A little off topic, but that doesn't seem to bother posters who are constantly doing it:- but the 145 or so countries who are bad-mouthing the U.S in the corrupt UN for deciding to treat Jerusalem as the capital of the Jews are in for a bit of a shock.

These countries, who are mendicants, feeding of the largesse and generosity of the U.S, have been advised by the U.S ambassador to the UN that America has noted the criticism, and it will be taken into account next time these countries put their begging bowls out for the US to fill.

The tax commissioners get close to million dollar packages and are the laziest most incompetent performers in a stellar Australian Public Service field.
Perhaps reducing wages here to peanuts would make a difference? Or, much more sensibly, no Company tax. Other taxes are put in and it would not be difficult to work some out and tell the multi nationals if you avoid them "Watch out"!
Then we get proper people to ensure that as you find a loop hole they plug it retrospectively and recharge tax avoided.
A good start would be a simple turnover tax surely?

Mhaze,

The mental contortions or simply staggering stupidity that left whingers need in order to scream blue murder when the coalition won't stump up another cool $1bn p.a. of taxpayers' money to keep a wildly unprofitable car industry, yet howl like banshees when some companies don't make sufficient profit to pay one of the world's highest corporate taxes.

That these companies pay vast amounts of royalties, GST, payroll and other taxes, and employ 100 000s of people who pay tax, is well known by these left whingers. However, to avoid their entire argument collapsing in an illogical heap they choose to pretend that they morons and lie through their teeth.

Putin and Trump buy power from corporations and UN voters. China buys votes , dirty commie rats but the UN is Trump's property and Beijing Inc may be sacked for disrespect.

".. wildly unprofitable car industry, yet howl like banshees when some companies don't make sufficient profit.."

So car companies leave Oz but the zero tax companies stay and do business. They must be trading while insolvent and bankrupt . That's a worry.

Paul1405,

So you've decided to ignore the revenue v. profit issue? Is that because you don't understand the difference or because admitting they're different would make your clueless whine appear to be a ...ahem, clueless whine. Companies that don't make a profit don't pay income tax. Throwing tantrums and wishing it was otherwise won't change that.

Exxonmobile Aust is part of the "Voluntary Tax transparency code" initiative with the tax office which ensures that there is no transfer pricing to avoid tax. So they have done nothing illegal, are completely open with the tax office about their processes but are, apparently, avoiding tax because of Apple (or something). Dill.

Then we have nick-etc who also demonstrates that he knows next to nothing about how this all works by dredging up some data on the US company's dividends to show why the Australian company should pay tax. Sit down while you're reading this nick-etc but Australian companies only pay tax on their Australian operation, not on the earnings of their overseas parents and siblings. But I guess that's another of those concepts which is too hard and can be overlooked in the overall tantrum.

tbbn,

"Whatever corporate tax cuts do, they DO NOT 'create jobs' as the wafflers claim"

The best economic analysis shows that corporate tax cuts result in the following changes after 3 years of settling in:

1. Increased dividends to owners - 20%
2. Reduce prices to customers - 30%
3. Increased wages and staffing- 50%

Your assertion is mere assertion - ie free of fact or understanding. In the US, tax cuts announced 2 days ago are already seeing companies announce wage increases and bonuses and plans to expand operations with the consequent increase in jobs. Indeed over there, job growth has been booming on the mere expectation of tax cuts.