Some businesses surely do pay a 30% tax on profits, adjusted for the 10% GST they collect as unpaid tax collectors, for the government.

These are invariably small businesses, retailers, family firms, contractors and tradies! Not entities like Apple, google and numerous other tax avoiding, price gouging, profit repatriating multinationals?

The latter having all the political influence and clout and desperate to avoid simple transparent clarity! As an unavoidable 15% PAYG tax with no exclusions or adjustment, would do and far far more than many pay now!

The GST was allegedly introduced as alleged tax reform to replace the company tax we used to get before 95% of Aussie corporations, allegedly offshored their activities to minimise tax? (John Howard) Quote unquote.

With the first consequence, the overwhelming bulk of them avoiding some/most/all our tax system? Yet still contributing significant tax to the haven/host country!

And given an unavoidable tax measure the only way to readdress that sharp practise and similar tax avoidance schemes!

The almost obligatory, inevitable screams of confected outrage or the usual obfuscation by the usual suspects? Who would rather see a 5% rise in the GST?

Even though that rank stupidity, would further eat into scarcer than ever, absolutely essential discretionary spending!

And subtitled, how to make a economy spiral backwards, to eventually disappear up its own fundamental orifice, without really trying.

Boy, those pearls are not only tasteless but abominably hard to chew! So why does he keep chucking them? Oink, oink.
Alan B.

For Business, the tax should be mixture of tax on turnover and a tax on profit.

Wage and salary earners do this through paying tax on their compensation, their "turnover." Compensation is not income because its compensation for the application of time, effort, expertise, experience etc. It would be income if they thought the value of their services was 'x' but in fact they received 'x' +' 'y' 'Y' being the profit.

Don't believe me? ask the ATO for a definition of 'income' I bet you wont get one!. No tax organization in the world will give you a definition of 'income.'

Don't believe me? ask the ATO for a definition of 'income' I bet you wont get one!. No tax organization in the world will give you a definition of 'income.'
Posted by Referundemdrivensocienty, Tuesday, 8 August 2017 6:53:51 PM

From the Income Tax Assessment Act 1936 (as amended):
INCOME TAX ASSESSMENT ACT 1936 - SECT 6

Interpretation...

income from personal exertion or income derived from personal exertion means income consisting of earnings, salaries, wages, commissions, fees, bonuses, pensions, superannuation allowances, retiring allowances and retiring gratuities, allowances and gratuities received in the capacity of employee or in relation to any services rendered, the proceeds of any business carried on by the taxpayer either alone or as a partner with any other person, any amount received as a bounty or subsidy in carrying on a business, any amount that is included in the assessable income of the taxpayer by reason of section 393-10 of the Income Tax Assessment Act 1997 , the income from any property where that income forms part of the emoluments of any office or employment of profit held by the taxpayer, and any profit arising from the sale by the taxpayer of any property acquired by the taxpayer for the purpose of profit-making by sale or from the carrying on or carrying out of any profit-making undertaking or scheme, but does not include:

(a) interest, unless the taxpayer's principal business consists of the lending of money, or unless the interest is received in respect of a debt due to the taxpayer for goods supplied or services rendered by the taxpayer in the course of the taxpayer's business; or

(b) rents, dividends or non-share dividends.

income from property or income derived from property means all income not being income from personal exertion.

Taxation law is not lacking definitions.