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The Forum > General Discussion > Government aid to corporations

Government aid to corporations

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Hi Ttbn,

In a word:

Google.
Posted by loudmouth2, Monday, 20 April 2020 2:28:46 PM
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Hi Steele,

If Australia followed suit what harm/benefit would
this cause or give us?

Denmark we're told is among the first countries in
Europe to slowly end its lockdown. Apparently schools
re-opened on Wednesday for the youngest students and
small businesses will be able to open for customers
again shortly.
Posted by Foxy, Monday, 20 April 2020 3:02:20 PM
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Dear loudmouth2,

Virgin Airlines is a case in point. They did not pay a drop of tax on the 62 billion dollars of revenue they pulled over the last four years.

Their corporate affairs arrangements means all the profits are shifted overseas to tax havens. Richard Branson lives in the British Virgin Islands which is unsurprisingly a tax haven.

It is one thing to support companies who have paid taxes for years to support the Australian system. They are legitimate recipients of support during the current downturn.

But when these foreign owned, tax dodging, multinationals hold out their hand for corporate welfare after contributing zilch then the stance the Denmark government has taken really should be just and justifiable.

Dear Foxy,

Yes Denmark along with the other Scandinavian countries with the exception of Sweden has done pretty well in containing the disease. The fact that Denmark borders German who are also doing well and not Sweden gives them a fighting chance of course.

I certainly don't think they are out of the woods yet by any means. I do applaud their stance on corporate welfare for overseas companies though. It would be great for Australia to look to do something similar.
Posted by SteeleRedux, Monday, 20 April 2020 3:32:37 PM
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Dear Steele,

I agree - I don't think that Denmark is out of the
woods yet regarding the coronavirus. And I also
have to admire their stance on corporate welfare
for overseas companies.

I wonder how many overseas companies here in Australia
pay no or very little tax and why doesn't the ATO
do something about it?
Posted by Foxy, Monday, 20 April 2020 3:58:12 PM
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Joe,

Google yourself. The person who started the thread should be telling us whether or not our government gives money to tax cheats. There's no point asking if we should stop doing something, or refuse to do something a la Denmark if we are not doing it in the first place. I suppose I shouldn't expect so much from capitalist- hating lefties who are used to thinking that they should be cheered everytime they say, industry, capitalism, tax, right wing and other trigger words.
Posted by ttbn, Monday, 20 April 2020 4:06:41 PM
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stop all renewable subsidies that is fraudulently ripping people off and no money for incompetents like Rugby Australia or any other sport. Also stop all arts funding as well as the abc. Let people choose to pay if they want this stuff.
Posted by runner, Monday, 20 April 2020 4:14:03 PM
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