Aussie ports Tugboat crews dispute with Danish company Svitzer, page-75

First 75 Last

Share
Profile

Follow
O.C.WA

41,004 Posts.

854

19/11/22

20:49

Post #: 64874217
Share

Originally posted by Yoggit: ↑

If we are going to require big business to pay tax can we ask the unions to pay tax as well.

How is it fair that unions pay no income tax?

Unions earn revenue from memberships and various business activities. The former is declining source of revenue, while the latter is a growing source of revenue. If union revenue exceeds union expenses a surplus exists, however, under the current law unions are exempt from paying tax. This allows unions to legally avoid paying income tax.

While the ACTU rails against business and the “top end of town” for exploiting so called “tax loopholes”, the reality is unions enjoy the biggest tax loophole of all, a zero percent tax rate. This is an arrangement the big unions are happy to privately take advantage of while publically advocating that everyone else must pay their fair share of income tax.

It is a paradox that Federal Labor politicians, almost all of whom worked for a union before entering parliament, regularly oppose income tax cuts for individuals and businesses. This is despite the unions they previously worked for already enjoying the biggest tax cut available.
[...]
https://www.spectator.com.au/category/world/Who want's to open a pandora's box? Minister Burke?

Expand

Didn't the last Government chase this up ??

One would have thought Scomo and Joshy would have been right on that one.
Upvote

Reply

Top Stories

ADD

Adavale to become South Australia's newest uranium explorer

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

FWD

Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm

ASX Market Open: Australian futures to rise on strong US performances

HAR

Termite mounds lead the way to 45ppm uranium for Haranga