Sad, Swag, just simply sad.  If all you have are companies that provide jobs but no additional tax, might as well say the same for government jobs.  Government provides jobs, workers pay tax, etc etc.

Companies might provide jobs - but it's the workers who pay the tax from that.  Those wages are entitled to the worker.  Companies are there to make a profit and that profit must be taxed - because in the end companies benefit from government services - from security, roads, telecommunications, lawful environment etc.  They don't pay for those directly always.

The same could be said for the car industries that were closed down.

In either case since they don't pay tax, no point reducing company tax - zero is still zero.

mariacostel wrote on Dec 19^th, 2015 at 10:37am:

And again ... another of your rubbish posts that contributes nothing to the discussion. Why do you bother?

Bam wrote on Dec 18^th, 2015 at 10:04pm:



Well looky what we have here. 

Miners and Banks. 

Everything that lefties hate with a passion........ yet these companies are paying a big piece of your fortnightly trip to Centrelink....

So, a "few" observations -
1) Are the Published ATO figures are Correct/incorrect? And, IF they are incorrect, then why have they been allowed to be published, without being properly checked?
2) If correct, then why would such a large % of Australia's largest Businesses pay no tax or little tax?
3) If correct and such a large % of Australia's largest businesses are making little to NO PROFIT, then that could suggest that OZ is already in a Recession/Depression, although none of the major Political Party's are saying that and it would seem unlikely - YET!
4) If correct, then the more logical reason for such figures is simply that the TAX SYSTEM IS BROKEN & IS IN NEED OF A REVAMP, WHICH SHOULD HAVE HAPPENED DECADES AGO, TO ENSURE THAT BUSINESS PAID ITS FAIR SHARE OF TAX, WHICH IT CLEARLY DOES NOT!
5) We are now more interlocked than at any other period in history & in terms of Government Revenue & Expenditure, that means all sectors must carry their fair share and IF that doesn't happen, THEN ECONOMIC COLLAPSE WILL SURELY FOLLOW!
6) For quite some time now (Decades), both major Political Party's have known or should have known, that some once in history events would take place around now -
a) Demographics - Aging & Slowing Growth
b) Energy - Supply & Demand changes, would significantly affect Pricing, both UP & DOWN.
c) Climate Change - Would have significant impacts in many issues, including Energy, Food & Water.
THE POLITICIANS HAVE NOT TAKEN THE REQUIRED ACTIONS, AS THEY DWELLED MORE ON THEIR OWN SHORT TERM INTERESTS, INSTEAD OF THE LONG TERM INTERESTS OF ALL AUSTRALIANS!

Change is absolutely required & it must start now! And, the usual bickering amongst respective "supporters", will be counter-productive, it will cost us all, in the longer term!

Politicians, from all party's must start taking appropriate actions, across the board, including both Revenue & Expenditure
AND IN A BALANCED WAY, to endeavour to ward off the most dire of the effects that THEY HAVE ALREADY SET IN MOTION & WHICH IS TOO LATE LATE, TOO ENTIRELY AVOID! 

stunspore wrote on Dec 19^th, 2015 at 10:39am:


A one year snap shot is bull schitt.

What they should print is their accumulated tax paid and the same for individuals.

Companies cannot continue to pay no tax (as my post said) as they are in business to make money not lose it.  That's what sets them aside from the bloated wasteful public service.

The car industry was a tax gobbler not a tax payer.  That's why it had to go. 

Bam wrote on Dec 19^th, 2015 at 10:59am:



Look idiot-features,  EMPLOYEES are nothing like companies. they have no deductions because they contribute not one cent to the input costs of earning their wage. NOT ONE CENT.  Companies have massive input costs to earning their profit/income which is - surprise surprise - why they have large deductions.

companies and employees are NOTHING alike.

Swagman wrote on Dec 19^th, 2015 at 11:12am:


I have shares in many of these companies, the dividends are franked which means they have already been taxed at 30%.

Many investors have to pay an additional 15 cents in every dollar on these dividends because it's considered income which is taxed heavily.

These dividends are taxed another 5-15% depending on the income of the investor.

perceptions_now wrote on Dec 19^th, 2015 at 11:14am:



You have previously claimed to have been a financial expert. Not many would concur but to those few still in doubt, this post confirms it. If you cannot understand the notion of carry-over losses and profit vs revenue then you really are the fake most have long thought you to be.