Mumbrellacast: Why some companies pay less tax by earning more revenue
This week Facebook Australia has reported that its 2020 advertising revenue collected in Australia was $712.66 million, up $3.2 million on the prior year. Only $155.34 million is taxable, however, with that figure down from $167.1 million in 2019. So how is Facebook able to take in more revenue but pay less in tax?
A near-two year saga around the rights to Australia’s premier football competition came to a close this week when ViacomCBS signed a five-year deal with the Australian Professional Leagues (APL) to broadcast the A-League and W-League on Network Ten and also new streaming service Paramount+. The platform will launch on 11 August, so will football fans in Australia sign up to Paramount+ for $8.99 a month, and will it prove to be worth the reported $200 million investment from ViacomCBS?
Clemenger Group is set to give staff who had a temporary pay reduction in 2020 and earn less than $200,000 a 5% pay increase, Mumbrella revealed this week. The decision to give staff the increased pay, to be paid monthly, was announced last week by the group’s management after Mumbrella reported significant unrest within the group following changes made to staff pay and hours, among other things in 2020. The team runs the rule over the latest news, as well as a report from Hays that found just under half of media and marketing employers do not expect to give pay rises this year.
Plus, Vanguard’s first-ever head of marketing, Louise Eyres, joins Mumbrella to chat about the investment management company’s debut Aussie campaign, and why Vanguard chose to work with TBWA on the creative for the campaign.
In the news
- Facebook announces revenue increase but falling tax bill (1:42)
- ViacomCBS inks broadcast deal to show the A-League and W-Leauge on Network Ten and Paramount+ (08:25)
- Clemenger Group announces plans to give pay rises to staff who had temporary reductions in 2020 (16:18)
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Backbay Lounge Kevin MacLeod (incompetech.com)
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Zanda Wilson was a reporter and podcast producer at Mumbrella, specialising in radio reporting. He left Mumbrella in September 2021.
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