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30% Rise in millionaires paying $NO Tax, page-25

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rabbitoh

27,105 Posts.

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28/04/18

12:04

Post #: 32738569
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Originally posted by Lapdog ↑

So much for the Coalition's war on tax avoidance / minimisation, the performance of the ATO and respect for Australia's official core values of a fair go for all and equal opportunity!

The report below provides details of a 30% rise in the number of Australian millionaires who did not even pay a single brass razoo in tax for the 2015-16 FY that's $0.00, $Zilch, $Zippo, $Zero, $Zot.

"... But in the 2015-16 financial year, 59 millionaires claimed to have taxable income below $6,001, one claimed to have taxable income between $6,001 and $10,000, and two claimed to have taxable income between $10,001 and $18,200, putting them all below the tax-free threshold.
None of them paid the Medicare levy. ..."
https://www.theguardian.com/australia-news/2018/apr/27/number-of-australians-who-earned-more-than-1m-a-year-yet-paid-no-tax-surges-30

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Labor should have et the government increase the GST to 15% then..
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