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The Forum > Article Comments > Facing up to Facebook > Comments

Facing up to Facebook : Comments

By Russell Grenning, published 7/6/2018

Facebook shifted its business operations to Ireland in 2010 and, surprise surprise, laws protecting data in Ireland are 'widely considered' to be less stringent than anywhere else.

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PRIVACY/ WHAT A STRANGE NEW AND NOVEL IDEA!

If you ask me, Facebook is shifting HQ to Ireland to take advantage of their current tax laws? And for no other genuine reason?
We could get them Amazon etc., and other quite massive Data collecting entities (the new economy) to relocate to these shores, bringing their massive taxable windfall with them! If we but used the brains we were born with and jettisoned our scrambled egg tax laws, in favour of something far simpler and entirely unavoidable!
That is, a flat tax of 15 %, that just doesn't include any deductions for any reason! Rather like a GST or VAT that every boy and his dog pays, as PAYE or PAYG. And because there are no deductions reconciliation or consequent, quite massive and unproductive, ultra costly money churning! And 2% more in real money than any corporation paid in actual real dollars, to consolidate revenue, for the year ending 2017
The average tax compliance costs (7%) can be fully returned to the bottom line! Meaning our effective rate would then be 8% or if you will, 4% lower than the Irish rate of 11%, unadjusted?
tYet still collect more actual revenue (multiple billions) from he same cohort of commercial enterprises here. Given none have paid more than 13 cents in the dollar as their actual contribution to inland revenue after deductions!
Even so, the cost of their savings from a 35% tax rate cost the average bottom line some reported 7%.
So, the net effect on the average bottom line of corporations that paid all the tax they're currently liable for, including tax compliance costs, has been it total an averaged 20%.
Yet we can't seem to rationalize our tax system in favour of the above?
Why?
Because our present system supports thousands of powerful parasitic tax practices and a swollen ATO!
NOTHING ELSE! Unless it's a recalcitrant government addicted to and reliant on bracket creep to balance the budget/create a future surplus someday!?
Or perhaps when bluebirds fly over the rainbow?
Alan B.
Posted by Alan B., Thursday, 7 June 2018 11:19:50 AM
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With about 90% of Facebook users not even implementing the most basic security/privacy measures, I have doubts as to whether this privacy thing is an issue for more than a handful of activists.
Posted by Shadow Minister, Thursday, 7 June 2018 4:04:22 PM
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Yes SM, anyone who is interested in privacy would avoid Facebook like the plague.
Posted by Hasbeen, Thursday, 7 June 2018 5:48:46 PM
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National media organisations like ABC are mouthpieces for intelligence agencies and foreign policy and social engineering like the Washington Post is to the CIA.
We're part of five-eyes, why should you expect it to be any different, and how else can one explain the ABC's programming. (BBC, CNN etc.)
Likewise social media is just an extension of the same thing.

One manipulates the people, the other spies on them.
Posted by Armchair Critic, Friday, 8 June 2018 10:31:35 AM
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