There has been plenty of airplay over recent years about large global corporations such as Google using complex tax structures and tax havens to shift local profits offshore and avoid paying tax in Australia. But the recent Channel 7 exposé about the PWC Luxembourg whistleblower is the biggest "smoking gun" to date.

The attached Yahoo article provides a good summary of the Channel 7 revelations. It includes quotes from IKEA and Google justifying their approaches. But read the Google one carefully - they are admitting that they are not paying tax in the local jurisdictions where they are generating the revenues (and profits) but back home where they are headquartered - ie they aren't paying their fair share of tax in Australia!