It's a pleasure, sonofgloin.

>>Thanks or your input P<<

I only hope you found it interesting.

Sonofgloin of course you aren't going anywhere with Pericles, she is simply an attack dog & against anything not the current left position.

Answers or improvements in the system are not of interest to her.

That's quite amusing, Hasbeen.

>>...of course you aren't going anywhere with Pericles, she is simply an attack dog & against anything not the current left position.<<

Which part of my explanation to sonofgloin represents a "current left position"?

I would have thought that sonofgloin's opening stance, redolent of anti-capitalist fury at the evil corporations and their oppression of the working man, was far closer to a "current left position" than anything I contributed.

But what do I know, eh.

So sonofgloin, where do you think the largest tax payers, as a group, get ther incomes from, corporations.

In fact, without corporations we would revert back to growing and making things to use as both food and/or to trade with because even the likes of our modern day communications avenues are provided by corporations. So while you may well ask how much tax they pay, you should also consider how much tax they generate, because without them it would be survival of the fittest, every man for himself, so be careful what you wish for sonofgloin.

The other issue many either don't get, or choose to ignore, is the huge difference in how corporate and personal income taxes are paid.

Where a PAYG income earner pays their tax, then claims back deductions, corporations claim deductions first, then pay tax. Corporations also pay taxes such as payroll tax, capital gains tax, FBT and of cause the dressed tax in advance, based on a prediction of the future years earnings.

Then of cause there is the issue of millions of dollars paid by corporations acting as tax collectors, all of which is performed as a 'gift' to the tax department meaning that corporations pay for this collection but don't get reimbursed.

So it's important we look at the whole picture, not just the juicy bits the media feeds us.

Rehctub, >> Where a PAYG income earner pays their tax, then claims back deductions, corporations claim deductions first, then pay tax. Corporations also pay taxes such as payroll tax, capital gains tax, FBT and of cause the dressed tax in advance, based on a prediction of the future years earnings.<<
This is from the ATO:
“Income received by individuals is taxed at progressive rates, while income derived by companies are taxed at a flat rate of 30%”

I don’t give a tinkers cuss for your position that corporations should be free of tax because they employ multitudes. As I said to Pericles if bringing employment is the qualification for getting the tax breaks that legally allow you to pay 8% tax instead of 30%, why do small and medium sized employers pay 30%......they also employ people.

In exactly the same fashion as a “family trust” excludes those with the money from paying the same tax as their neighbour, small and medium business do not have the capital or reach to avail themselves of the lucrative tax breaks written in to minimise the tax corporations pay.

Butcher>> Then of cause there is the issue of millions of dollars paid by corporations acting as tax collectors, all of which is performed as a 'gift' to the tax department meaning that corporations pay for this collection but don't get reimbursed.<<

Stop being an apologist for the corporations.....all small and medium businesses have also carried the burden of being a tax collector and collator. I worked with Pac Dunlop thirty years ago and HO in Melbourne had dozens employees looking after their tax liability and they paid 23% tax on their net profit after all claims and liabilities.

Sorry sonofgloin, but I disagree.

Small corporations pay far less in taxes than you may think as many of them have undeclared income, and as corporations are mostly public companies, they don't have this.

Small corporations often trade goods and services as well, another form of undeclared income.

The top 20% of income earners, most of which are corporations paid 74% or so of our income taxes, so of cause we should be encouraging them to stay, because wit out them we will fold. I say this because large corporations usually project manage then engage small corporations to do the work and employ most of the masses.

Large corporations are simply working within the perimeters of our tax laws and, if the laws are wrong, then change them, but, and I stress the 'but', be very careful what you wish for because the reality is we need them far more than they need us.

You also forget that we are one of the most expensive countries in which to do business with the scheduled withdrawal of Hoden, Ford and Toyota, once the subsidies were withdrawn being evidence enough to suggest others will follow should we impose further restrictions on them.

At the end of the day, with 74% of our income tax revenues being paid mostly by large corporations, that's on ship we should think carefully about before we decide to rock it, as not only do they pay these taxes, they also provide the majority of the taxes generated, albeit indirectly, because without them there would be no real jobs to speak of.

The answer in my view is tax reform, not tax crack down.