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The Forum > Article Comments > Tax reform for small business > Comments

Tax reform for small business : Comments

By Peter Hendy, published 17/6/2014

The net result has been that over the last six years 412,000 jobs were lost in small business. In fact the small business share of the private sector workforce went from 53% to 43%.

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...The Asian example of small business enterprise and individual entrepreneurial success, is its lack enforcement of regulation: Tax in Asia is paid in the form of bribe! Read corruption.

...If Australia is to compete in Asian success model of small business, then we need urgently a comparable culture of "looking the other way"!

...I think Australia is already on the road to doing just that. Thirty percent of the Australian trade for services is in the unregulated cash economy; no tax payable! Its in this illegal trading, that small business best thrives. Cash in hand allows for cheaper and more affordable services, with a trading edge! The guarantee of quality of service, lies in the mutual protection that "silence" brings; mutual bribing between purchaser and provider, in effect.

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Posted by diver dan, Tuesday, 17 June 2014 1:17:42 PM
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Neither of the major parties give a stuff about small business because they are owned by big corporate interests.

Nothing will change until our whole system collapses and that is not far off.
Posted by Arjay, Tuesday, 17 June 2014 8:58:05 PM
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Hendy is notionally the MP for Eden-Monaro but apparently he's a Canberra political animal who only visits Queanbeyan in his electorate.

Hendy doesn't respond to his constituents.

Hendy has been declared AWOL by the rest of his electorate who haven't seen him since early September 2013.

If anyone spots Hendy in Canberra schmoozing can they remind him that he'll lose his $200,000/year job next Election unless he starts to do the job he was elected to do.

Passed on from non-Queanbeyan constituents.
Posted by plantagenet, Wednesday, 18 June 2014 5:28:47 PM
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