Archive for 'Tax policy'
As a tax man I have been thinking about Kevin Rudd’s idea to cut company tax in the Northern Territory to 20%.
Let me tell you a story about profit shifting, or transfer pricing as it is known in tax circles.
Tax is also an ideological tool of capital. The propaganda of equity, undermined in fact by the reality of tax trends in Australia and around the globe, hides the reality both of tax inequality and the fundamental inequality that is capitalism, built as it is on the extraction of surplus value from workers by capital.
Enough of the charades Labor and the Liberals are playing over tax. Abolish the Goods and Services Tax and soak the rich till their pips squeak.
‘Mining Tax shortfall: the experts respond’ The Conversation 8 February 2013 ‘Current super concessions favour the wealthy – so why aren’t we supporting reform?” The Conversation 8 February 2013
Posted by John, February 5th, 2013 - under Fringe Benefits Tax, Gillard Government, Gillard Labor, Not for profit sector, SACS workers, Social and Community Sector, Social and Community Service sector, Strikes, Tax, Tax policy, Tax reform, Tax the rich.
To address the Gillard government possibly undermining Fringe Benefits Tax concessions for low paid female and male workers in the Not For Profit sector, maybe it’s time for a real industrial campaign to win massive pay increases and leave the tax fiddling to big business and the rich.
I am quoted in today’s Australian. Among other things: ‘Former senior tax official John Passant concluded yesterday that the government’s need to suppress the quarterly revenue figure indicated that nothing was being collected.’ Find out why. Here is the link to the article ‘Advice fuels MRRT doubts’ by David Crowe.
It might well be a case of a stopped clock being right twice a day, but on the very day I had an article in The Conversation called Giant profits, tiny tax bills: time to close loopholes on corporate tax avoidance dealing with multinationals like Google et al and the inadequacies and problems with 20th century [...]
Posted by John, October 26th, 2012 - under ATO, Australian Tax Office, Commissioner of Taxation, Michael D'Ascenzo, Tax, Tax Office, Tax avoidance, Tax design, 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 Office, Tax avoidance, Tax cuts, Tax design, Tax expenditures, 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.
A progressive tax system in which the rich and powerful and companies begin to pay more, to pay their fair share, won’t be won from their table by being nice. We’ll have to shake their table for more than crumbs to fall off.