That is debatable !
Yes. Coz it sure aint coming from this bunch of anachronistic a holes we currently call a Federal Government.
So this taxing massive multi-nationals…that’s actually going to happen?
On one hand, good on them for doing that.
As long as they don’t go overboard congratulating themselves for what is…so obvious it makes me tired to even be talking about it.
Government fudging the figures to push the usual agenda. This will increase prices hugely and lower reliability just as it has in SA. Luckily a change of government will likely occur.
Can you explain how it will do those two things?
Very simplistic. Increasing taxes for multi nationals simply increases costs to the consumer as they are required to continue to increase shareholder value.
For example the governments recent bank tax is simply an increase of our tax under another name.
Because of the cost of new infrastructure and because of the inconsistent nature of renewables. Storage is also required and this is conveniently left out of the costing.
SA has proven this to be true.
That is perhaps the…
No, look. Fine.
Well, not likely under this mob. But they have squandered more millions in funding an ad campaign saying that they are.
So that should do it.
A bit like the BP ads saying they have to do well because people invest their super in it.
They did change the transfer pricing rules. Dunno how serious they were about it though. Apple, who are one of the worst culprits when it comes to avoiding Aust tax by complex international financial shenanigans, reported yesterday that the new rules will have precisely zero effect on them. And if they can weasel their way through loopholes in the new laws, so can anyone…
I admire your ability to continue to not only believe, but also perpetuate falsehoods.
It has been proven and explained time and time again that the national energy grid, wet lettuce regulation, poor quality of cheap, privatised infrastructure and federal government indifference and inaction coupled with a lobbyist driven propping up of the fossil fuel industry has led to increased prices and lower reliability.
But please, carry on.
And what is the cost of status quo as a comparison or your preferred model?
Compare every other state to SA. It’s actually great to have a current example that proves this even though this will be denied.
So, staying as is and avoiding an SA style model, I should expect my prices to double by 2020/21?
You’re right. It’s great to have an example that proves the national energy grid, wet lettuce regulation, poor quality of cheap, privatised infrastructure and federal government indifference and inaction coupled with a lobbyist driven propping up of the fossil fuel industry has led to increased prices and lower reliability.
This poster was apparently a tacky stunt by SSM advocates
The ATO is claiming a big win on Chevron transfer pricing. Australia has been active in the OECD efforts on multinational tax transparency via the Global Transparency Forum which sets standards and reviews tax legislation in around 130 countries. This assists in combatting tax evasion/avoidance and is a start, although repatriation of capital seems to be a problem. There is more legislation coming from the Budget measures and we should expect ongoing litigation.
The IT sector is under the pump in the current Senate inquiry. O’Dwyer is suggesting that the government should not give contracts to the sinners.
Funny they were picked up on the rule that has been there for many many years.
Tax avoidance. Setting up your interests in a way for the pure purpose of avoiding tax.