Archive for '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.
I love it when thieves fall out. The front page of The Australian today (Saturday) has analysed the tax position of Clive Palmer’s companies. They haven’t paid tax for 6 years. I am so looking forward to the Australian’s forensic analysis of the tax position of News Corpse both in Australia and globally. Black kettle […]
If we don’t fight we will lose. The 25000 who turned up to the May Day Rally in Brisbane on Sunday show the will to resist is there. They have seen the Abbott future. Its name is Campbell Newman. Now to turn the will to fight back into action. The union bureaucrats won’t do that. Most of them will gasbag for a little while and then surrender without any fight at all, without any strikes. That is why it is important for us to organise in our unions against Abbott’s attacks and for a better life.
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.
Tax is ultimately an extraction from surplus value. Surplus value comes out of the unpaid labour of workers. It is the difference between the value of the worker’s labour power and the value created by the labour done. Through the process of circulation and exchange in the marketplace this surplus value finds expression in various forms and is distributed to the members of the band of hostile brothers. Thus the tax system taxes capital on its profits, landlords on their rent, shareholders on their dividends, and financiers on their interest-profits. It taxes workers on their wages. All of these appearances – profit, interest, rent, dividends, and wages – are the monetised price forms of surplus value created by productive workers in the production of commodities, goods and services for sale on the market. The income tax system hides this essence and reinforces the appearance of capitalism at the expense of this deeper reality of the exploitation of labour.
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.
Priorities eh? Scrap the school kids bonus and increase the superannuation tax on those people earning less than $37000 while at the same time saving multi-millionaire superannuants about $20,000 in tax a year and multinational companies $600 million a year. Class war anyone?
There is an alternative to finding new ways to tax workers and the poor. There is an alternative to the Goods and Services Tax. Tax the rich.