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Thread: More tax lost on energy etc.

  1. #1
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    Default More tax lost on energy etc.

    Very interesting article from ABC news.
    More of the big companies avoiding tax.
    How much is being avoided and imagine how much money Australia could be earning with stronger laws and enforcement.
    I hope the link works !!!


    https://www.abc.net.au/news/2022-06-...e=abc_news_web

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    Default Re: More tax lost on energy etc.

    Two points on this one.
    First, I never trust ABC as there is always a political bias in most of their reporting.
    An commission has been set up by the managing director of same to investigate instances of such bias.

    Secondly, most companies are able to employ some of the smartest accountants in the world.
    They find ways of legally avoiding, not evading, tax that the tax man and gov have not even considered.

    Then the reason we have so many overseas companies investing in Oz is that there are not enough such here with the capital to do so.
    Happy daze John in Oz.

    Life is too short to blend in.

    John Strange R737787
    World Traveller

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