September 19, 2016

Indonesian Tax Authorities Want Some Of Google’s $$$

A few weeks after the EU ruled that Apple owed Ireland $14.5 billion in back taxes, Indonesian authorities are going after another tax-avoiding tech giant, Alphabet aka the artist formerly known as Google. Indonesia is claiming that Alphabet owes them ~$400 million in taxes and fines from the last few years and say that the company only paid 0.1% of the VAT and income tax it owed. Google parks about ~$40 billion outside the US and avoids paying taxes by funneling “profits” through places like Ireland and Singapore. Muhammed Hanif, the head of the tax agency, isn’t pissed that Google is “tax-planning” — he’s pissed that they are so good at it that they don’t pay Indonesia any taxes.

[related_posts_by_tax format="images" posts_per_page="4" taxonomies="category" orderby="post_date" order="DESC" image_size="thumbnail" before_title='

' after_title='


Yes, I want to sound marginally more intelligent: