Archive for 'Tax avoidance'
Me in Independent Australia on Australian Prime Minister Malcolm Turnbull on transparency: Shielding the rich and shrouding gulags in secrecy
Australian Prime Minister Malcolm Turnbull says he’s keen on transparency but shields the rich from transparency on tax, shrouds our gulags in secrecy about atrocities in detention and tells us zip about his tax haven investments. Not good enough, says former Assistant Commissioner of Taxation John Passant in Independent Australia.
An annual net wealth tax on the top 10 percent of the wealth holders, abolition of the superannuation tax haven, removal of the capital gains tax concession, taxing trusts like companies, imposing a super profits tax on all industries (such as banks, not just mining companies,) making the current income tax system more progressive, with for example a 100% rate on all income greater than $250,000, are just a few suggestions that come to my mind. Of course, Labor as a party of neoliberalism won’t do anything radical. It will fiddle while the revenue Rome burns
I wrote this – Abolish the GST and tax the rich instead – over 2 years ago. In light of calls to increase the GST rate from 10% to 15%, it remains relevant today. Hit the link to read the whole article.
My article on the real leaners using information about tax avoidance and poverty will be in the next edition of Solidarity Magazine. Subscribe.
My article on tax avoidance and tax reform in the hot off the presses Solidarity Magazine.
The revelations about how little tax big business pays undermine any proposals for new or increased taxes on workers and the poor, or cuts to government spending. Every time Abbott or Hockey talk about the need to reform our tax system or cut social spending on workers and the poor, we now have a simple rejoinder—stop the cuts and tax the rich.
To read the whole article click here.
My article ‘Selfish corporate giants dodging all the tax they can’ will be published in Solidary magazine next week. You can subscribe to Solidarity magazine here.
Given that both Joe Hockey and Chris Jordan are possibly undermining the work of the Senate and this committee by not providing the names of the tax rorters, and supporting that decision, the question has to be asked: Are the Treasurer and the Commissioner of Taxation in contempt of the Senate and the Committee? If so, why aren’t their actions being investigated with a view to prosecution?
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.