Australia released draft revisions to tax laws on Thursday, which it said were designed to stop big firms, including the local arm of Google, from shifting their income to countries such as Holland or Ireland where the tax rates are lower.The move is in line with a push by Britain and Germany who want the G20 group of nations to make multinational companies pay their “fair share” of taxes, following reports of large firms exploiting loopholes to shift taxation of their income away from where they are generated.
http://uk.reuters.com/article/2012/11/22/uk-australia-google-tax-idUKBRE8AL04Y20121122