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John Passant

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Keep socialist blog En Passant going - donate now
If you want to keep a blog that makes the arguments every day against the ravages of capitalism going and keeps alive the flame of democracy and community, make a donation to help cover my costs. And of course keep reading the blog. To donate click here. Keep socialist blog En Passant going. More... (4)

Sprouting sh*t for almost nothing
You can prove my 2 ex-comrades wrong by donating to my blog En Passant at BSB: 062914 Account: 1067 5257, the Commonwealth Bank in Tuggeranong, ACT. More... (12)

My interview Razor Sharp 18 February
Me interviewed by Sharon Firebrace on Razor Sharp on Tuesday 18 February. http://sharonfirebrace.files.wordpress.com/2014/02/18-2-14-john-passant-aust-national-university-g20-meeting-age-of-enttilement-engineers-attack-of-austerity-hardship-on-civilians.mp3 (0)

My interview Razor Sharp 11 February 2014
Me interviewed by Sharon Firebrace on Razor Sharp this morning. The Royal Commission, car industry and age of entitlement get a lot of the coverage. http://sharonfirebrace.com/2014/02/11/john-passant-aust-national-university-canberra-2/ (0)

Razor Sharp 4 February 2014
Me on 4 February 2014 on Razor Sharp with Sharon Firebrace. http://sharonfirebrace.files.wordpress.com/2014/02/4-2-14-john-passant-aust-national-university-canberra-end-of-the-age-of-entitlement-for-the-needy-but-pandering-to-the-lusts-of-the-greedy.mp3 (0)

Time for a House Un-Australian Activities Committee?
Tony Abbott thinks the Australian Broadcasting Corporation is Un-Australian. I am looking forward to his government setting up the House Un-Australian Activities Committee. (1)

Make Gina Rinehart work for her dole
(0)

Sick kids and paying upfront

(0)

Save Medicare

Demonstrate in defence of Medicare at Sydney Town Hall 1 pm Saturday 4 January (0)

Me on Razor Sharp this morning
Me interviewed by Sharon Firebrace this morning for Razor Sharp. It happens every Tuesday. http://sharonfirebrace.com/2013/12/03/john-passant-australian-national-university-8/ (0)

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Big business, it is time to come clean on tax

This is a link to my article in Monday’s Canberra Times on tax avoidance.

I end up with:

‘If big business wants to win back the trust of working class taxpayers who pay more tax than them, in some cases literally and in many cases as a percentage of their income, then it is time for those companies to explain how it is that their tax contribution is zero or small. After all if they have nothing to hide they should have nothing to fear from telling us their full tax story.’

For my own selfish, ’employ me more regularly Canberra Times!’ reasons, and because I think it highlights an important class division, help make this go viral.

Companies have tax questions to answer as working class taxpayers pay more tax than them.

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Comments

Comment from Chris Warren
Time December 28, 2015 at 9:45 am

Exactly right. Australia’s tax system is class based. Capital has shifted most of the burden onto workers and pensioners.

For example, when capitalists buy shares, they pay no GST or sales tax, even though shares are an asset.

The Tax regulations categorise share purchases as a financial supply and therefore GST exempt.

But the amount of shares transactions appears to exceed Australia’s wage bill. All tax free for capitalists.

We need to tax share transactions just like sales tax on asset purchases such as houses. Shares are an asset and can be used as collateral for loans, and you can borrow money to purchase shares.

Each year over 1 TRILLION of shares transactions occur, so a 3-4% tax would reap 30 – 40 BILLION.

Further, the amount of foreign exchange is even greater. Currently spot FX turnover is about $15 billion per day, see RBA table F09.

Surely a trivial tax here would reap 100 Billion per year.

But the capitalists control Parliament.