Posts Tagged ‘Corporations’

Australia needs to pay more tax.

February 14, 2018

 

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Listening to our politicians one ends up feeling we are paying too much tax. The figures from those whose job it is to come up with clear facts tell a different story. Our Prime Minister is forever ramping up the idea that if we only lower tax, Australia will boom like never before. The slightest hint that already now, with the present level of taxation, we are struggling to keep our hospitals and schools going is met with howls of derision.

https://www.weforum.org/agenda/2017/07/countries-where-people-pay-most-tax/

We seem to be doing the Fox Trot in tandum with the US where the people are also told the furphy that if only  tax would be lowered, fortunes are there for the taking. Boom times lay ahead for those that will accept taxation lowering, especially for the large Corporations. Now, like a bolt from the sky, canny journalists have discovered that most large Corporations in fact don’t pay any tax. Giving them tax cuts makes little sense.

http://www.abc.net.au/news/2018-02-14/company-tax-rate-cut-arguments-missing-evidence/9443874

No, if we would only look at countries that have much better and stronger economies including generous welfare,   pensions, unemployment money, sickness benefits  etc., we would be following the Scandinavian countries, Germany, The Netherlands, Belgium, France and many more. All the above countries have much higher overall taxation regimes, including a social tax that pays for welfare.

The opposite can also be shown that lowering tax rates go hand in hand with increasing poverty, decrease quality health services, underfunded education , infrastructure decay, public transport creaking, and much more.

Of course, the lure of lowering tax rates is music to the ears of Corporations and the rich but inevitably will show up with an increase in rough sleeping, social crumbling, and more misery. If you look at low taxation paying countries you will also see increase in incarceration, crime, shootings and  poverty.

Don’t fall for it.

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