Enough is enough.
- In 2011, Amazon paid an effective tax rate of 0.5 per cent on its
UK earnings of e3.35 billion.
- In 2013-14, Apple Australia paid around $80 million in income tax
on revenue of over $6 billion.
Martin Feil was born in 1947, and became the Industries Commission's youngest project director at the age of 26. He was eventually responsible for 11 major industry inquiries, before working as an industry-policy consultant for the next 30 years. During that time he also owned trucks, warehouses, Customs bonds-stores, and container yards, and worked for the Australian Taxation Office as one of the few Australian independent experts on transfer pricing and profit repatriation by multinationals. He has been chairman of the Institute of Chartered Accountants' customs committee, and the institute's representative on the tax offices transfer-pricing subcommittee. Feil has written many op-ed pieces over the years for The Age, accompanied by illustrations by John Spooner, warning of the dangers of free-trade ideology. He is also the author of The Failure of Free-Market Economics (Scribe, 2010).
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