IMO we as individuals pay too high a %age of the overall tax take
by Government considering that we have enormous natural resource
wealth such as Iron Ore, Coal, LNG, Gold & Base Metals.
Up to 90% of our natural resources are foreigh owned by
Multinationals, many of which pay minimal tax.
This means that the Aussie PAYE taxpayer has to cough up the lions share of taxation in
order to keep the country running and ScoMo rather tax the multinationals has
opted for kicking the tax can down the road by incrasing our Debt
($700 Billion increase in Comm Debt since Sept 2013 !)
https://www.copyright link/policy/tax-and-super/personal-tax-take-second-highest-in-oecd-20211206-p59f3y
Solution: Compel Multinationals to pay their fair share of corporate tax.
https://www.abc.net.au/news/2019-12-12/ato-corporate-tax-transparency-data-companies-no-tax-paid/11789048?nw=0
We're having an election within 2 months and there has been no
suggestion by either major party to compel Multinationals to cough up
more corporate tax.
We all know that their Tax Minimisation gig is:
-Transfer pricing
-Debt loading
-Cash Boxing in Tax Havens (surcharges on Brand , IP, etc)
Outcome : Little or no company profit declared in Aus & little or no Aus corporate tax paid.by Multinationals
- Forums
- Political Debate
- PSSSSST: Morrison increased Taxes
PSSSSST: Morrison increased Taxes, page-2
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