Tax officials are auditing some of the world’s largest technology companies following concerns that profits from lucrative local data centres are being under-reported in Australia and funnelled offshore instead.
Google, Amazon and Microsoft are investing billions of dollars in digital infrastructure in Australia, by either building their own data centres or leasing space from AirTrunk, NextDC and CDC. These data centres power the booming artificial intelligence industry.
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Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
Sam Buckingham-Jones is the media and marketing reporter at The Australian Financial Review. Connect with Sam on Twitter.
