That's just silly"put a flat tax on them"Remember THEY DIDThe...

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Furpo2

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31/01/22

16:37

Post #: 59249855
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Originally posted by moorookamick: ↑

IMO its not necessary to lift the corporate tax rate; just collect the tax and close the loopholes
like Transfer Pricing, Debt Loading & Cash Boxing (all via O/S Tax Havens)

There are far too many multinationals not paying corporate tax in Aus and one has to ask
if their mission is to make as much money as they can, then why are they making a loss
in Aus for so long; some for decades.

IMO if we simplify the corporate tax act by deeming in the case of foreign multinationals:
that is iof they are Globally making a profit then minimally the ratio of profit to revenue
globally should be used in deeming Aus profit.

Should they be bellegerent, then bung a flat 5% tax of Aus Revenue on them
This would save the ATO & the Multinationals heaps in tax accounting and
be transparent for all honest Aussie taxpayers to see.

We now have a combined Governments' debt of $1.5 trillion and if things continue as is
then this will be $2 Trillion within 5 years.

The average Aussie is taxed to the hilt with little or no opportunity for tax concession rorts.

5% of corporate Revenue by those listed below who dont pay any Aus Tax would yield
at least $50 Billion a year of extra tax revenue ; that together with an inheritance tax
would be enough to balance the budget and pay off a flyshit of national debt.

If ScoMo Inc were to be running a corporation it would be well & truely be Bankrupt by now!

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That's just silly
"put a flat tax on them"

Remember THEY DID
The GST.

What a success?
50,000 more public servants,

No new hospitals

Aged care home mostly private because States spend the money
on prestige projects

$3 bill Olympics in Qld
$2 bill for Commo Games Melb

What happened to the 10% flat tax:
Inflation; still the same old taxes like land tax, stamp duty.
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