ANALYSIS: Some millionaires pay no tax. Here's how to do it
However, if I set up a Singaporean branch of an Australian company, that's where things get interesting.
because it was designed to deal with tax minimisation moves by multinationals such as Google and Microsoft. The changes mean I now must put a reasonable amount of money — which will be taxed in Australia — through the local office. Essentially, after Charlie used my notepad to chart a complex series of boxes, arrows, squiggles, arrows returning to the original box and decreasing profit figures the answer is clear: You can do some offshoring to minimise tax, but it’s not easy.
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