LNG companies in Australia had revenue totalling $29.7 billion, yet paid just $1.07 billion in royalties levied under the petroleum resource rent tax (PRRT). In 2016-17, from revenue of $22.7 billion, they paid only $970 million in PRRT. By comparison, Qatar, a close second behind Australia in production, received a staggering $26 billion in royalties.

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