Mumbrellacast

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 mo