The ATO (Australian Tax Office) has released the names of 670 companies that paid NO corporate tax in the 2014-2015 financial year.

in taxavoidance •  8 years ago  (edited)

So all you Regular Joes out there, bend over and take one for your government, while their pals get away with whatever the hell they like.

If all these companies can get away with paying no tax, why can’t I?

These are companies earring in excess of $100,000,000 (ONE HUNDRED MILLION DOLLARS), $200,000,000 (TWO HUNDRED MILLION DOLLARS!), and some over $1,000,000,000 (that’s over a BILLION dollars) - and they’re paying ZERO corporate tax!

Why can’t I? Why do I have to pay 33% tax on my merger savings? Savings earning a poultry 2.9% interest per annum. And the government take 33% of that 2.9% interest. PLUS my income tax, taken directly out of my pay packet each and every week without fail.

I’m a peasant. Well, not really, but compared to these fat cats that are pocketing millions of dollars while avoiding tax I’m a peasant.

It’s so fucked up that the little worker bees get screwed at every turn, while those bastards get away with whatever they like.

ABC news has presented this data in sortable table (linking here as they don’t have a Steemit share button yet).

So these companies include

  • GOOGLE
  • APPLE
  • ACER
  • Hewlett Packard
  • Vodafone
  • Warner Bros.
  • NEC
  • MYOB (yeah, the people that make and sell software that helps YOU calculate how much tax YOU have to pay!)
  • NIKON
  • Canon
  • Fujifilm
  • Fuji Xerox,
  • ETIHAD AIRWAYS

… The list goes on and on, and while many of the companies listed I’ve never heard of, as you can see from the few I’ve listed above, many are household names, including more than one that I’ve spent a shit-ton of money with recently.

BASTARDS!

…if only we all earned enough to not pay tax!

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Everyone in Australia pays tax. It's unavoidable. It's just how you structure what you do to pay the least you can.

Putting aside the morality and ethical arguments I see this as the tip of the iceberg in the Government releasing information that is apparently PRIVATE. Next we will see lists of individuals who pay no tax, then the tax you pay, then ... it goes on.
Security over this information is already very poor in most countries.