Jun 4, 2026 – 5.28pmA coalition of Australian media companies has called for robust powers to be granted to the nation’s tax chief, who could demand tech giants like Meta, Google and TikTok reveal the full extent of their local revenue amid concerns they are shifting billions overseas to minimise tax.Google, which owns YouTube, Gmail and its dominant search engine, and Meta, which owns Facebook, Instagram and WhatsApp, transferred at least $11 billion out of the country to related entities last year as part of internal transfer pricing deals buying advertising space, which they then on-sell to Australians.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles