Are High Taxes this simple?
- Thread starter thomaska
- Start date
Reading through this thread, I'm curious about whether or not any of the posters work for a living, or are business people?
Few of these posts show much knowledge about manufacturing, taxes, businesses, etc.
Few of these posts show much knowledge about manufacturing, taxes, businesses, etc.
are you sure they do?
In Australia multi-national companies dont pay taxes....a politician (Pauline Hanson)tried to introduce a 2% easy tax where everone payed 2% tax, even multi-national companies but the gov bowed under pressure form these companies and it was "laughed" it out of parliament.
but when you sat down and worked out the numbers, the gov would end up with more money than do now......big business eh?
In Australia multi-national companies dont pay taxes....a politician (Pauline Hanson)tried to introduce a 2% easy tax where everone payed 2% tax, even multi-national companies but the gov bowed under pressure form these companies and it was "laughed" it out of parliament.
but when you sat down and worked out the numbers, the gov would end up with more money than do now......big business eh?
Multinational Tax Evasion.
The present GST agenda to provide a quick fix to our economy, is coupled with a parallel attempt to balance the budget by selling off Telstra. But it will be a further three years before the dire consequences of GST will become evident, and by that time, the Coalition has hopes of having GST entrenched firmly into Australian taxation.
But the real problem behind Australia's failing economy is the enormous degree of foreign ownership, the highest among OECD nations. And the Coalition is determined to extend that trend. Consider the Australian Bureau of Statistics (ABS) all-over figure of 42.6% foreign ownership. In 1995-96, ABS figures indicated foreigners paid only $10 billion in tax, that is just 9% of our overall taxation revenue. Yet this is just the tip of the iceberg. If we take into account nominee shareholders (not included in ABS figures) the degree of foreign ownership is likely to be closer to 90%. A conservative $200 billion goes out of Australia each year, thus escaping the tax net.
Multinationals are given an open welcome to come into Australia to compete on our markets and take their profits overseas, while paying little or no tax. This in turn creates unfair competition which forces Australian-owned (tax-paying) companies out of business and a loss of income for the Australian Government. The lack of money staying in the country results in lack of money for development, and therefore leads to unemployment. If we did not give so many favours to internationals, if we were to do our own development, then the money would stay in the country and so would the profit, which would create more employment. Here then is the hidden reason for Australia's failing economy. But most of the figures are kept secret in Treasury, ABS, and the Tax Office. The States must link together and insist upon recognition of economic equity and demand also access to these vital economic figures. Then they will see themselves why there is no money for infrastructure and hospitals and bandaid solutions such as GST are not given in depth investigation and public airing before holding elections on them.
Solution to Australia's long-term economic problems
The present GST agenda to provide a quick fix to our economy, is coupled with a parallel attempt to balance the budget by selling off Telstra. But it will be a further three years before the dire consequences of GST will become evident, and by that time, the Coalition has hopes of having GST entrenched firmly into Australian taxation.
But the real problem behind Australia's failing economy is the enormous degree of foreign ownership, the highest among OECD nations. And the Coalition is determined to extend that trend. Consider the Australian Bureau of Statistics (ABS) all-over figure of 42.6% foreign ownership. In 1995-96, ABS figures indicated foreigners paid only $10 billion in tax, that is just 9% of our overall taxation revenue. Yet this is just the tip of the iceberg. If we take into account nominee shareholders (not included in ABS figures) the degree of foreign ownership is likely to be closer to 90%. A conservative $200 billion goes out of Australia each year, thus escaping the tax net.
Multinationals are given an open welcome to come into Australia to compete on our markets and take their profits overseas, while paying little or no tax. This in turn creates unfair competition which forces Australian-owned (tax-paying) companies out of business and a loss of income for the Australian Government. The lack of money staying in the country results in lack of money for development, and therefore leads to unemployment. If we did not give so many favours to internationals, if we were to do our own development, then the money would stay in the country and so would the profit, which would create more employment. Here then is the hidden reason for Australia's failing economy. But most of the figures are kept secret in Treasury, ABS, and the Tax Office. The States must link together and insist upon recognition of economic equity and demand also access to these vital economic figures. Then they will see themselves why there is no money for infrastructure and hospitals and bandaid solutions such as GST are not given in depth investigation and public airing before holding elections on them.
Solution to Australia's long-term economic problems
Hammers are sold by the pound. You should switch to anti-personell hammers, the big ones, the market is opening up for inovation like that.
The Anti-Personel hammer market bottomed out with the invention of armour piercing close range firearms commonly referred to as pistols. That removed the use of plate armour, removing the need for hammers. Cause a brief upswing in the sword market though.
They sure do. As long as they generate revenue in Canada it is subject to Canadian Taxation laws. ( I work for a multinational).