Tax avoidance.

Are we being treated like human beings by our Corporate Captains? Have they heard of the word 'compassion' or is greed the guiding light for them?

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grandduke
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Tax avoidance.

Post by grandduke » 28 Oct 2013, 19:03

This is a long read by author Mike Seccome but very informative, no
wonder government revenues are down but no word from Joe Hockey
except he's still borrowing and putting us further in debt. :wink

http://www.theglobalmail.org/feature/ta ... ieres/667/
“You see things; and you say, ‘Why?’ But I dream things that never were; and I say, ‘Why not?’”
George Bernard Shaw

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Warrigal
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Re: Tax avoidance.

Post by Warrigal » 28 Oct 2013, 20:40

The Commission of Audit is only allowed to examine the spending side of the budget. The revenue side is off limits and that includes tax concessions to business and high earners.
If you don't have an ASIO file by now then you should be ashamed of yourself.

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Buck_naked
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Re: Tax avoidance.

Post by Buck_naked » 28 Oct 2013, 21:16

I'm betting the $1000 gst free purchases from overseas websites will be slashed.
Image

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Buck_naked
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Re: Tax avoidance.

Post by Buck_naked » 28 Oct 2013, 21:28

And if they decide to abolish that $1000 threshold, there will be no warning, so shop early and shop often for christmas.... :lol: :lol: :lol: :lol:

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godfather
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Re: Tax avoidance.

Post by godfather » 28 Oct 2013, 22:28

The real problem with GD's post is that not one politician has ever raised the issue in Parliament.
If there are billions of untaxed amounts stashed in overseas tax haven, then this country is missing badly needed income.
Just take our four banks alone each claiming $A3b/per quarter profit, and then only pay tax on 40% of their profits, how much extra tax the government could get if they were not sending profits overseas?

Nah, as far as I am concerned it maybe legal but if we don't do anything about it, we are at fault ourselves.

Stinks to high heaven because the lower income groups are the ones being most affected!

:flaming_mad :flaming_mad :flaming_mad
The devil whispered, “You cannot withstand the storm“ and I replied: “I am the storm!”.....Unknown.

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grandduke
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Re: Tax avoidance.

Post by grandduke » 29 Oct 2013, 08:54

What concerns me is the GST being open for scrutiny,
any increase will affect every low income earner in the
land including pensioners, this conservative philosophy
protect the rich and big business is not just happening
in Australia but every country tied to this ideology, look
at the length the republicans and their tea party ratbags
went to in America for what, so low income Americans
could be denied affordable health care give me a break.

http://en.wikipedia.org/wiki/File:Cruik ... s_Arms.png

Is it time once again for Madam Guillotine. :wink
“You see things; and you say, ‘Why?’ But I dream things that never were; and I say, ‘Why not?’”
George Bernard Shaw

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donander
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Re: Tax avoidance.

Post by donander » 30 Oct 2013, 00:04

GST, applied sensibly, gets EVERYBODY. Bigger spenders pay more GST on bigger purchases. Provided a suitable formula can be reached to protect low income earners, an increase in the GST would be a good thing. It's a fair tax.
The last interglacial had less ice, higher sea levels, and warmer temperatures than this one. So, according to the evidence so far, human activity must have a COOLING effect.

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grandduke
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Re: Tax avoidance.

Post by grandduke » 30 Oct 2013, 08:04

We already pay GST on everything bar food and it does not
discriminate between workers and pensioners or low income
earners, so any increase would severely impact everyone. :-

I find your vision of this narrow and in line with your liberal
philosophy and lets not forget the rich can afford it, others
cannot so where is the fairness you talk about comrade. :wink
“You see things; and you say, ‘Why?’ But I dream things that never were; and I say, ‘Why not?’”
George Bernard Shaw

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Dreamweaver
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Re: Tax avoidance.

Post by Dreamweaver » 30 Oct 2013, 09:12

donander wrote:GST, applied sensibly, gets EVERYBODY. Bigger spenders pay more GST on bigger purchases. Provided a suitable formula can be reached to protect low income earners, an increase in the GST would be a good thing. It's a fair tax.
If no-one dodged income tax, that's the only fair way to go. But since income tax is so unscruplessly dodged, the GST does a good back up job, gathering more from the big spenders than the little, and with a degree of proptection for the little spender.

See, I can agree with Donander. When he's not living in fantasy land. :lol:
I dream, therefore I am.

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grandduke
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Re: Tax avoidance.

Post by grandduke » 30 Oct 2013, 13:29

Then you have liberal tendencies Dreamweaver and here's
me thinking you were a comrade in arms. :wink
“You see things; and you say, ‘Why?’ But I dream things that never were; and I say, ‘Why not?’”
George Bernard Shaw

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godfather
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Re: Tax avoidance.

Post by godfather » 30 Oct 2013, 18:36

Hi Grandy, I'm a comrade in arms, but I must admit that DW theory is not as as bad as lowering taxes for the rich.
If there was to be some compassion for the lower classes, then an increase in GST is ok but at the same time they must take off the tax for those on health cards, ie. pensioners, disabled, unfortunate Australians.
It would be possible by just providing a card to prove your circumstances.

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The devil whispered, “You cannot withstand the storm“ and I replied: “I am the storm!”.....Unknown.

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donander
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Re: Tax avoidance.

Post by donander » 30 Oct 2013, 23:25

Dreamweaver wrote: [ Snip ] See, I can agree with Donander. When he's not living in fantasy land. :lol:
Love you too Dreamweaver ...... :kiss

PS: You'll eventually come round on carbon dioxide too, I know it. :wink
The last interglacial had less ice, higher sea levels, and warmer temperatures than this one. So, according to the evidence so far, human activity must have a COOLING effect.

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Dreamweaver
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Re: Tax avoidance.

Post by Dreamweaver » 31 Oct 2013, 11:45

When hell freezes over, yes, Donander. I will know it's time for that when the majority of reputable climate scientisis say so.
I dream, therefore I am.

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grandduke
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Re: Tax avoidance.

Post by grandduke » 31 Oct 2013, 12:12

Don you have your page on carbon dioxide and GW you shifty bugger. :wink
“You see things; and you say, ‘Why?’ But I dream things that never were; and I say, ‘Why not?’”
George Bernard Shaw

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donander
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Re: Tax avoidance.

Post by donander » 31 Oct 2013, 16:25

Dreamweaver wrote:When hell freezes over, yes, Donander. I will know it's time for that when the majority of reputable climate scientisis say so.
That's my girl.

The majority is always right, isn't it?

Oops, I forgot Galileo.

Sorry .... :wink
The last interglacial had less ice, higher sea levels, and warmer temperatures than this one. So, according to the evidence so far, human activity must have a COOLING effect.

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