Thread: Is This Fair?

Possibly not, but the only real question is "is this legal?". Fair doesn't come into the real world.

Originally Posted by BigJon

Possibly not, but the only real question is "is this legal?". Fair doesn't come into the real world.

I understand that, but I think this situation smacks of fraud. If you or I did something similiar ( on a much smaller scale naturally) the tax office would pursue us for tax evasion.

Originally Posted by BigJon

Possibly not, but the only real question is "is this legal?". Fair doesn't come into the real world.

No, Fair does come into the real world. Its the bull**** political/corporate world where fair doesn't exist.....

How many others are in the same boat? Nearly every other big company probably (think mining tax). If it wasn't for the PAYG tax payers of this country we would be in big trouble. I agree that it is a form of legalized fraud.

Originally Posted by Gerokent

How many others are in the same boat? Nearly every other big company probably (think mining tax). If it wasn't for the PAYG tax payers of this country we would be in big trouble. I agree that it is a form of legalized fraud.

If their taxable income was almost zero, they would have paid no mining tax, as this is an additional tax on profits.

As for every other big company - think for example BHP - they are the largest mining company in the world, and pay sufficient company tax that their dividends are fully franked.

John

Originally Posted by JDNSW

If their taxable income was almost zero, they would have paid no mining tax, as this is an additional tax on profits.

As for every other big company - think for example BHP - they are the largest mining company in the world, and pay sufficient company tax that their dividends are fully franked.

John

All very well if you are a "good corporate citizen" but this mob appear to be pursuing "aggressive tax avoidance tactics". I think it was Kerry Packer who said ""anybody who pays more than their fair share of tax is a fool" (or words similiar), which is fair enough, We all look to pay as little tax as possible by legal means. But those who avoid tax by fraudulent means should be vigourously pursued by the tax department.

It is accepted by our government.

My son , a trainee biomedical technician has just had his tool allowance...TFYT....removed.

He is only in his first year of training and doesn't get a serious income .....govt approved rates......and still needs to purchase specialised tools and equipment.

He has been offered loans up to $20,000 under the new Trade Support Loans Program pending legislation.

Mate, I hear you. I really don't want to turn this Thread into an anti-government rant, which is against Forum rules.

My point is, ANYBODY who does not pay their fair share of tax should be investigated.