Another week and another story about how little tax a major global corporation is paying in Australia. This time it's eBay under the spotlight of a Fairfax investigation reported in the Sydney Morning Herald.
I know that transfer pricing is complicated - some of most talented professionals specialise in this area for that reason - but surely there is a simpler way to ensure that these big American companies pay their fair share of tax in our country.
Let's stop these rorts, which are damaging our economy!
These financial statements, signed off by PwC, have all the hallmarks of yet another multinational robbery perpetrated on the Australian taxpayer. Though Knapp puts it rather more delicately: "The net profit margin of one per cent in Australia and New Zealand versus 15 per cent worldwide … it just indicates that the inter-company charges put in place for this company are not commercial, they are not market-based."