What I'm saying is that it was a silly move to reduce taxes at a time
when Mr Hockey is racking up $80 billion a year of debt.
lets look at who would be paying the MRRT & the CO2 tax
The MRRT was directed at big miners who are over 70% foreign owned.
That is every $ tax collected from these companies, 30% was paid by locals and
70% by foreigners.
As it is now , thanks to the LIBS, we have increasing expenditure and less
tax income from foreign owned mining interests.
That's 101 common sense , not a mindless throw away line.
Also, Electricity bills went down by 5% at a time when they should have went down
more due to the halving of coal & oil pricing. Instead we were fed the spin that the
5% drop in electricity prices were due to the repeal of the CO2 tax.
Perhaps if you have studied Economics 101, you could explain why our electricity
prices have not dropped more that 5% given the repeal of the CO2 tax and the halving of
coal & oil prices?
Tax relief for companies simply means that they will pay less tax and individuals will have to pay more.
The ATO found in 2009 that 68 out of Australia's top 100 companies had offices in tax havens,
conduits to tax havens or anonymous/numbered bank accounts overseas.
What does your Economics 101, or 201 for that matter tell you about this ATO finding?
You seem to be an intelligent and well educated person , prosperman and at least your reference to
economics 102 gives the impression that at least you have got this far at Uni.
