Corporate Tax Cheats
Luxembourg tax files: the Australian companies engaged in tax avoidance.
Ikea , the Future Fund, Lend Lease, AMP and Macquarie Group are among dozens of Australian companies using elaborate, legal structures to cut their tax bills, leaked documents reveal read more:
http://www.theguardian.com/business/2014/nov/06/luxembourg-tax-files-the-australian-companies-engaged-in-tax-avoidance
The government is pushing for the poor, the sick and the elderly to pick up the budget bill, while corporate tax dodgers get off with paying a pittance. A good example, Ikea. They pay a meagre 3% while the rest of the population pays 30%. Why is this allowed to happen? Corporate tax cheats are costing Australian taxpayers billions of dollars — money that could be funding our hospitals, universities and social safety net.
Micha,
Most topics wander, provided they come back to their roots from time to time I see no drama.
I can recall paying some $25,000 in tax one year in the early 90s when one of WAs leading businessmen only paid $8,000.
That I was a wee bit peeved at the unfairness of the situation goes without saying.
He had access to the breaks, as salaried staff I did not.
Take it easy.
SD