Multinational giants accused of shifting Australian revenue offshore

By Eryk Bagshaw
Updated August 23 2017 - 10:56am, first published 8:07am
Facebook's global vice-president of tax and treasury Ted Price said the US company had been under Tax Office audit. Photo: AP
Facebook's global vice-president of tax and treasury Ted Price said the US company had been under Tax Office audit. Photo: AP

Four of the world's largest companies have been under investigation by Australian tax authorities, amid new evidence from US executives about how Facebook, Google, Apple and Microsoft are shifting money to offshore tax havens.