Tag Archives: tax avoidance

TREVOR COBBOLD. Disadvantaged Students Denied Adequate Funding by Massive Tax Concessions for the Wealthy

The latest Tax Expenditures Statement shows that Australia can easily afford the Gonski funding plan to bring under-resourced public schools up to the national standard and reduce the large proportion of disadvantaged students not achieving expected benchmarks. It is simply … Continue reading

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ROSS GARNAUT. Capitalism, Socialism and Democracy. Part 2.

The Challenge of Globalisation. This is the second of a two-part series of extracts from an address which Professor Ross Garnaut gave to the Sydney Democracy Network, University of Sydney, 7 September 2016.  The full text of his address can be … Continue reading

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John Menadue. The fake discussion about state taxes.

Malcolm Turnbull’s ruse is obvious. He wants us to forget all about deficits and debt and the need for budget repair. To avoid these issues, he now tells us that if we want improved health and education services, we cannot … Continue reading

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Royal Commissions for some.

The Abbott government established a Royal Commission to harass trade unions and in the process to damage the ALP. But what we are hearing in this Royal Commission is really small beer by some union hacks. It is small scale … Continue reading

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Focus on tax avoidance, not GST hike.

Michael West, in the SMH continues his many articles on tax avoidance by major international companies who operate in Australia. He mentions many of them, including Big Pharma, Google, Paypal, Newscorp. He comments ‘How long can [these companies] continue to … Continue reading

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John Menadue. Triple-dipping by Big Pharma.

Current Affairs The major pharmaceutical companies in Australia, almost all foreign owned, keep pushing their luck at the expense of Australian consumers and taxpayers. In my series on health reform, I pointed to a minimum of $2 b. p.a. that … Continue reading

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John Menadue. Early tax avoidance: the window tax

Holidaying in Bath, I came across an early example of tax avoidance. A window tax was introduced in the UK in 1696. It was believed to be a progressive tax on the assumption that the wealthy property owners had larger … Continue reading

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John Menadue. Tax dodging may be legal, but is it fair and ethical.

Senior executives of companies like Google, Microsoft and Apple have all admitted to the Senate in the last week that they have avoided billions of dollars of Australian tax by a range of devices such as transfer pricing and earnings … Continue reading

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John Menadue. Is the state being captured by special interests?

In his recent book, ‘The Origin of Political Order and Political Decay’ Francis Fukuyama of ‘End of History’ fame, focuses on how even developed and democratic societies can be captured by powerful vested interests. He suggests that this has happened … Continue reading

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Michael Keating. The Government’s mid-year budget update. Part 2.

Where to from here?  So what is the Government’s strategy to return the Budget to return to surplus as the government has promised over the medium term? The May Budget was almost universally criticised for its unfairness. While restoring fiscal … Continue reading

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Michael Keating. Capitalism and the Economy.

As both John Menadue and Ian McAuley have argued in recent posts there are good social reasons for governments to intervene to modify the outcomes from a purely capitalist economy. Right now rising inequality and taxation avoidance by companies and … Continue reading

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Lifters and leaners in tax.

In the SMH today (27 November 2014), Michael West has a very interesting story about the leaners and lifters in the business community and the unfairness of tax avoidance by some companies. It clearly works to the disadvantage of many … Continue reading

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John Menadue. Capitalism, inequality and taxation.

In his challenging series last week on ‘Is capitalism redeemable’ Ian McAuley drew attention to how growing inequality is the cause not only of serious social concerns, but it is also presenting us with some quite serious economic problems. There … Continue reading

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Ian McAuley. Is capitalism redeemable? Part 3: Why tax avoidance is bad for business

One article of faith in the corporate sector is that low taxes are good for the economy – not only low corporate taxes but also low taxes in general. Echoing this sentiment, Treasurer Hockey and other spokespeople for the Government … Continue reading

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John Menadue. Taxes and the free riders.

Our tax system is in a mess. It is easily exploited by the wealthy who can afford expert financial and taxation advice. We hear from Alan Jones and the Daily Telegraph about dole-bludgers. The Minister for Social Services Kevin Andrews … Continue reading

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