Thread: List of companies in Australia that paid no tax.

Well I must be one of those "bastards" as I have been avoiding and using every legal trick possible for the last 20 yrs.

I have only been a wage earner but have had a couple of very astute financial advisers over that time , which has seen me enter retirement very happily.

I think some people here know very little about taxation or they wouldn't be saying the things they are.

These companies are doing nothing wrong , breaking no laws , but are continuing to add value to most of your lives.....just as I have done for myself.

Originally Posted by scarry

Wrong there,actually,in real terms,almost half the wage earners pay no tax at all,due to government handouts.This issue has been in the media recently as the number of people in this situation is increasing.

I am self employed and we pay a lot of company tax.Sure we minimise it,who wouldn't.

But there is no way we would be able to pay none.

I also pay a lot of land tax,one of the unfairest taxes of all.

Well if you were as rich as Packer and his cronies and could afford to OWN a Government and the shonkiest lawyers and accountants you would be paying no TAX.
These Leeches on society live like Kings, they have Mansions, Yachts, Planes, Luxury cars, ridiculously expensive clothes, etc., and THEY DON'T MAKE A PROFIT TO PAY TAX ON.
So all this over the top lifestyle is a TAX Deduction, not to mention the $millions Packer gambles.
So this Bastard pays no TAXES because he earns no Profit from his Companies, I'm really starting to feel sorry for this bit of SCUM of the earth and I also feel sorry for those on here that support, believe and condone these "within the law" tax avoidance schemes (remember the Bottom of the Harbour scheme). No wonder the Country has gone to ****, the Rich (aka scum tax avoiders) get richer and the Poor (known as the working class that ACTUALLY EARN the money) get Poorer and that's exactly what Packer and HIS Government want.
Australia under Packer is turning into a 2nd rate country, with NO (or very little) Manufacturing industries. We will become a MINING and Agricultural country with no Industry, we will export Cash crops and unprocessed Mineral ores and IMPORT everything we used to manufacture or VALUE ADD here.
Unions will be non-existent, employment and wages and social services under the control of the BIG BOSSES and their Government.
Packer has HIS Money and his Government and he pays no TAXES, Hail Packer, Regards Frank.

Now you're talking Personal Tax vs Company tax...

50 "Rich bastards" income tax hardly makes a dent in the total pool...

And unions are one of the primary reasons nothing is made in Australia now... That and your Superannuation- which is invested heavily in these big companies you hate so much.. So when they make shareholder returns YOU reap the rewards...

Hypocrisy is rife when people don't understand how the system works.

Originally Posted by Tombie

Now you're talking Personal Tax vs Company tax...

50 "Rich bastards" income tax hardly makes a dent in the total pool...

And unions are one of the primary reasons nothing is made in Australia now... That and your Superannuation- which is invested heavily in these big companies you hate so much.. So when they make shareholder returns YOU reap the rewards...

Hypocrisy is rife when people don't understand how the system works.

Well said

Good to see your back………....

Originally Posted by Tombie

Now you're talking Personal Tax vs Company tax...

50 "Rich bastards" income tax hardly makes a dent in the total pool...

And unions are one of the primary reasons nothing is made in Australia now... That and your Superannuation- which is invested heavily in these big companies you hate so much.. So when they make shareholder returns YOU reap the rewards...

Hypocrisy is rife when people don't understand how the system works.

And you have shown you know little to nothing, open your eyes, if not your mind, Regards Frank.

This thread reminded me of an old joke, although I don't view it as a joke, but more reality.

The tenth man in this is one of the "leeches" who, I will point out, employs thousands of people, probably lots of people on this forum.
If we did not have these leeches, there would only be government jobs
and we would end up like Greece.

Probably a tad off topic but here it is anyway

Let's put tax cuts in terms everyone can understand.

Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this:

The first four men (the poorest) would pay nothing.
The fifth would pay $1.
The sixth would pay $3.
The seventh would pay $7.
The eighth would pay $12.
The ninth would pay $18.
The tenth man (the richest) would pay $59.

So, that's what they decided to do.

The ten men drank in the bar every day and seemed quite happy with the
arrangement, until one day, the owner threw them a curve. "Since you are all such good customers," he said, "I'm going to reduce the cost of your daily beer by $20." Drinks for the ten now cost just $80.

The group still wanted to pay their bill the way we pay our taxes, so the first four men were unaffected. They would still drink for free. But what about the other six men, the paying customers?
How would they divide the $20 windfall so that everyone would get his fair share?
They realized that $20 divided by six is $3.33. But if they subtracted
that from everybody's share, then the fifth man and the sixth man would each end up being paid to drink his beer.

So, the bar owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay.

And so:
The fifth man, like the first four, now paid nothing (100% savings).
The sixth now paid $2 instead of $3 (33% savings).
The seventh now pay $5 instead of $7 (28% savings).
The eighth now paid $9 instead of $12 (25% savings).
The ninth now paid $14 instead of $18 (22% savings).
The tenth now paid $49 instead of $59 (16% savings).

Each of the six was better off than before and the first four continued to drink for free. But once outside the restaurant, the men began to compare their savings.
"I only got a $ out of the $20, "declared the sixth man. He pointed
to the tenth man, "but he got $10!"
"Yeah, that's right," exclaimed the fifth man. "I only saved a $,
too.
It's unfair that he got ten times more than I!"
"That's true!!" shouted the seventh man. "Why should he get $10 back when I got only two? The wealthy get all the breaks!"
"Wait a minute," yelled the first four men in unison. "We didn't get
anything at all. The system exploits the poor!"
The nine men surrounded the tenth and beat him up.

The next night the tenth man didn't show up for drinks, so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They only had enough money between all of them for half of the bill!

And that, boys and girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.

Originally Posted by Tank

And you have shown you know little to nothing, open your eyes, if not your mind, Regards Frank.

Both are very open thanks for the suggestion.

I have been a business owner, a wages earner and a member of corporate Staff (current).

I work my arse off to ensure that Blue Collar workers - the ones who do the work and keep companies alive - yes, the true assets of a business - still have a place to come and earn their money.

I work my arse off, to try and keep a business making Cashflow, which is even more critical than Profit, so these people can pay their mortgages, feed their families, hopefully make a decent living.

I work my arse off, challenging members of the Executive board to propose ideas that may, MAY, just keep the business viable - so that the board doesn't decide to close down major segments resulting in lay offs.

I took a Salary cut, along with others, to help with cash flow and cost saving initiatives- whilst the business passed on Pay increases **to its labour force**.


So, good Sir, may I recommend a little self education. Remove your Union blinkers, set aside your "oh the poor workers, always getting screwed" brain washing... And sit back, open your mind, do the research and you may come to an understanding...

No CEO is worth what they're paid... But those contracts are usually performance based - make the stock holders a good return and rewarded in kind.
Big business; like it or not keeps the wheels turning - big business = jobs..
Public listed companies exist because of Share holder investment - and they need to return on that investment - or you won't get Superannuation worth a damn.
They need to continue to invest phenomenal amounts at times - often for very little return on investment..

And YOU - could be wealthy too - wealth is usually created by people willing to take enormous risks (many of us won't - safety and security in our lives often inhibit us taking the chance).

If YOU want to make a difference - learn how economics works - it's incredibly complex how mankind has made it...
A product of many wanting just "that little bit more"...

The reality is - there are thousands of people just like YOU deciding the very fate of everyone who works in the business I'm contracted to... They are the people who have super funds, which own the shares, which give the funds (stock holders) the rights to demand actions of the board - which often in these times - with the result of job losses.

So every time YOU buy something not produced here, not value added here, or even not handled by a local distributor/agent... Then YOU are contributing to the very situation that YOU are protesting about.

And example even on this site... You can buy parts/accessories/services from several Aussie vendors all of which import some of their products.. Or you can buy them direct from the UK just that bit cheaper...
And then those locals don't eat, their kids don't get to go on that school excursion... THEY don't get to live the great Aussie dream that they are working their arses off to provide their families....

Does this post seem aggressive? Probably.
Is it meant to be? Yes, a little.

Think of it this way... Those "fat cats" have paid you a wage that fed you, clothed you, and in later years will see you with some money coming in when you are no longer working.

When you have a firm understanding of CashFlow, EBITDA, PAYG, Superannuation investment etc you may well see things just a little bit differently - or you may not.

Envy doesn't look good on anyone.

And one last comment.

Whilst all the wages guys are paid an hourly rate (with loadings and penalties etc) for every hour they work...

Perhaps spare a thought for those of us just a little up the ladder - on Salary - yes, our hourly rates look much more appealing - right up until you open your eyes and see:

That I and many other "Staffy *******" (a colloquial name for Staff around here) - are pulling 14-16 hour days, covering multiple facets of work, on call all weekend, attempting to build sustainable business plans...

Take our hourly rates and divide them into that 80+ hour working week, all done at FIXED income levels...

And you may just find that my fellow Staff members hourly rates work out to be a LOT less than many..