Accounting at UTS is focused on meeting the needs of modern businesses, both through the need for highly trained graduates ready for the professional environment and undertaking research that aims to improve the efficiency of Australian businesses and financial markets.
It’s no secret that companies including Apple, Google, Amazon, Uber, Airbnb and Ikea seem to pay less than their fair share of tax in Australia. Despite booking huge revenues from sales to Australian customers they are able to reduce their profits in this country by shifting profits to tax havens such as Ireland, the Netherlands, Luxembourg and the Cayman Islands, to name a few.
Qantas’s massive loss in its latest results came after it finally revised downwards the value of its planes. But researchers say it is not the only Australian company with cause to review asset valuations.