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Tax Corporate Profits To Fix Peoples Teeth (Read 718 times)
whiteknight
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Tax Corporate Profits To Fix Peoples Teeth
Aug 28th, 2024 at 5:24pm
 
2024-08-28
greens.org.au
All Australians will benefit from access to dental work on Medicare, paid for by taxing big corporations that are profiting off price gouging during a cost of living crisis.   Smiley

The policy - the first cost of living help to be paid for by the Greens’ Robin Hood Reforms - was announced by Adam Bandt MP today at the National Press Club. It will be one of several key policies to help people’s economic pain, paid for by taking on big corporations through the Big Corporations Tax.

With the cost of living crisis biting across the country, the Greens will use the upcoming election campaign to highlight how the Labor and Liberal parties have rigged the system in favour of the big corporations, allowing them to price gouge their way to record profits, while only offering bandaid answers that let people down.

With Labor and Liberal lacking the guts to take on the big corporations, the Greens say that change can only come by voting for it. Putting dental into Medicare, a consistently popular scheme that will make life more affordable for millions, will only come by voting for the Greens.

The policy would ensure that all Australians would be able to access high quality dental care, simply by having a Medicare card. 97% of Australians back making dental care free, according to a survey of more than 17,500 people during a recent Senate Inquiry.

When last in minority Parliament in 2010, the Greens secured dental care for kids. But despite dental costs continuing to surge, Labor and Liberal have since failed to meaningfully build on the scheme. A recent study has found that over 60% of Australians have put off dental care in the past year, with a majority saying that their decision to avoid seeing the dentist was due to cost.

With a minority Parliament expected by commentators, the Greens will be in a strong position to push Labor to put dental into Medicare and finish the job the Greens started in 2010.

Key background information on the Greens’ plan to put Dental into Medicare:

Under the Greens plan, all items identified in the Australian Schedule of Dental Services and Glossary will be covered, ranging from cleaning, filling, to dentures and orthodontic work.
The provision of universal access to dental services was a key recommendation of the bipartisan Select Committee on the Provision of and Access to Dental Care Services in Australia.
97% of the 17,544 respondents to this Senate Inquiry agree that the government should make more dental healthcare free.
Despite promising to expand dental access to seniors in 2019, and universal dental care being in the Labor platform, the government has only retreated from these reforms.
Independently costed by the PBO, the policy would cost $46b over the forward estimates.
Speech extract from Adam Bandt MP’s National Press Club Address:

Today I also announce our policy to bring dental into Medicare and expand access to dental care to all.   Smiley

When the Greens were in balance of power in 2010, we provided free dental care for children. As a result, more than 43 million services have been provided to more than three million children.

Now, as we head towards another shared power Parliament, the Greens want to finish the job and get dental into Medicare for everyone.

If you have a Medicare card, you should be able to go to the dentist - just like you can go to the doctor - and use your Medicare card.

It’s critical that we expand Medicare so it covers everything, for everyone - and that includes your mouth. 

As anyone who’s ever had a tooth ache knows, dental care isn't optional. It’s ridiculous that this doesn’t already exist.

We know that over 60% of Australians have delayed dental care in the last year, and the most common reason was cost, at 63%. That’s a 12% increase since the last survey.

That delay seeking treatment impacts people’s lives - another national survey found almost a quarter avoid certain foods due to dental problems, and a third of people said they felt uncomfortable about their appearance because of their dental health.

It doesn’t have to be like this. We expect that putting dental into Medicare could save someone going for a simple check-up,  clean, and an x-ray, up to $182 on a single visit.

For someone getting more complex procedures on multiple teeth, they could easily save hundreds or thousands from ensuring we put dental into Medicare.

Those savings add up. We estimate that for two pensioners, they could benefit by up to $1,800 in the first year, and up to $20,000 over a decade.

For a family of two adults and two children, we think the savings could be even higher, at up to $2,600 in the first year, and up to $29,000 over a decade.

This would be meaningful change that would make a difference to people’s lives.

I would like to acknowledge the work of our Health Spokesperson, Jordon Steele-John, and his team for leading a comprehensive Senate inquiry into how to get dental into Medicare and for working with experts in the field to develop this important plan that I am releasing today.

It’s far more important that everyone in this country has access to dental care than it is that big corporations are able to make billions of dollars profits they send offshore tax free.

Labor likes to take credit for Medicare, but after 40 years, they still haven’t put the money where your mouth is by expanding Medicare to include dental care. We’re not going to stop pushing them until they do. 

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whiteknight
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Re: Tax Corporate Profits To Fix Peoples Teeth
Reply #1 - Aug 28th, 2024 at 5:37pm
 
Additional comments from Senator Jordon Steele-John, Greens Health spokesperson:

“Everyone deserves to have access to good quality dental and oral healthcare, regardless of where you live, how old you are, or your bank balance,” Senator Steele-John said.

“Having your teeth shouldn’t be a luxury - but with the cost of living crisis hurting people across the country, most people are putting off necessary dental work because it’s just too expensive.

“Every month that someone delays important dental or oral healthcare, the risks grow.

“Not being able to afford a filling today may mean that you could lose a tooth tomorrow - with the resulting pain and health impacts for the rest of your life. It’s vital that people can access preventative healthcare - it isn’t only the fair and right thing to do, it saves our public health system money over the long run.

"Australian's dental and oral health system is a system in decay. Bringing dental care into Medicare is the cure."
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lee
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Re: Tax Corporate Profits To Fix Peoples Teeth
Reply #2 - Aug 28th, 2024 at 5:58pm
 
whiteknight wrote on Aug 28th, 2024 at 5:24pm:
All Australians will benefit from access to dental work on Medicare, paid for by taxing big corporations that are profiting off price gouging during a cost of living crisis.



Now all they have to do is show price gouging, something they have significantly failed to do in the past.

So how much Return On Investment is OK and how much is not? Is 5% ok? Don't forget to take all the expenses into account. And don't forget to average the returns on individual items, otherwise you include loss-leaders and tax more on those they make the average. Roll Eyes
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Re: Tax Corporate Profits To Fix Peoples Teeth
Reply #3 - Aug 28th, 2024 at 11:13pm
 
but.... but.... but.... but.... think of the suffering shareholders!  Oh - wait a minute - they get paid regardless of the 'calculated' actual profit of the company... somehow it can run at a loss for nine years, fold up at ten  owing millions but the honchoes still have millions in their wives's accounts etc, and still manage to pay a healthy dividend... got me stuffed...

Not saying big business is shifty or anything... true story .... but if they are taxed on EXCESS profit, they need to find a new accountant....  they should be able to write it all off  or so far down it's not worth chasing .... where's Andre Hicks? He can shift anything .... Trust him ...

Best we take it out of the extra $40Bn Abocash... jeez - even the $2 coin is stamped for that duty...
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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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aquascoot
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Re: Tax Corporate Profits To Fix Peoples Teeth
Reply #4 - Aug 29th, 2024 at 5:17am
 
corporate profits drive a thriving economy

spending that money on druggies with meth mouth....not really going to make much difference  Cry Cry
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whiteknight
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Re: Tax Corporate Profits To Fix Peoples Teeth
Reply #5 - Aug 29th, 2024 at 6:06am
 
The greens are right, we need a robin Hood type of tax.   Smiley
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Carl D
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Re: Tax Corporate Profits To Fix Peoples Teeth
Reply #6 - Aug 29th, 2024 at 8:49am
 
aquascoot wrote on Aug 29th, 2024 at 5:17am:
corporate profits drive a thriving economy


lol... no they don't. That's just more profits for the corporations and shareholders who then use it to increase their own wealth.

The good old "trickle down effect", eh? Someone said once that only one thing "trickles down" and you really don't want to be standing underneath it when it does.

Quote:
spending that money on druggies with meth mouth....not really going to make much difference  Cry Cry


I agree for once.

But, what about the millions of low income workers, the unemployed and age pensioners, etc. who cannot afford to go to the dentist even for something as simple as a check up and clean due to the insane cost of living nowadays and also because the government won't put dental on Medicare?

Or are you trying to say that everyone who cannot afford to go to the dentist is a druggie?

How very 'aquascootish' of you.
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Re: Tax Corporate Profits To Fix Peoples Teeth
Reply #7 - Aug 29th, 2024 at 12:46pm
 
Not in the global economy - they (corporate profits) may drive that 'economy' for the immense profit of the few on the inside, but they suck dry local national economies.

And all those years ago I thought those people demonstrating against the global economy in Canada were a new form of hippy - ve grow too late schmart und too zoon olde!

As a nation we need to divest ourselves of the 'global economy' and its stable mate - Albo-style 'internationalism' - and declare ourselves Sinn Fein... a nation that stands alone together...  WE will decide which ideas come to live here and which do not!!

Marchons, mes enfants!
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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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lee
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Re: Tax Corporate Profits To Fix Peoples Teeth
Reply #8 - Aug 29th, 2024 at 3:03pm
 
whiteknight wrote on Aug 29th, 2024 at 6:06am:
The greens are right, we need a robin Hood type of tax.


Let's call it a Robin Bastard's tax. Grin Grin Grin Grin

I notice in todays's paper they don't get into detail about what is a "fair profit". Wink
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Laugh till you cry
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Re: Tax Corporate Profits To Fix Peoples Teeth
Reply #9 - Aug 29th, 2024 at 3:15pm
 
Taxing corporate profits would actually reduce the overall tax take because of dividend imputation and the fact that individuals have a higher marginal tax rate than corporations.

Shareholders are able to credit back the taxes paid by corporations against the shareholder's tax liabilities by imputation.

To actually receive more revenue, the government would increase its revenue from shareholders by reducing corporate profits' tax to zero. Shareholders would pay taxes on those dividends at their marginal tax rates of 37% and 45% plus the Medicare levy of 2%.
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aquascoot
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Re: Tax Corporate Profits To Fix Peoples Teeth
Reply #10 - Aug 29th, 2024 at 3:21pm
 
the greens just HATE success

they look at corporations that are doing well and rather then feel pride in them, they have to hate

they look at our country doing well and they have to have a black armband view of history

they look at all the awesome people climbing mt warning or uluru or camping with their family in national parks and they have to shut the gate

they are the most miserable low vibration losers and they only get a few votes because they can appeal to other miserable low vibration losers

if someone ever said they voted green, dont employ them
they are like a virus that will infect your business and drag it down

they are useful only as cautionary tales

if you want to be a great man full of positive energy, looking after your family, with your community admiring you, then loook at adam bandt and do the EXACT opposite of what that worm does
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Re: Tax Corporate Profits To Fix Peoples Teeth
Reply #11 - Aug 29th, 2024 at 3:24pm
 
Laugh till you cry wrote on Aug 29th, 2024 at 3:15pm:
Taxing corporate profits would actually reduce the overall tax take because of dividend imputation and the fact that individuals have a higher marginal tax rate than corporations.

Shareholders are able to credit back the taxes paid by corporations against the shareholder's tax liabilities by imputation.

To actually receive more revenue, the government would increase its revenue from shareholders by reducing corporate profits' tax to zero. Shareholders would pay taxes on those dividends at their marginal tax rates of 37% and 45% plus the Medicare levy of 2%.




https://www.smh.com.au/politics/federal/some-tech-giants-claim-as-little-as-5-pe...


Tech giants claiming as little as 5 per cent of their revenue is taxable


March 27, 2024 — 11.58am


Some of the world’s biggest tech companies report as little as 5 per cent of their total Australian revenue is taxable, as Assistant Treasurer Stephen Jones says the government will hold large multinationals to account on their tax obligations.

Apple, Google, Facebook and Microsoft earn billions of dollars a year in Australia, and Jones said he expected multinationals to “pay their fair share” of corporate income tax.
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Laugh till you cry
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Re: Tax Corporate Profits To Fix Peoples Teeth
Reply #12 - Aug 29th, 2024 at 6:45pm
 
Uncle Sam will sanction Australia if it tries to tax US corporations.
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Bobby.
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Re: Tax Corporate Profits To Fix Peoples Teeth
Reply #13 - Aug 29th, 2024 at 6:50pm
 
Laugh till you cry wrote on Aug 29th, 2024 at 6:45pm:
Uncle Sam will sanction Australia if it tries to tax US corporations.



Aussie workers on low pay  -
pay more percentage in taxes than multi-trillion dollar companies.  WTF?
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Re: Tax Corporate Profits To Fix Peoples Teeth
Reply #14 - Aug 29th, 2024 at 6:54pm
 
Bobby. wrote on Aug 29th, 2024 at 6:50pm:
Laugh till you cry wrote on Aug 29th, 2024 at 6:45pm:
Uncle Sam will sanction Australia if it tries to tax US corporations.



Aussie workers on low pay  -
pay more percentage in taxes than multi-trillion dollar companies.  WTF?


Warren Buffet said he pays less tax as a percentage than his Personal Assistant does.
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Please don't thank me. Effusive fawning and obeisance of disciples, mendicants, and foot-kissers embarrass me.
 
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