600 Large Companies In Australia Not Paying Much In Tax

Meanwhile the Government is reducing payments for pathology and other services and talking of putting a GST on fresh food, health and education services. Not hard to tell which end of town they want to keep happy. Bring on the Revolution!
 
The list of major corporations that are paying little or no taxes is a mile long....all over the globe. The corporations and 1%'rs have done a superb job of buying politicians in nearly every nation. As a result, the national debts are soaring all over the globe, and one day we are going to witness a blowup that will make the economic collapse of 1929 seem mild by comparison.
 
These companies are exactly the same as you or I.

They pay only the tax they have to and no more.

Who can blame them for that?

Blame the Government for its inefficient tax laws.
 
I don't think governments are to blame for this situation. The big companies should be obliged to pay taxes to the countries where they make their money but by complex structuring of their global empires they are able to make it look like they are not making any profit, despite massive turnover and it is all perfectly legal.

Governments are now starting to work together, instead of competing against each other, to make the global taxation situation fairer.

We have had a Senate Inquiry into the tax affairs of some very big companies who have been paying very little tax to Australia and officers of the ATO were embedded for months examining their internal workings. Representatives of the companies tried very hard not to answer questions citing "commercial in confidence" but the interrogators were not satisfied with their evasiveness. I listened to some of the testimony on the radio. It has become obvious that the only way to get them to cough up their fair share of tax is to shame them into it.

That's what the publication of the latest list is all about. When people see the names of the non payers they tend to become hostile towards those businesses and brand names. Companies then take steps to win them back. Maybe even pay some tax.

However, the real solution will take international co-operation on a grand scale.
 
"BUT how did those laws come about or how are they still in place in a time when governments need more money"

For the answer to that look at how many ex-politicians are on the board of directors of the relevant companies!

These poor people have to have some means of supplementing their meagre pensions when they are voted out of office.
 
Laurie said:
"BUT how did those laws come about or how are they still in place in a time when governments need more money"

For the answer to that look at how many ex-politicians are on the board of directors of the relevant companies!

These poor people have to have some means of supplementing their meagre pensions when they are voted out of office.
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And just as dangerous are the ex politicians that lobby for these corporations. One of the most egregious examples over the last decade was the FCC(Federal Communications Commission) official that approved a monopolistic merger then went to work for that company/lobby firm a month later.

http://consumerist.com/2011/05/11/f...mcast-deal-leaves-fcc-to-go-work-for-comcast/

They got to her prior to merger approval.
 
Dudewho said:
General Electric payed no taxes here in America.
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Not sure this is completely true. Although they may have avoided corporate taxes from income, I would be surprised if they did not pay any real estate or state taxes.
 
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