Joe Hockey's Google tax could derail international tax treaties: Budget Office

By Heath Aston, Nassim Khadem
Updated April 2 2015 - 4:23pm, first published 1:44pm
Assault on multinationals: Treasurer Joe Hockey. Photo: Alex Ellinghausen
Assault on multinationals: Treasurer Joe Hockey. Photo: Alex Ellinghausen
Assault on multinationals: Treasurer Joe Hockey. Photo: Alex Ellinghausen
Assault on multinationals: Treasurer Joe Hockey. Photo: Alex Ellinghausen
Assault on multinationals: Treasurer Joe Hockey. Photo: Alex Ellinghausen
Assault on multinationals: Treasurer Joe Hockey. Photo: Alex Ellinghausen
Assault on multinationals: Treasurer Joe Hockey. Photo: Alex Ellinghausen
Assault on multinationals: Treasurer Joe Hockey. Photo: Alex Ellinghausen

The likely centrepiece of Treasurer Joe Hockey's assault on multinational profit-shifting – a so-called "Google tax" – risks breaking Australia's international tax treaties, the Parliamentary Budget Office has found.