Archive for 'Tax avoidance'
Given the widespread opposition to the 2014 Budget, the one percent have drawn an important lesson from that debacle – consult with the intended victims before launching attacks on poor people and workers. That is what the tax discussion paper is about. This Damascene conversion to talking to people begs the question – is a tax shit sandwich no longer a shit sandwich if it has consultation sprinkles on top? To ask the question is to answer it. The solution to the tax and budgetary dilemmas seems pretty clear. Tax the rich.
Private company owners told the Abbott government they feared being kidnapped if the public knew how much their private companies were worth and their income. The government fell for it. What nonsense. If you believe this kidnap crap, I have a bridge in Sydney I would like to sell you too.
No doubt all those companies in Vanuatu (especially those with some sort of Australian connection) which have benefited from not paying any income tax there and perhaps reducing their Australian and other country tax will be chipping in lots to help the country after the catastrophic Cyclone Pam destroyed a number of lives and livelihoods. Oh …
Labor’s tax avoidance crack down statement was the old pea and thimble trick. It wants to give the impression of doing something about big business tax avoidance (always a popular issue among ordinary workers) without really frightening the big business horses. Pathetic is the word that comes to mind.
The next time the Treasurer tells you he has to cut pensions, aboriginal services, women’s refuges, health or education funding, ask him why he doesn’t shut down the section 25-90 rort and use the $600 million a year on something socially useful. What about it Mr Hockey? This of course is the same Mr Hockey happy to see Chris Jordan, the former NSW manager of major tax avoidance ‘planning’ firm, KPMG, and current Commissioner of Taxation, destroy the Australian Tax Office and its already meagre capacity to police the rich and powerful tax avoiders and evaders. Regulatory capture is the word I think we are searching for here, Mr Hockey.
The outcome of neoliberal policy since 1983, when Hawke Labor began implementing it and laid out the red carpet for Howard and then Abbott, has been a massive shift in wealth in Australia from labour to capital. The process of neoliberal regulatory capture in tax policy and tax law has now, if Second Commissioner Mills’ speech is any indication, also successfully infected the administration of the Australian Tax Office. All the sweet words in the world will not disguise the fact that the fox is now in charge of the revenue hen house.
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