Results 1 to 5 of 5

Thread: I still don't understand why nobody cares about Tax Free Corporates

  1. #1
    Senior Member
    Uncle Fester's Avatar
    Join Date
    Jan 2008
    Location
    Commonly found in a pantry or the bottom of a fridge, searching for grains, fermented or distilled
    Posts
    6,417
    Thanks
    2,293
    Thanked 4,421 Times in 2,522 Posts
    Rep Power
    2049
    Reputation
    81918

    Default I still don't understand why nobody cares about Tax Free Corporates

    While they mention Qantas hasn't paid tax in 10 years, OBVIOUSLY, they managed to stay in debt, while Mr Joyce reaps in 25million p.a.,
    other profitable corporates mentioned haven't paid tax since 2013/14 year:

    My question is what happend at that time to our tax system that allowed so many Big Businesses to find these conveniant loopholes? ...ummm Abbott and Hockey happened, what a strange coincidence.
    Of course we all have trust in Turnbull's mouth that he will do something about that, seeing somebody mentioned it a couple of years ago. Yeah ...RRRIGHT.

    And here and interesting analysis about the useless 65 billion corporate tax cut that we REALLY can't afford:



    Yeah leftie dribble you all gonna say?

    Lets just keep focussing on collecting peanuts from the poor, because everything else is difficult for the public to understand.
    Last edited by Uncle Fester; 14-02-18 at 11:48 AM.
    Update: A deletion of features that work well and ain't broke but are deemed outdated in order to add things that are up to date and broken.
    Compatibility: A word soon to be deleted from our dictionaries as it is outdated.
    Humans: Entities that are not only outdated but broken... AI-self-learning-update-error...terminate...terminate...



Look Here ->
  • #2
    Administrator
    mtv's Avatar
    Join Date
    Jan 2008
    Posts
    19,912
    Thanks
    7,519
    Thanked 15,074 Times in 6,765 Posts
    Rep Power
    5651
    Reputation
    239465

    Default

    Quote Originally Posted by nomeat View Post
    Edit, the title should show: Tax FREE Corporates
    Fixed

  • The Following User Says Thank You to mtv For This Useful Post:

    Uncle Fester (14-02-18)

  • #3
    Super Moderator
    enf's Avatar
    Join Date
    Jan 2008
    Location
    Canberra
    Age
    70
    Posts
    17,797
    Thanks
    16,854
    Thanked 35,092 Times in 9,096 Posts
    Rep Power
    13732
    Reputation
    647049

    Default

    Quote Originally Posted by nomeat View Post
    While they mention Qantas hasn't paid tax in 10 years, OBVIOUSLY, they managed to stay in debt, while Mr Joyce reaps in 25million p.a.,
    other profitable corporates mentioned haven't paid tax since 2013/14 year:

    My question is what happend at that time to our tax system that allowed so many Big Businesses to find these conveniant loopholes? ...ummm Abbott and Hockey happened, what a strange coincidence.
    Of course we all have trust in Turnbull's mouth that he will do something about that, seeing somebody mentioned it a couple of years ago. Yeah ...RRRIGHT.

    And here and interesting analysis about the useless 65 billion corporate tax cut that we REALLY can't afford:



    Yeah leftie dribble you all gonna say?

    Lets just keep focussing on collecting peanuts from the poor, because everything else is difficult for the public to understand.
    Hahahaha...it IS leftie dribble.....jeeesus nomeat. Like it's only happened over the last what? few years? Ya gotta be kidding...but blame everything on Abbott...it's what lefties do.

    The fact that the ALP Broadcasting Corporation even says 10 years ought to have actually rung a bell. There was an ALP government in power for much of that...
    The fact that there's a highway to hell and a stairway to heaven says a lot about the anticipated traffic flow.

  • #4
    Premium Member
    mandc's Avatar
    Join Date
    Jan 2008
    Location
    Gold Coast
    Age
    70
    Posts
    3,747
    Thanks
    1,995
    Thanked 2,560 Times in 1,311 Posts
    Rep Power
    908
    Reputation
    29275

    Default

    Quote Originally Posted by nomeat View Post
    While they mention Qantas hasn't paid tax in 10 years, OBVIOUSLY, they managed to stay in debt, while Mr Joyce reaps in 25million p.a.,
    other profitable corporates mentioned haven't paid tax since 2013/14 year:
    I really love that table showing how much each company earned over a three year period but did not table their costs..WTF? What sort of biased bullshit is that?

    You can earn $3 million in a year but if it costs you $3.1 million to earn that, you pay no tax. Putting up a table of earnings only is garbage reporting.

    Do they legally juggle the books to minimise tax?....sure..as does anyone who uses an accountant or tax agent. This has been going on forever and is used by our beloved politicians as well...even labor politicians nomeat.....Gasp!
    Last edited by mandc; 14-02-18 at 01:09 PM.

  • The Following 2 Users Say Thank You to mandc For This Useful Post:

    enf (14-02-18),lsemmens (16-02-18)

  • #5
    LSemmens
    lsemmens's Avatar
    Join Date
    Dec 2011
    Location
    Rural South OZ
    Posts
    10,613
    Thanks
    11,898
    Thanked 7,075 Times in 3,347 Posts
    Rep Power
    3160
    Reputation
    132872

    Default

    'twas the point, that I was going to make, too, mandc. Any, and all of us, have those legal loopholes to jump through, too. Who, willingly, pays more tax than he has to? SOME of the rules might need to be changed, but, if the large companies were forced out of the market, what would the flow on effects to the economy be? With the end of automotive manufacturing in OZ, how many of those communities (I'm talking suppliers and staff) have survived unscathed?
    I'm out of my mind, but feel free to leave a message...

  • Bookmarks

    Posting Permissions

    • You may not post new threads
    • You may not post replies
    • You may not post attachments
    • You may not edit your posts
    •