Archive for 'Tax'
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.
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.
Me just published in the Canberra Law Review (as a fairly basic prelude of sorts to talking about Marx on rent) ‘Taxing economic rent is one key element in tax reform in Australia and sets possible directions for the future. This paper introduces readers to the ideas of Adam Smith and David Ricardo and others on rent to aid understanding of the debates about economic rent today.
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.
Gillard has not ruled out tax increases either, but her talk about sharing the pain means that the burden of tax increases will be borne by you and me, not the rich. It is all about priorities.
Labor won’t tax the rich. Instead it has attacked the vulnerable, like single parents and those sectors it wants to further privatise, even if under government tutelage, like universities.
Is there an alternative? Labor could tax the rich. It isn’t rocket science. Here are a few examples.
Me on superannuation and the death rattle of the ALP in The Conversation.
I have written recently to the Australian Financial Review – a newspaper in the process of joining the fruitcake faction of capital and becoming a more educated version of The Australian – on mining companies and tax and superannuation. In the interests of free speech for more than just billionaires and their sycophants I reproduce below my to date unpublished letters.
Taxing the rich and spending the money on the poor and workers isn’t ‘socialism’ but it will make life better for them. It will require a shift to combativeness by the working class to put tax the rich back on the political agenda.