Archive for 'Australian Tax Office'
Why the Australian Tax Office is losing the battle against the ‘transnationals’.
Global companies like Google, Starbucks and IKEA are cashing in on cuts to the Australian Taxation Office’s ability to make them pay their fair share of taxes here, an ATO insider has warned.
Click here to read more.
This echoes something I wrote in 2008 for the public sector informant in the Canberra Times.
Me in today’s Canberra Times letters. Scroll about half way down. http://www.canberratimes.com.au/comment/ct-letters/big-parties-cashed-up-20140824-3e7x5.html
It is my understanding that the loss of long term experienced tax officers is already having an impact on revenue collections and with more job cuts to come the decline in collections, especially from the tax risk takers in big business, will only get worse. But not to worry. Treasurer Joe Hockey can just use that as further ‘evidence’ to back up his false claims about a Budget emergency and cut more public services and public service jobs. The 1% will be pleased.
Has newly appointed Commissioner of Taxation Chris Jordan been involved in tax avoidance arrangements for his clients or even himself? Will he, for example, release his tax returns for the last ten years?
Posted by John, October 26th, 2012 - under ATO, Australian Tax Office, Commissioner of Taxation, Michael D'Ascenzo, Tax, Tax avoidance, Tax design, Tax Office, Tax policy, Tax reform, Tax the rich.
Tax Office staff are in shock over the Labor Government’s axing of the Commissioner of Taxation, Michael D’Ascenzo. More shocks are in store. What better way to gut the Tax Office than for business to appoint one of their own to lead it? Is there an alternative? Yes. Tax the rich and give the ATO enough funding for it to do its job as the collector of tax rather than the handmaiden of business. Make the rich pay. That is something Labor won’t do.
Posted by John, October 25th, 2012 - under ATO, Australian Tax Office, Commissioner of Taxation, Tax, Tax avoidance, Tax cuts, Tax design, Tax expenditures, Tax Office, Tax policy, Tax reform, Tax the rich.
The Treasurer has today been telling us the Minerals Resource Rent Tax is working precisely as it should – not raising any tax. The hospital in Yes Minister worked perfectly too – it didn’t have any patients.
Despite the dropping of the Paul Hogan criminal investigation, the Wickenby criminal and/or tax noose is tightening around a number of other players.
Organise, organise, organise to stop the ruling class lackeys in charge of the ATO smashing unions in the workplace.
Subsidies for individual solar panel electricity generation are a dumb idea. High feed in tariffs actually impose a burden on poor and working class electricity users and benefit those well enough off to pay $23,000 or thereabouts for solar panels on their roofs. In addition the Rudd Labor Government’s former rebate scheme reimbursed the solar panel owners up to $8000 […]
Some of may have been following what I wrote about the the private equity fund Texas Pacific Group. See for example Private equity funds and the pillage of Australia. TPG made $1.5 billion profit on its restructuring investment in Myer. The money came from the US via the Cayman Islands, Luxembourg and then the Netherlands. It removed the […]