Singtel loses $260 million tax case in Australia

Australia’s Federal Court last Friday dismissed Singtel’s appeal against a past ruling that it engaged in transfer pricing and therefore owes millions in tax. The case of Singapore Telecom Australia Investments Pty Ltd v Commissioner of Taxation considered how the Singaporean telco financed its purchase of Australia’s Optus …

[deevee]

Good to see these dodgy companies, trying to avoid tax, getting bought to account.

Especially a stingy company like Optus/Singtel

[DJO]

Steaming

Beijing limits minors to three hours a week of gaming

So how many kids create multiple accounts to get around that? And would it distort the language distribution ratio?