Corporate tax avoidance: Is the Double Irish with a Dutch sandwich over?
It’s almost the end of June, which is the end of the Financial Year here in Australia. Around this time, we always hear the same story... that global companies rake in huge profits, while simultaneously paying next to nothing in tax. The same pattern eventuates. We get frustrated. Politicians get riled up. But ultimately, nothing changes. But, earlier this year the OECD agreed to implement a 15% global minimum tax threshold, and suddenly there was hope that multinational companies would have to start to pay their fair share. Until it was then reported that the tax would be held up until 2024. Darcy and Sascha discuss the plan by the OECD, just how multinationals move their profits around, and then they talk to Thomas - one half of Comedian V Economist - about his thoughts on the plan.
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