The National Forum   Donate   Your Account   On Line Opinion   Forum   Blogs   Polling   About   
The Forum - On Line Opinion's article discussion area



Syndicate
RSS/XML


RSS 2.0

Main Articles General

Sign In      Register

The Forum > Article Comments > Of necessity, tax avoidance has become a key preoccupation for much of middle Australia > Comments

Of necessity, tax avoidance has become a key preoccupation for much of middle Australia : Comments

By Brendan O'Reilly, published 21/4/2022

Overall, it is believed that 50 per cent of all income tax in Australia is paid by 10 per cent of the working population.

  1. Pages:
  2. Page 1
  3. 2
  4. 3
  5. All
Leave it to the Greens. They want to tax big business and and employers out of the country, and the rest of us will have no income to tax.
Posted by ttbn, Thursday, 21 April 2022 8:51:34 AM
Find out more about this user Recommend this comment for deletion Return to top of page Return to Forum Main Page Copy comment URL to clipboard
Tax avoidance is quite legal.
Tax evasion is not.
Long live tax avoidance.
Posted by ateday, Thursday, 21 April 2022 9:50:46 AM
Find out more about this user Recommend this comment for deletion Return to top of page Return to Forum Main Page Copy comment URL to clipboard
It's a mirage, the top tax in actual dollars transferred to the ATO by any company in Oz 2017 was just 13% with some paying as little as 4% with as many as 40% paying no tax to anybody. And the better off, can so arrange their finances so they never pay more than 15% of their income as tax! And possible due to our highly complex tax laws! The whole rotten mess needs to be jettisoned and could be if there was a political will!

Moreover, if we had one tax rate at just an unavoidable 15% above a generous tax-free threshold and measured against the foregoing facts, we'd likely double internal revenue.

Further, if that were so, we'd need no reconciliation, tax lawyers etc. Or tax compliance costs which average at 7%, meaning, this money could be returned to the bottom line! And the adjusted tax rate would in real terms be just 8%! As the tax lawyers/accountants and other nonproductive parasites scream and rent their garments! the average joe would pay at least 15% less tax.

Then if we could emulate China and remove the profit demanding, paper shuffling middleman, we could halve the cost of living and or doing business!

All the above is doable with political resolve!

That it's not " possible" is due to the fact many of our "representatives are in bed or in the pockets of aforementioned? If there is any other rational, logical explanation, it escapes me!
Alan B.
Posted by Alan B., Thursday, 21 April 2022 10:02:18 AM
Find out more about this user Recommend this comment for deletion Return to top of page Return to Forum Main Page Copy comment URL to clipboard
Two certainties in life, death and taxes.

Dan
Posted by diver dan, Thursday, 21 April 2022 10:30:33 AM
Find out more about this user Recommend this comment for deletion Return to top of page Return to Forum Main Page Copy comment URL to clipboard
Tax Evasion?

I just tried to get a Tiling job done. Only 8.8 Square meters a straight Rectangular room with miminual cutting ( three tiles or 6 straight cuts. Quotes ranges from $1800 to $800.

I went online to a couple of those Tradie Sites & had seven replies.

Only one included the GST. All the others were well over priced & they said they were doing me a favour for doing a Cashie. Cashies seem to be much more prevalent in the Immigrant Community.

Every one of these people were either Asian or Middle Eastern. Three of the Tilers had just move from interstate & three had no credentials & weren't registered.

The same happened with a Painting job at my last house.

Why is that?

I did the job myself & didn't do a bad job, If I say so myself.
Posted by Jayb, Thursday, 21 April 2022 10:38:42 AM
Find out more about this user Recommend this comment for deletion Return to top of page Return to Forum Main Page Copy comment URL to clipboard
Jayb: "All the others were well over priced ..."

So how did you decide that they were well over-priced? Considering that you received *seven* quotes and at least six were in your opinion over-priced, I think it's more likely that your expectation was well under-priced.
Posted by thinkabit, Thursday, 21 April 2022 11:44:17 AM
Find out more about this user Recommend this comment for deletion Return to top of page Return to Forum Main Page Copy comment URL to clipboard
  1. Pages:
  2. Page 1
  3. 2
  4. 3
  5. All

About Us :: Search :: Discuss :: Feedback :: Legals :: Privacy