Archive for 'Tax avoidance'
When announcing that the Abbott government wouldn’t go ahead with the repeal of section 25-90, Hockey said they would introduce more targeted changes to address the issue. They abandoned even this pretence in Monday’s Mid-Year Economic and Fiscal Outlook. Evidently it would be impractical to go ahead with any changes. Impractical for whom Mr Hockey? Your rich and powerful tax avoiding mates.
I have a simple question for the Treasurer. Why don’t you tell us what the ATO thinks about section 25-90?
Joe Hockey is the best friend the big business tax avoiders have.
My letter today to the Australian Financial Review John Without seeing the detail of the so-called ‘Google tax’, as a former Assistant Commissioner of Taxation in the international area of the ATO it appears to me there is one possibly insurmountable problem, Australia’s double tax agreement with Singapore. (Phillip Coorey and Fleur Anderson, ‘Treasurer poised […]
I have an article on tax avoidance and the G20 in Green Left Weekly. Here is how I finish it up: The best way to address the shift in wealth from labour to capital is not through the tax system but through fighting for big real wage increases. Our task should be to help build […]
Me in the Conversation today on tax avoidance: Tax haven crackdown still to deliver missing billions
A link to speaking notes on the G20 and tax avoidance: Fighting the One Percent for Tax Justice and Equity
Passant, John, Tax Avoidance and the G20: Fighting the One Percent for Tax Justice and Equity (November 4, 2014). Available at SSRN here. To view the whole paper hit the download button in the middle of the page or thereabouts.
These are the speaking notes I wrote for a talk at a conference on the G20 and tackling tax avoidance organised by Political Economy students at Sydney Uni, Action Aid and Green Left Weekly. They bear some vague resemblance to what I said in the 20 minutes I had. I finish off with: The protests against the parasites of the G20 in November in Brisbane should be one focus. Tax the rich is a slogan we can take to those protests. Real tax change won’t come from the politicians of the one percent. It has to come from us mobilising along with the mass of people for such change as part of a wider campaigns for equity and justice economically and politically. Fighting for tax justice can be and has to be part of that national and international struggle.
Far better from Hockey’s point of view that we pay $7 to doctors than that his mates pay even $7 in tax.
Australian Tax Office to lose 3000 staff by October; what happens to revenue collections from the rich and powerful, Commissioner?
The one percent has captured not only Parliament and tax policy but tax administration now too. If that is true, the conclusion we might then reach is that the slaughter of Tax Office jobs currently under way is actually an attempt to administratively reduce taxes on capital by weakening the capacity of the ATO to tax the rich and powerful. Certainly that fits in neatly with the neoliberal cut taxes mantra of most politicians and the Treasury.
Over to you Commissioner of Taxation.
Company tax avoidance is not a failing of capitalism: it is its logical expression.
There are two ways to really tax the rich. The first is for workers to win bigger pay increases to stop the bosses getting their hands on more of our money before they can play funny buggers with it. The second is to overthrow the capitalist system which produces corporate tax avoidance.
This may be the logic. Trickle down will increase revenue. The less tax we collect today from companies will magically produce more economic activity in the future. So having people in charge of the Australian Tax Office who ‘understand’ business and the realities they face is just what capital needs. To business, tax is just another cost and the lower the costs the higher the profit and the better off all of us will be
I believe in Santa Claus too.