Archive for 'Tax'
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 […]
My article (with others) on the taxation of payments for household solar panel generated electricity has just been published in the Australian Tax Review. ‘Are returns received by householders from electricity generated by solar panels assessable income?’ (2014) 43 AT Rev 263. Our answer is yes, where the electricity is fed back into the grid. […]
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.
I agree with Finance Minister Matthias Cormann. Taxing the rich and well off could easily address the Budget ‘emergency’ and have enough left over to adequately fund better public health, public education and public transport as well as a move to a fully renewable energy society over the next decade.
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.
Where does all this income – profits, rents, dividends, interest, wages etc – and the taxes imposed on it, come from? It is the wealth (or more precisely, in Marxist terms, the surplus value) we workers create that we are talking about. It is ours. We should decide where it goes, not the parliamentary popinjays of profit.