Government passes 'Google tax'

imp source The Turnbull government has passed the Diverted Profits Tax, otherwise known as Australia’s ‘Google tax’, arming the Australian Taxation Office with some of the world’s strongest powers to fight multinationals.

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binary bot The new laws are aimed at companies with global revenue of more than $1 billion and Australian revenue of greater than $25 million.

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original site Read the full story at Sky News.