^ One scam; Apple USA sells its IP to its subsidiary for $1. This subsidiary that’s in a tax free jurisdiction, buys Apple products that are made in China while on the boat to Australia. Sells this stock for huge markup to the Australian subsidiary who then can’t really make any money selling the stuff. End result is money gets sucked out of Australia via a constructed company structure who’s sole purpose is to deprive the tax department of what should be their fair share.
Another scam; BHP seems to have incompetent staff since they must sell their ore to a Singapore subsidiary for peanuts. The obviously skilled people in Singapore are able to sell the ore at global rates that the Aussie lot could never do (yeah right). The huge profit is taxed in Singapore at 3% and the Aussie tax department and the people of Australia are denied a fair share of the resources pulled out of the ground.
Such stuff goes on and on with multinationals including the auto industry who used bullshit transfer pricing to charge silly amounts for imported parts.
Tax laws exist to stop this **** but they seem to not be applied by those in the ATO who should be looking out for our interests.
But hey, these multinationals donate huge amounts to our political parties so no foul