Is Logitech Paying It’s Fair Share In Taxes Or Are They Another Google?
The Australian operation is registered with the Australian
Executives at the Australian Company are refusing to say how
They have also refused in the past to say whether they have
This is the cost that the Company lists as the import cost
On tax avoidance by multinational companies Australian Federal Treasuer Joe Hockey said at this weekends G20 finance ministers meeting that members were united in their ambition to “modernise global tax rules” and close loopholes that have emerged in recent years.
He hit out at technology Companies such as Apple, Google, and Amazon who are using taxation loopholes to avoid paying taxes similar to an Australian Company.
“We’ll bring international tax rules into the 21st century and ensure they keep up with changing multinational business models,” Hockey said.
“Tax evasion and avoidance is a global problem and the effects are sometimes felt hardest by the poorest people in the poorest countries. Our work on financial regulation has been central to future-proofing our system against shocks.”
“We have endorsed far-reaching initiatives which will arm our tax authorities with the information they need to identify tax evaders through the automatic exchange of information using a common reporting standard.”
From 2017, information will be exchanged under that common standard to send a strong deterrence message.
Earlier this month Logitech International announced that
The Company that was struggling prior to the release of the
It is believed that Logitech had millions of dollars’ worth
The Company said that they will restate these financial
The company claims that they have discussed the matter
Logitech has said that the new set of accounts will include
The restatement is not expected to materially impact Fiscal
The Audit Committee is continuing its investigation as to
The Company that is keen to spruik information about their
We also want to ask questions as to how they pay bonuses and