Multinationals continue to avoid tax

Multinationals continue to shift profits offshore to avoid paying tax.

Multinationals continue to avoid tax

Australian businessman, Gerry Harvey, has accused business lobby groups of pushing the interests of profit-shifting multinationals after the release of Apple’s Australian accounts.

Apple turned over more than $6 billion in local sales last financial year, but paid just $80 million in tax. In comparison, Harvey Norman and Seven West Media turned over $1.5 billion and $1.8 billion respectively, and paid $89 million and $94 million in tax. An investigation by Fairfax Media last year showed that, over the past decade, around $8.9 billion in untaxed profits had been shifted from Apple's Australian operations to Ireland.

Speaking about the business lobby groups, Mr Harvey said: “They [multinationals] have lots of lobbyists in Canberra trying to present their case as to why they shouldn't be penalised [over tax]. They're arguing that they should be treated unequally. That's a very hard argument.”

Executive director of the Corporate Tax Association, Michelle DeNiese said: “We agree that large corporates should be paying their appropriate share of tax.”

University of Sydney Business School Professor, Antony Ting said: “It appears that Apple is still able to shift most of its profits from Australia with its tax structure, which most likely is perfectly legal under the current tax law.”

The Australian Tax Office is currently investigating 10 multinationals operating in Australia.

Read more from SMH.com.au
Read more from BusinessInsider.com.au
Read more from TheAge.com.au

Opinion: Profit shifting must be outlawed

Multinationals, such as Apple, have been shifting profits offshore for decades to avoid paying tax at the Australian rates. Instead, through creative accounting, the profits end up in the company’s Ireland books where taxes are paid at a lower rate.

Just how much these multinationals are moving offshore is anyone’s guess, but a simple comparison of tax paid against gross revenue shows that Apple paid 1.3 per cent compared to Harvey Norman at 5.9 per cent. If Apple was to pay at the same 5.9 per cent rate on its gross revenue, in theory, it should have paid up to $354 million in total taxes. Instead, the company only paid $80 million, so what of the $274 million shortfall?

Governments all around the world have been turning a blind eye to multinationals shifting profits offshore and it’s time they got serious on bringing back the billions in tax lost to corporate tax avoidance each year. Australia must take a stand against profit shifting, by changing the law and working closely over the next decade with the biggest offenders.

What do you think? Should multinationals that shift profits offshore be publically named and shamed? Would knowing this stop you from buying products or services from these companies? Should the Australian government be fast-tracking changes to the tax laws in order to outlaw profit shifting?





    COMMENTS

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    mogo51
    29th Jan 2015
    10:29am
    Instead of attacking pensioners and the poor in this country, the Government would receive more support from the public if they enforced the tax laws of this country on multinationals, this has been going on for years.
    Kali-G
    29th Jan 2015
    12:57pm
    Absolutely!
    MICK
    29th Jan 2015
    2:49pm
    Is this story any real surprise. The rich have always had their outs. Remember the Bottom of the Harbour scheme? Left in place for years so that the rich could milk it. In more recent times remember the large sums of money the rich could put into their superannuation accounts? Let go for almost 2 decades so that the rich could avoid their top marginal tax rate (49%) and instead pay the much lower superannuation levy of 15%....then to withdraw this money tax free on retirement.
    Big companies rorting the system which would see an individual doing decades behind bars is the norm and governments of both persuasion conveniently refuse to see what is obvious to them.
    And people continue to want one side or the other to govern them? Really? What does that say?
    particolor
    29th Jan 2015
    4:25pm
    Why Stop there !! Drag out the Books and get some BACK TAXES !!
    Aussiefrog
    29th Jan 2015
    5:35pm
    Agreed 200%, Phony Rabbott can tax the multinationals instead of ripping off the people on the bottom of the ladder! Remember this when you'll be voting!
    Retired Knowall
    29th Jan 2015
    5:40pm
    They are not breaking any Australian Laws, so enforcing the current laws wont make any difference. It's the whole financial system that needs an overhaul, from multi nationals to the grubs bleeding our welfare system dry.
    MICK
    29th Jan 2015
    5:56pm
    Come on Knowitall. Do you really think that our government cannot force companies to transfer profits overseas? All they need is an 'Arm's length transactions' clause...as is used for private citizens. After that the Tax Office can make claims of whether or not it considers a transaction to be technically fraudulent or not.
    This is not rocket science and just requires a bit of backbone from our deadbeat elected representatives who spend more time seeking election funding and pandering to minority groups lest they vote against them then doing the real job of government. And you wonder why I keep calling for Independents to be voted in. AT least that way you get proper government.
    maxchugg
    30th Jan 2015
    11:57am
    I have been complaining for ages about the inequities in the tax system, including on this site, where paying tax is optional for the wealthy, haven't I, Mick?
    But the government continues to pick on the soft targets, pensioners in particular, and run for cover whenever the prospect of facing a QC arises.
    Abby
    1st Feb 2015
    2:59pm
    Well said Knowall
    Nannarobyn
    29th Jan 2015
    11:01am
    There isn't any country that would not benefit from having multinationals pay proper taxes, so why can't the leaders get together and make an international tax agreement so we all benefit? The multinationals act like they are a law unto themselves, and in fact have greater revenue than some countries which they only have to share with their shareholders. They have prospered through investment and innovation and taking advantage of governments with no long term vision and static thinking. It's time for international tax laws to be in agreement so there is no incentive for the creative accounting employed by the multinationals.
    Polly Esther
    29th Jan 2015
    11:49am
    It's a ridiculously small bite of the apple, something for everyone to chew over.
    It's evasion that's what, so why doesn't the Govt. ensure they get to the core of this problem.
    particolor
    29th Jan 2015
    4:27pm
    Apple will get sore if You go for their Core !!
    Anonymous
    30th Jan 2015
    5:10pm
    How come the previous government did not crack down??
    Wstaton
    30th Jan 2015
    6:30pm
    And the current government continuing not to crack down.
    particolor
    1st Feb 2015
    4:16pm
    Crack Downing is Obsolete !!
    Tom Tank
    29th Jan 2015
    12:09pm
    It is the politicians and multi-national companies who are enjoying "The Age of Entitlement" not the ordinary person in the street. So Joe get off your backside and DO what you said you were going to do until the lobbyists got to you.
    Jen
    29th Jan 2015
    1:00pm
    Absolutely, Tom.
    MICK
    29th Jan 2015
    2:51pm
    I'll be a monkey's uncle if Joe is doing any more than talking the talk. Whilst I am informed that there will be legislation by the end of the year I have my doubts and if there is I bet there are loopholes for the rorting multinationals to continue on their way.
    Gra
    29th Jan 2015
    7:33pm
    The Coalition won't do a damned thing to stop this. To start with that would not be in the interests of Rupert Murdoch and we know only too well he pulls the strings of his puppets in parliament, Abbott and Hockey. I wonder how long before Peta Credlin lasts before Murdochs demands she goes are bowed to.
    Pass the Ductape
    30th Jan 2015
    5:55am
    Hmmmm! You have a point Gra. I think we should have a good think about this fellow Murdock. Who died and left HIM in charge of the country? I don't remember him getting any votes in the last election, so I think he needs to butt out of Australian politics and stick his head back up his *#@* instead of telling our politicians how to do their job.
    Anonymous
    30th Jan 2015
    5:11pm
    Murdoch should keep his mouth shut...he is not even an Australian
    Wstaton
    29th Jan 2015
    12:26pm
    I disgusts me that very little (although they say they are) is being done about this and all the effort is been done on screwing the low paid, pensioners and disadvantaged.

    I would pass a law that only allows corporate conglomerates who is doing this to only sell locally in stores in Australia and only from online stores operated in Australia with a .com.au Australian TLD.

    Only expenses occurred in Australia would be allowed.

    That would fix those profit shifting rapists.

    If this government can infringe our rights with meta data collection then then this should be easy.

    As far as I am concerned this is another war and affects us just as much (probably more considering the fallout by money being taken from lower paid that can lead to suicides, malnutrition leading to deaths) than what the IS is doing to us.
    disillusioned
    29th Jan 2015
    12:28pm
    How will we ever know when many of the senior investigative officers with specialized skills have been made redundant form the tax office??
    particolor
    29th Jan 2015
    4:29pm
    Shareholders !!
    gilstamp
    29th Jan 2015
    12:50pm
    Instead of pursuing tax equality with these multinationals (it's too hard), this government is actively negotiating the Trans Pacific Agreement which allows the companies to sue any country in an international court for anything which goes against their interests. This type of litigation is already being applied to several countries.
    Jen
    29th Jan 2015
    1:03pm
    This is something that truly worries me, probably more than anything, yet Abbott is forcing Australia into the TPA.
    MICK
    29th Jan 2015
    2:53pm
    It is a worry and one wonders whose interests are being set in concrete. Just like the Free Trade Agreement with China will LEGALLY permit China to bring its workers into the country so too will giving multinationals the right to sue open up a can of worms which cannot be foreseen.
    Jen
    29th Jan 2015
    1:00pm
    Yes it's the bleeding obvious that this and previous dopey Governments should be expecting Apple to pay more its fair share in tax, but will they?

    And yes profit shifting must be outlawed. But will they?

    Something very wrong when our governments work against, rather than for, Australia. Would being expected to pay more tax cause Apple to ditch their products to Austrlaia? I doubt it! Apple products are much loved by Australians and we're making Apple a fortune, same as everywhere else.
    Kali-G
    29th Jan 2015
    1:00pm
    Sadly if Hockey had any brain, he would change the taxation system fast to catch these wholesale burglars.
    Sadly he is just a middle level accountant only good with screwing the ones who can least afford it.
    While Rome burnt..nero fiddled....Abbott and Hockey ....we have no faith in you two.
    Give Morrison a go...he stopped the boats, the muslims..and he has balls.
    Jen
    29th Jan 2015
    1:06pm
    Swap two fools with a dangerous, evil fool?
    MICK
    29th Jan 2015
    2:56pm
    The questions Kali-G are if Hockey is part of the corporate team, if multinationals contribute to Liberal Party re-election campaigns and if Hockey is being pushed to act and going along with the game. We should know by the end of the year.
    Wstaton
    29th Jan 2015
    1:01pm
    I am exceedingly puzzled.

    It is my understanding that corporate tax on profits in Australia is 30%.

    My understanding also is that profits are what's left over after taking into account all expenses relating to creating that profit.

    Then as you stated $8.9 billion of profits were shifted to Ireland shouldn't this mean that Apple should had paid 2.9 billion in tax.?

    We also scream about our corporate tax rate as being to high. It's 40% in USA (in 2014).
    MICK
    29th Jan 2015
    2:58pm
    Its called a fiddle. They do it with dubious 'transactions' within their own group of companies. If the Tax Office had an 'arm's length transaction clause' like it uses for individuals then much of the problem could be fixed as any audit would quickly establish that the money was really going to the company itself.
    KSS
    29th Jan 2015
    1:05pm
    Here we go again "the poor pensioners' pitted against multinationals. The two are very separate issues and must be kept that way.

    It may be immoral that companies such as Apple are able to minimise their tax obligations in Australia (and elsewhere) but what they are doing is not illegal. That is a necessary distinction. They are NOT avoiding paying tax. The current laws allow for certain deductions and these organisations take full advantage of their allowances. The laws do not require them to pay tax at the same rate or conditions as Australian companies. I have no doubt there may be some 'gilding of the lily' by creative accountants, just as there are for some individual tax payers (e.g. claiming extra mileage, a new briefcase every year....) but for the most part what is happening is completely legal. And yes, it may be unfair but that doesn't make it against the law.

    What does need to happen is a total overhaul of corporate taxation laws. The loopholes closed, and a level playing field established that treats all those trading in Australia as Australian companies and subject to the same taxation and exemptions. Money made here should be taxed here.

    In addition the issue of geo-pricing must also be reviewed. Companies such as Apple not only make money from the favourable taxation laws, they also charge Australians more for the same products - whether physical (iphones) or digital (iTunes). They also actively prevent Australians from buying more cheaply overseas by locking devices so they won't work here. This all needs to stop.
    Wstaton
    29th Jan 2015
    1:13pm
    If this is the definition on what companies should pay also read my previous comment. This is from the KPMG website. I assume they know what they are talking about. Then partly what you say is untrue.
    ________________________________________________________

    The corporate tax rate is 30%. The corporate income tax rate applies to both resident and non-resident companies. A resident company is liable to corporate income tax on its worldwide income and capital gains. A non-resident company is liable to corporate income tax on its Australian-source income only, and on capital gains from the disposal of an asset that is taxable Australian real property (TARP). Broadly, TARP will include Australian real property and certain indirect interests in Australian real property. The Australian tax system provides taxation relief against international double taxation by granting foreign tax offsets in some circumstances and in others, by exempting the foreign income from Australian tax. The corporate income tax rate applies to income earned during the period from 1 July to 30 June of the following year. If a company has approval to use a different year-end for tax purposes, the approved period must still relate to a 30 June year-end (that is, the year ended 31 December 2012 in lieu of 30 June 2013).
    KSS
    29th Jan 2015
    1:49pm
    "The Australian tax system provides taxation relief against international double taxation by granting foreign tax offsets in some circumstances and in others, by exempting the foreign income from Australian tax."

    This is precisely where the level playing field ceases to exist and where multinationals can legally minimise their tax obligations. In the Apple case they send the income to Ireland where they pay a lower rate. This is NOT available to Australian companies. This being my point exactly. International companies have tax laws and deductions available to them that Australian companies don't.

    Money made in one country should be taxed in that country where the money is made. The laws need to be changed to make that happen.

    So what part of what I have said is untrue?
    Wstaton
    29th Jan 2015
    2:30pm
    According to the above the profits were made in Australia and tax at the above rate should be applied. I understand by sleight of hand when people pay by credit card they get around this by the fund being transferred to an overseas account (I suspect in Ireland).

    I also understand that the double taxation applies to the offset amount. The corporate tax in Ireland is 12.5% therefore if double taxation was in effect then the amount here would be paid at 30% - 12.5% = 17.5%.

    This is also not the case because I think Apple would have many problems justifying the double taxation.

    It would be good if any Tax savvy people could maybe clarify this.
    Kato
    29th Jan 2015
    2:35pm
    You can give it any name you like and make it legal but that does not make it moral.
    Just legalised theft.
    MICK
    29th Jan 2015
    2:59pm
    You are spot on with this one KSS. Well written.
    Wstaton
    29th Jan 2015
    3:33pm
    I think we have got away from things here. We are not talking about extravagant expenses here to reduce the amount of tax paid. We are talking about them shifting profits from Australia to Ireland to avoid paying the 30% tax on it.
    Nothing to do with gilding the lily.

    All the expenses are justified here but not all the profits. (well a bit of the profits to justify the expenses).

    As far as having to have worldwide agreements to do this, what balderdash we are a sovereign country we can set our laws to overcome this. If they want our business well pay the tax.

    We already have an International Australian tax put on us by these international conglomerates, paying lots more that elsewhere. Aren't we dummies we proliferate this by buying the damn things.

    What do people pay $900 for? Not much more than I can do with my $73 smart phone if any.

    They reckon an Iphone 6 costs about $200 to produce giving apple 69% profit. Add the Australian international tax then this probably approaches 100%.

    Then not happy with that the have to screw us again by not paying the relevant tax here.

    I sometimes wonder whose side some people are on we Australian or the 1%.
    KSS
    29th Jan 2015
    4:22pm
    Wataton I think we are on the same side here. The fact is they actually pay less tax than an Australian company. I doubt they are all breaking the law in doing so. We agree that laws need changing. I agree Australia makes its own rules - or should. We need reform in this area and in geo-pricing so Australians pay the same as everyone else for the same product.
    Wstaton
    29th Jan 2015
    4:41pm
    Maybe we are KSS. I do not know how even under existing rules they can get away with it. It is said that they offset $5.5 Billion in local costs that has one MP scratching his head.

    It can be read at

    http://www.gizmodo.com.au/2013/02/apple-is-about-to-get-slapped-over-its-australian-tax-bill-by-the-government/
    Wstaton
    29th Jan 2015
    4:52pm
    Goodness I just realized the above article was written TWO years ago. Talk about pontificating.
    doggone
    29th Jan 2015
    1:10pm
    this is the reason why last years budget was deemed so unfair.
    all the budget repair was to be carried on those least able to afford it but big earners got off virtually scot free.
    if the government REALLY put fairness into the economic pie then solving australia's debt problem could be overcome relatively quickly.
    Oldie84
    29th Jan 2015
    2:28pm
    The only one here who makes sense is KSS.
    This is a problem that needs International co-operation. One country alone can't do it. I thought they started the ball rolling ( albeit slowly) at the recent G20 conference.
    No-one will pay more tax than they have to, including those who complain.
    MICK
    29th Jan 2015
    3:02pm
    It is not uncommon for the rich to make rules which suit themselves. That is why the Carbon Tax and the Mining Tax were repealed as these had very little to do with the economy and everything to do with profits in the mining industries.
    International taxation is not too different and one rightly needs to ask WHY was the tax system not structured to catch these corporate criminals? The answer should not come as any surprise.
    jackeroo
    29th Jan 2015
    2:57pm
    Most definitely!
    dougie
    29th Jan 2015
    3:59pm
    This is so simple just change the Taxation Laws. Make it illegal to shift profits before Tax is calculated and paid.

    However would you ever get the two major and the Independents to vote for this ?

    Would the Government have the guts to introduce such a bill ?

    If not does the Opposition have the guts to introduce such a bill ?

    Would the Independents support such a bill ?

    These are questions which should be directed to the leaders of each major party and to each of the Independents. Do this and you will see where responsibility lies in this Federal Government.
    RB
    29th Jan 2015
    5:43pm
    Immediately!!
    Jurassicgeek
    29th Jan 2015
    6:00pm
    yep tax the multinational companies properly and leave the pensioners alone...
    Travellersjoy
    29th Jan 2015
    6:50pm
    Yes, absolutely it should stop and they should contribute to all the things that make their companies successful and profitable. We could have an NBN in no time if Apple, Google, News Ltd, Yahoo actually paid tax.

    For those people who say they will only find another way, I say, chase them down every rabbit hole, stop up every exit, send in the ferrets, and then plough over the top. They are cashing in big time on the cynical, the apathetic, the tame government and ignorant citizens who have handed control of our economy over to them and the banksters.

    Its Time to grow up Australia. Get off your knees, get off your backs and demand your right to fair play from the uber rich.
    Jen
    29th Jan 2015
    9:03pm
    Well said. Some think we have no power but the people have all the power. If we just worked together we could change everything. We are the ones who power this country, we do all the work, we create everything, that enables big business to profit and governments to manage our money. We need to expect more, we need to expect Governments to govern for US, not their warped plans for a future where the elite few control everything and everyone. Good example is lowering the minimum wage (Work Choices Mk II) can only produce one thing and one thing only, poorer, more desperate people and more profits to big business. That's what the 407 visas are designed to do, put more money in the hands of the miners. That's the agenda of many Western Governments these days. Pity our grandchildren.
    Anonymous
    30th Jan 2015
    2:02pm
    Jen
    29th Jan 2015
    1:03pm
    report This is something that truly worries me, probably more than anything, yet Abbott is forcing Australia into the TPA.

    I think you mean TPP, Jen?? TPA is something to do with strokes.
    MICK
    29th Jan 2015
    9:36pm
    I urge readers to join the GetUp team. Its free and you get up to date information. The government paid trolls on this website hate GetUp because it exposes corruption.
    The latest on Joe Hockey pretending to expose the multinationals with one hand whilst handing them a heap of Australian taxpayer money with the other:

    "Last year, Treasurer Joe Hockey promised a "crackdown" on corporate tax avoidance. Instead he snuck a $600 million Christmas gift to some big, rent-seeking companies — by reneging on a promise to shut a notorious tax loophole.1

    Fortunately, the Senate isn't letting corporate tax dodgers off the hook so easily. They're holding a formal inquiry to investigate the dodgy tax practices of multinationals and come up with some answers. The inquiry's seeking public submissions, but we only have until Monday to have our say.

    We've talked to key political insiders who've told us the best way to hold those companies to account, have an impact on the Senate Committee, and put pressure on the Government is: to create one hard-hitting submission highlighting the need for reform, supported by thousands of community members. But we only have a couple days to get it done.

    Click here to join our collective corporate tax submission before Monday's deadline and help put pressure on corporate tax dodgers.

    Since the G20 last year, Treasurer Joe Hockey has huffed and puffed about corporate tax 'robbers' but has done close to diddly-squat about them.2 Inexplicably, the Abbott Government has refused to even support the Senate inquiry.

    Firstly, the Treasurer canned an anti-avoidance measure to keep companies from using offshore subsidiaries to minimise their tax. What's more, after saying transparency is: "our best weapon to crack down on tax avoidance", the Treasurer may now scrap rules requiring $100 million companies to publish their tax details.4

    Meanwhile, corporate tax dodging is costing us billions of dollars, while the Government asks everyday Australians to pay for GP visits and take on a lifetime of debt for a university degree.

    This Senate inquiry is on track to expose the aggressive tax minimisation practices of big corporations — it will start summoning big companies to its hearings soon. Its findings will also make it harder for the Government to pretend it's taking adequate action on corporate tax dodging. Now, with only a few days left until submissions close, a strong show of community outrage will help strengthen the Senate Committee's case for change.

    Will you add your name to this submission before Monday's deadline? The more people who sign it, the more powerful it will be: http://www.getup.org.au/corporatetaxsubmission

    Thanks again for all that you do,
    Lily, Mark, Nat and Georgina, for the GetUp team "
    Sceptic
    30th Jan 2015
    3:14pm
    Mick the troll for GetUp.
    Jen
    2nd Feb 2015
    5:14pm
    So taking a swipe at Mick is more important to you than saying something about our own Treasurer closing a notorious tax-avoidance loophole, Sceptic? Despite a promise to shut it down? That's ok with you? Our own Treasurer dudding his own country in one of many lost opportunities to do the right thing by Australia?
    Wstaton
    2nd Feb 2015
    5:23pm
    Yes Jen. One wonders who some of these Australian are for. Australia or letting corporations rip and strip our country of revenue that is ours.
    Reeper
    30th Jan 2015
    11:59pm
    Apple is a particularly noxious company. In their early days they traded on the unpopularity of the 'stranglehold' Microsoft had on the PC market. They gained status through Steve Jobs who put Apple in the niche 'geek' market whilst slowly eroding Microsofts share whilst they in fact were far more invasive. Microsoft did rule the roost but were multi platform while Apple of course were totally a closed book to developers outside the Apple inner sanctum. Now of course with some creditable innovations, they have locked millions of users into Apple and turn over billions while still pretending to be the underdog.
    For my money, Apple is one company that needs to pay it's way in society....at least Bill Gates has given back huge amounts of money...not Apple! They need to pay their tax dues as a minimum.
    particolor
    31st Jan 2015
    2:29pm
    They will throw Joe the Core when they have finished the Apple !!
    particolor
    31st Jan 2015
    2:31pm
    I left You the Guts of the Australian Taxation System there Reeper !!
    pate
    31st Jan 2015
    6:24pm
    I keep saying that Joe Hockey cannot add 2+2 and get it right so how can anybosy expect him to do acccountancy...???
    particolor
    31st Jan 2015
    7:37pm
    I had to think about that for about as long as Joe ?? Can we have a simpler Mathematical Question Please ?
    Paulodapotter
    1st Feb 2015
    11:14pm
    I doubt very much that Joe and the coalition government will do much more than give lip service to forcing major corporations from paying their fair share of tax. These corporations are the financial base to their existence as a major party in the same way unions form the financial base for Labor. Labor hasn't got the nerve to take on the big corporations as we saw over the mining supertax while the coalition will lose everything to nothing by removing power from unions though they do their best to succeed by wasting millions of our dosh on senseless and meaningless Royal Commissions into their dealings. When labor does the same with big multi national corporations who rip us off big time, they are equally unsuccessful. We need a whole new system of government that outlaws lobbying governments with cash by big business and/or unions. Don't hold your breath.
    particolor
    2nd Feb 2015
    9:17am
    You'll turn Blue In The Face !!
    student
    2nd Feb 2015
    4:26pm
    who makes the tax laws?? :)and who benefits?? Not you and I that's for sure.

    Remember what happened to the PM (Ms. Gillard) when she tried to change the mining tax??
    BHP/Rio Tinto dig the guts out of our country and pay minimal (basically zilch) tax and the majority of the profits are sent o/s too. AND it's legal!!

    Big business rapes our country, they pollute the water basins and kill the soil.

    Greed it alive and well.
    particolor
    2nd Feb 2015
    7:54pm
    Yes and now they want to Poison all our Ground Water FOREVER With their FN Fracking ???????
    Pamiea
    6th Feb 2015
    11:53am
    I THINK THEY SHOULD BE NAMED AND SHAMED AS THEY ARE STEALING FROM OUR COUNTRY AND WE ARE BEING EXPECTED TO PICK UP THE SLACK. MAYBE IF WE START TO BOYCOTT THEM THEY MIGHT GET THE MESSAGE LOUD AND CLEAR.
    particolor
    6th Feb 2015
    4:01pm
    Make sure NONE of them ever get 2 terms now ! They are only there to line their Pockets and live on a Massive Pension FOREVER !!.. I'll probably get Jailed for that ? TREASON or some other Trumped Up Charge !! I think Knighting is out of the Question !!
    Oldie84
    6th Feb 2015
    4:32pm
    I wonder why some of the commentators choose to live in this country? Why don't you move where it suits you better. No LNP, no Abbot, no Hokey. Sure there must be places that are Paradise compared to here. So off you go and take your rants with you.
    particolor
    6th Feb 2015
    5:09pm
    Can I take My Mining Shares with Me ?
    Oldie84
    6th Feb 2015
    5:30pm
    Certainly. You mean you have shares in these bloodsucking Marauders who are raping the country? Oh my.
    particolor
    6th Feb 2015
    7:22pm
    Certainly Not !! But a lot on here have ,if the way they get upset when We mention it is any Clue ! Im to busy making Ends Meet to worry about the Ups and Downs of Shares !!
    Oldie84
    6th Feb 2015
    7:49pm
    You poor thing. :-(