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SYDNEY Cheap Carlos Dunlap Jersey , May 20 (Xinhua) -- International fast-food giant McDonald's has been accused of avoiding almost 500 million Australian dollars (395.4 million U.S. dollars) in corporate tax by shifting profits from Australia to Singapore, Fairfax Media reported on Wednesday.


A report, funded by a coalition of global trade unions, does not allege illegal behavior, but after analyzing McDonald's Australia's financial accounts Cheap Tyler Eifert Jersey , shows it has been taking advantage of current international loopholes that allow companies to pay low tax rates on royalty income.


"McDonald's uses royalty payments from franchises and foreign subsidiaries in major markets to route profits to tax havens," the report said according to Fairfax Media. "These strategies may have allowed it to avoid up to 1.8 billion U.S. dollars in tax in those markets in the years between 2009 and 2013, including 1 billion euros across Europe and 497 million Australian dollars (393.03 million U.S. dollars) in Australia."


According to the report, McDonald's Australian operations show an "unusually high level of inter-company payments over the five years."


Globally, McDonald's charges an effective rate of 5 percent of sales via royalty payments of its franchising model Cheap Geno Atkins Jersey , however the report said McDonald's Australia reported paying 376.6 million Australian dollars (297.9 million U.S. dollars) in "service fees," or 9 percent of sales, to McDonald's Asia-Pacific.


"In fact in each of the past five years, McDonald's Australia Ltd has reported nearly twice as much in outgoing service fee payments as would be explained by the royalties the company receives from franchisees plus any royalty paid on behalf of corporate stores," the report said. "It is appropriate to question whether these fees may not be based on appropriate 'arms length' conditions and breached Australia's anti-avoidance laws."


Australia's government recently has been trying to combat tax avoidance by multinationals who operate in Australia. In the federal budget Cheap A.J. Green Jersey , Treasurer Joe Hockey said he would strengthen Australian law to target 30 companies, with more than 1 billion Australian dollars (791 million U.S. dollars) in annual turnover, which include Google, Apple, Microsoft and News Corp.


"These companies are diverting profit earnings in Australia away from Australia to no-tax or low-tax jurisdictions Cheap Andy Dalton Jersey ," Hockey said.




In the highly import dependent Indian medical devices market, a large number of indigenous manufacturers of syringes & needles have managed to come up. However it does not mean that imports are low for this market. Imports, as in the case with other medical devices, are quite high but the domestic manufacturers have been able to tap foreign markets through increasing exports. The target base of consumers is growing steadily which is expected to significantly boost sales in the market.


report provides a snapshot of the syringes & needles market. It begins with the introduction section which mentions the features and uses of syringes & needles along with a brief description of the various phases in their development. The market overview section provides an insight into the market and highlights the market size. Import and export figures for syringes & needles, both in terms of volume and value have been provided in the next section. It also includes the regional break-up of the imports and exports.


An analysis of the drivers explains the factors leading to the growth of the market which include increasing need of insulin doses Cheap Michael Jordan Jersey , increasing demand for vaccines, improving health infrastructure, growing incidence of diseases, changing demographics and health check-up packages. Some of the major challenges to the market are illegal recycling of syringes & needles and problems associated with usage. Government legislation in the market has been discussed in the next section.


The competition section highlights the features of the major players operating in the market. A brief profile of the major domestic and foreign players in the market along with their financials has been included in this section.


A section providing strategic recommendations has