perceptions_now wrote on Dec 20
th, 2015 at 4:44pm:
perceptions_now wrote on Dec 19
th, 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!
The are obviously many changes required, both to Revenue & Expenditure, But to start the ball rolling on Tax change -
1) Close down, so called Legal Tax Loopholes.
2) Make sure all Profit earned in OZ, Pays Tax in OZ, whether the Business is local (from OZ) or an Overseas/Global Player!
3) Close down loophole of sending Profits made in OZ, to Low or No taxing countries!
4) If any business still tries it on, then Tax them anyway & legislate for that action!
5) If any Business tries it on & gets caught out, make sure the Fines are large enough to discourage them & other businesses!
6) Where Religions, own “a business”, make sure that “the Business” pays its proper Tax, BEFORE FINAL NET PROFITS ARE PASSED ON TO THE RELIGION!
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