Tech giant Google will pay the Australian Tax Office $500 million, describing the payment as a “great outcome”.
Google has been locked in a long-running dispute with the ATO - over hundreds of millions of dollars in unpaid tax. The US company forked out $481.
5 million to clear its debt - an amount believed to be the largest ever back payment by an ecommerce company in Australia. Image: News Corp Australia
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Google settles $481.5m tax bill with the ATO after decade-long disputeGoogle has reached a settlement worth almost half-a-billion dollars with the Tax Office after a marathon decade-long dispute over its tax practices in Australia.
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Google's $500m Aussie tax bill hardly dents Alphabet shares; Wall St flatGoogle agrees to pay the Australian Government $481.5 million to settle a tax dispute with the ATO, but US investors hardly notice the impost.
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Australia to swelter as extreme heatwave scorches the country | Sky News AustraliaLarge parts of Australia will feel the brunt of an extreme heatwave on Thursday with sweltering temperatures forecast for three capital cities. \n\nThe country recorded its hottest day on record on Tuesday, but records are expected to be defeated on Thursday as Sydney, Adelaide and Canberra are all expected to climb above 40 degrees. \n\nForecasters warn temperatures could climb higher on Friday. \n\nWith high temperatures and strong winds forecast this week, fire authorities are bracing for a dangerous couple of days. \n\nImage: Getty
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Australia needs to stop 'forcing' renewables or industries will flee 'unreliable' market | Sky News AustraliaThe Courier-Mail’s Renee Viellaris says Australia will 'still have a fire season” if all of the nation's coal fire generators are “shut down today'. \n\nMs Viellaris told Sky News that heavy industries such as Queensland’s aluminium factories “cannot operate” on renewables.\n\nShe also said industries “will go overseas” if Australia continues to “force” renewables upon them.\n\nIf Australia doesn’t export Queensland’s “very good” thermal coal, China and India will “get it from Indonesia”, said Ms Viellaris.\n\nMs Viellaris said that would result in an even worse 'environmental outcome”.\n\nImage: News Corp Australia
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Australia braces for record sweltering conditions | Sky News AustraliaLarge parts of Australia will feel the brunt of an extreme heatwave on Thursday with sweltering temperatures forecast for three capital cities.\n\nThe country recorded its hottest day on record on Tuesday, but it could again be defeated as Sydney, Adelaide and Canberra climb above 40 degrees on Thursday.\n\nThe South Australian town of Wudinna and the West Australian town of Forrest will both see tops of 49 degrees.\n\nThere is little reprieve in sight as the heatwave is expected to worsen on Friday, with more parts of the country expected to reach tops of 40.\n\nImage: Getty
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