Deutsche Bank said the investigation was directed against private individuals, not against the company, that it is cooperating with prosecutors and wasn't a target of the current raids.
Finance and accounting are key to international expansion, and bookkeeping, reporting and associated areas can vary widely from jurisdiction to jurisdiction.
Financial accounts filed with ASIC for Multiplex Pty Ltd report that the construction group paid income tax totalling $26 million for the year ending December 31, 2018 on a profit before tax of $72 million.
Most small and medium business owners are responsible and do their level best to follow the rules, but this snapshot reveals a deeply-held perception among SMEs that our tax system is fundamentally unfair and slanted towards the interests of big business.
Of these, 575 are owned by companies based in so-called secrecy jurisdictions, or tax havens – countries whose laws allow them to keep their financial activities private or to pay a low amount of tax.