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Top Companies That Pay No Tax (Read 18882 times)
Swagman
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Re: Top Companies That Pay No Tax
Reply #210 - Dec 20th, 2015 at 1:21pm
 
Grappler Deep State Feller wrote on Dec 20th, 2015 at 1:06pm:
I don't believe this 'politics of envy' has been adequately explained yet.... I did ask...


'Ochlocratism'.

The mob uses its majority electoral numbers in order to extort wealth and income from the successful minority, for which they are envious of, due to this minority's success and wealth.  Sad

The primary political weapon of socialism.

'Tall poppy syndrome' would be a close cousin.... Huh

 
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Grappler Deep State Feller
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Re: Top Companies That Pay No Tax
Reply #211 - Dec 20th, 2015 at 2:19pm
 
Swagman wrote on Dec 20th, 2015 at 1:21pm:
Grappler Deep State Feller wrote on Dec 20th, 2015 at 1:06pm:
I don't believe this 'politics of envy' has been adequately explained yet.... I did ask...


'Ochlocratism'.

The mob uses its majority electoral numbers in order to extort wealth and income from the successful minority, for which they are envious of, due to this minority's success and wealth.  Sad

The primary political weapon of socialism.

'Tall poppy syndrome' would be a close cousin.... Huh

 


Does that also include the 'successful minority' chopping off the heads of tall poppies so as to preclude sharing their perch with anyone else?  The mentality is "I've earned moi position through 'ard work... whoi should Oi be sharing' it with upstarts what moight bring me standing down!  Bluidy peasant ladder climbers..."

Still doesn't explain how it is 'envy' to expect those who've gained the most from society to pay a small percentage of their gross (sic) incomes back to pave the way for that society to function better......
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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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Swagman
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Re: Top Companies That Pay No Tax
Reply #212 - Dec 20th, 2015 at 2:29pm
 
Grappler Deep State Feller wrote on Dec 20th, 2015 at 2:19pm:
to expect


...no that's just arrogance not 'envy'
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Bias_2012
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Re: Top Companies That Pay No Tax
Reply #213 - Dec 20th, 2015 at 3:40pm
 
Swagman wrote on Dec 20th, 2015 at 2:29pm:
Grappler Deep State Feller wrote on Dec 20th, 2015 at 2:19pm:
to expect


...no that's just arrogance not 'envy'



In that case, governments' are extremely arrogant
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Our Lives Are Governed By The Feast & Famine Variable
 
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Bias_2012
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Re: Top Companies That Pay No Tax
Reply #214 - Dec 20th, 2015 at 3:43pm
 
The idea is to be vigilant, not envious or anything else
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Our Lives Are Governed By The Feast & Famine Variable
 
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crocodile
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Re: Top Companies That Pay No Tax
Reply #215 - Dec 20th, 2015 at 4:09pm
 
Grappler Deep State Feller wrote on Dec 20th, 2015 at 1:06pm:
I don't believe this 'politics of envy' has been adequately explained yet.... I did ask...

How is it 'envy' to see someone getting a free ride out of YOUR purse, for example, that you cannot get?  I'd say the envy is inherent in those who get those free rides not wanting anyone else to get them..... if everyone got them, profits would go down....


Where is this free ride out of your purse ?
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Very funny Scotty, now beam down my clothes.
 
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Swagman
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Re: Top Companies That Pay No Tax
Reply #216 - Dec 20th, 2015 at 4:33pm
 
crocodile wrote on Dec 20th, 2015 at 4:09pm:
Grappler Deep State Feller wrote on Dec 20th, 2015 at 1:06pm:
I don't believe this 'politics of envy' has been adequately explained yet.... I did ask...

How is it 'envy' to see someone getting a free ride out of YOUR purse, for example, that you cannot get?  I'd say the envy is inherent in those who get those free rides not wanting anyone else to get them..... if everyone got them, profits would go down....


Where is this free ride out of your purse ?


You pay $35k in tax and get $1k back as a rebate, you're on a 'grapplin' free ride..... Cheesy
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perceptions_now
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Re: Top Companies That Pay No Tax
Reply #217 - Dec 20th, 2015 at 4:44pm
 
perceptions_now wrote on Dec 19th, 2015 at 11:14am:
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! 


So, all we have seen nothing here, is the usual bickering amongst respective "supporters", will be counter-productive, it will cost us all, in the longer term!

That fact is that 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!

So, we need action & we need it now!
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Swagman
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Re: Top Companies That Pay No Tax
Reply #218 - Dec 20th, 2015 at 4:56pm
 
perceptions_now wrote on Dec 20th, 2015 at 4:44pm:
So, we need action & we need it now!


......ok, what action?

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cods
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Re: Top Companies That Pay No Tax
Reply #219 - Dec 20th, 2015 at 5:03pm
 
perceptions_now wrote on Dec 20th, 2015 at 4:44pm:
perceptions_now wrote on Dec 19th, 2015 at 11:14am:
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! 


So, all we have seen nothing here, is the usual bickering amongst respective "supporters", will be counter-productive, it will cost us all, in the longer term!

That fact is that 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!

So, we need action & we need it now!



I find it hard to believe almost 600 companies start up trading in this country and all for NOTHING....

it doesnt work for me I am afraid....and if their turnover is anything to go by .. then its even more amazing..

so we have far too many loopholes for them to use .. that probably was the only way to get them to come to OZ years ago..

but times have changed and so should this...

its isnt illegal no one is saying that... its what the govt allows....and in that case

ITS WRONG something IS WRONG>>

I will give them credit fro employing and creating work for aussies...but they come in and take ov er our companies and all of a sudden they dont make a profit...

its WRONG....

no one should not PAY ANY TAX...

even the homeless PAY TAX..on things they buy....

come on this is rubbish..stop it.
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mariacostel
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Re: Top Companies That Pay No Tax
Reply #220 - Dec 20th, 2015 at 5:06pm
 
Jovial Monk wrote on Dec 20th, 2015 at 7:51am:
mariacostel wrote on Dec 20th, 2015 at 7:49am:
Jovial Monk wrote on Dec 20th, 2015 at 7:39am:
Maqqa wrote on Dec 19th, 2015 at 11:14pm:
Those who has done some accounting knows a financial report is a snapshot of the company as at 30th June.

Due to carried forward loss rules and other rulings - one year worth of financials gives an incomplete picture of the business.

Any banker who lend money, buyers of the business or business analyst would ask for at least 3 years financials


The balance sheet is a snapshot but the P/L is the result over a whole year.



P/L stands for PROFIT/LOSS.  MOst on here are unaware that P/L is the taxable component.

You reckon? I think most people here know that EBIT is what tax is paid on.


Except you are dead wrong. EBIT (earnings before interest and tax) is not what is taxed.  Interest is a taxable deduction.
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mariacostel
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Re: Top Companies That Pay No Tax
Reply #221 - Dec 20th, 2015 at 5:07pm
 
Bam wrote on Dec 20th, 2015 at 12:47pm:
mariacostel wrote on Dec 20th, 2015 at 7:33am:
It is quite intriguing why so many people simply HATE business, like Bam etc. And they really do hate them.  Envy is an obvious first consideration that somehow a business owner shouldn't be rich when they have to work minimum wage at a servo. Of course they could just be plain stupid.

Another personal attack. Reported.


whinger...
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mariacostel
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Re: Top Companies That Pay No Tax
Reply #222 - Dec 20th, 2015 at 5:10pm
 
Grappler Deep State Feller wrote on Dec 20th, 2015 at 1:06pm:
I don't believe this 'politics of envy' has been adequately explained yet.... I did ask...

How is it 'envy' to see someone getting a free ride out of YOUR purse, for example, that you cannot get?  I'd say the envy is inherent in those who get those free rides not wanting anyone else to get them..... if everyone got them, profits would go down....



You don't understand the politics of envy?  I dont think you could be force fed an explanation of this. From your few sentences above it is clear that you are looking at the whole argument in reverse and so naturally you have no clue what it means.

It is the envy of 'those that have' by those that dont.  That would have been obvious to pretty much anyone.
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mariacostel
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Re: Top Companies That Pay No Tax
Reply #223 - Dec 20th, 2015 at 5:13pm
 
perceptions_now wrote on Dec 20th, 2015 at 4:44pm:
perceptions_now wrote on Dec 19th, 2015 at 11:14am:
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! 


So, all we have seen nothing here, is the usual bickering amongst respective "supporters", will be counter-productive, it will cost us all, in the longer term!

That fact is that 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!

So, we need action & we need it now!


Of course to most other people without deep depression it would be the same situation it has always been where 1 in 5 companies are routinely running at a loss.

Too little information, too much interpretation and way too little intelligence.

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mariacostel
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Re: Top Companies That Pay No Tax
Reply #224 - Dec 20th, 2015 at 5:15pm
 
cods wrote on Dec 20th, 2015 at 5:03pm:
perceptions_now wrote on Dec 20th, 2015 at 4:44pm:
perceptions_now wrote on Dec 19th, 2015 at 11:14am:
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! 


So, all we have seen nothing here, is the usual bickering amongst respective "supporters", will be counter-productive, it will cost us all, in the longer term!

That fact is that 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!

So, we need action & we need it now!



I find it hard to believe almost 600 companies start up trading in this country and all for NOTHING....

it doesnt work for me I am afraid....and if their turnover is anything to go by .. then its even more amazing..

so we have far too many loopholes for them to use .. that probably was the only way to get them to come to OZ years ago..

but times have changed and so should this...

its isnt illegal no one is saying that... its what the govt allows....and in that case

ITS WRONG something IS WRONG>>

I will give them credit fro employing and creating work for aussies...but they come in and take ov er our companies and all of a sudden they dont make a profit...

its WRONG....

no one should not PAY ANY TAX...

even the homeless PAY TAX..on things they buy....

come on this is rubbish..stop it.


Cods, you have no idea what you are talking about. Apparently the notion of a company trading at a loss eludes you. If so, go back to knitting.
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