The bottom line is this: Facebook is using transfer pricing to avoid tax in a market they've entered. The government has gone for the softer option of arbitration rather than closing the tax loophole. Google is smart enough to accept reality and has gone straight to arbitration without an arbitrator.
Facebook the teacher, parliament the student. Probably the other way round. Facebook, like Uber in the UK, has just learned that the idea of go fast and break things doesn't always work. Google gets the otherr options open to government on tax.
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The bottom line is this: Facebook is using transfer pricing to avoid tax in a market they've entered. The government has gone for the softer option of arbitration rather than closing the tax loophole. Google is smart enough to accept reality and has gone straight to arbitration without an arbitrator.
Re: Re: They should pay for content
The history if how that came about was at the root of the monopoly watchdog;'s recommendations.
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They are putting ads next to the links.
Re: They should pay for content
Quite so. And a word of warning . The laws of statutory interpretation in jus=risdictions outside the US work on different models.
Re: I wish Google had cut off Australian news
Facebook the teacher, parliament the student. Probably the other way round. Facebook, like Uber in the UK, has just learned that the idea of go fast and break things doesn't always work. Google gets the otherr options open to government on tax.
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These corporates use transfer pricing to avoid paying tax in Australia.
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Murdoch is not the only organisation taking Facebook to task.
It's not a link tax. It's a requirement to enter arbitration. The monopoly watchdog's report can be found here: https://www.accc.gov.au/publications/digital-platforms-inquiry-final-report