mariacostel wrote on Dec 19
th, 2015 at 7:39am:
And once again, there is no tax avoidance in these companies at all. If that were so, the ATO would be after them... and they arent.
How can you post crap like this that is so utterly wrong? Are you trolling?
* Many of these companies
are avoiding tax. Looks like you have tax avoidance and tax evasion mixed up again.
* Some of these companies are breaking the tax law, and the ATO are investigating some of them. The ATO would have more resources for compliance if the inept Abbott and numbskull Hockey hadn't slashed the ATO's compliance budget by tens of millions of dollars. Good decision, not!!
mariacostel wrote on Dec 19
th, 2015 at 7:39am:
Apparently the ignorance that afflicts forum posters on here ...
Says the poster who doesn't seem to know the difference between tax avoidance and tax evasion.
mariacostel wrote on Dec 19
th, 2015 at 7:39am:
... also afflicts the crossbench senators who appear to struggle with understanding the normally simple concept of PROFIT. Companies pay tax on PROFIT, not revenue.
Again, incorrect. Companies do not pay tax on profit. Companies pay tax on TAXABLE profit.
You had best refrain from posting further on this topic until you have mastered the basics of corporate taxation.
otherwise they would be investigated. The reason people are upset is because like you, they are ignorant fools who think because a company has a revenue of $100M they would therefore automatically be paying $30M in tax.