Treasurer blames ‘taxed-nots’ for risk of recession

The Treasurer claims there are too few taxpayers helping to reduce the deficit.

Treasurer blames ‘taxed-nots’ for risk of recession

Treasurer Scott Morrison delivered the first of three ‘headland’ speeches on the economy yesterday, claiming that too few taxpayers are helping the Government reduce the deficit.

The Treasurer claims that too much of the burden for reducing Australia’s deficit is falling on the Government and not enough on the Australian taxpayer. Based on the current situation, Mr Morrison feels that it’s possible that more Australians will go through their entire lives without paying any tax.

“There is a new divide – the taxed and the taxed-nots,” said Mr Morrison.

“A generation has grown up in an environment where receiving payments from the Government is not seen as the reserve of the disadvantaged, but a common and expected component of their income over their entire life cycle, and not inconsistent with self-reliance,” said Mr Morrison. “On current settings, more Australians today are likely to go through their entire lives without ever paying tax than for generations. And more Australians are likely today to be net beneficiaries of the Government than contributors – never paying more tax than they receive in Government payments.”

Mr Morrison said that Parliament needs to get serious about reducing the nation’s debt and restoring the budget to balance so we have a better chance of surviving future economic downturns.

However, he claimed his job of reducing Australia’s deficit had proven difficult because of “budget sabotage” by the Opposition during the last Parliament, blaming the previous Senate for its unwillingness “to implement our agenda for budget repair”.

Opposition Leader Bill Shorten hit back at the Treasurer, by stating that the Coalition needs to realise it has won the Election and stop blaming others for the state of the budget.

“They won the election,” said Mr Shorten. “They now need to start acting like a Government.”

Mr Shorten went on to say that Labor had already suggested methods for adding around $80 billion to the economy, with proposals for superannuation reform, negative gearing and capital gains tax. He said if the Government is serious about repairing the budget, it should accept some of these suggestions, rather than hitting low-income workers with higher taxes.

“We’re prepared to put the national interest ahead of our political interests,” Mr Shorten said. “And if the Government supports our measures, you won’t hear me jeering about backflips and backdowns.”

The Chief Executive of Oxfam Australia, Dr Helen Szoke, is concerned that the Coalition will turn to taxing the poor – the ‘taxed-nots’, as Mr Morrison referred to them, rather than taxing the one in three large companies that, in 2014, paid no tax at all.

“Large multinational companies are the real ‘taxed-nots’ in Australia,” said Dr Szoke. “Our recent research found tax-dodging practices by multinationals deprived the nation’s public coffers of as much as $6bn in 2014 alone.”

Who do you think should be taxed? A reader of The Australian proposed that the Government should increase all taxes by one per cent, then reduce all welfare payments by one per cent, until the deficit is fixed. What do you think of such a plan? If the Government were to turn its attention to large companies and force them to pay more taxes first, would you be happier to then pay more tax to help reduce the deficit?

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    COMMENTS

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    BElle
    26th Aug 2016
    10:38am
    On which planet does our Government operate. Certainly not the one we all live on.
    Firstly Mr. Morrison -- We all pay tax regardless of our income. Almost every item we purchase, or every service we use we pay 10% GST. If you are a welfare recipient that equates to 10% of your total income these people spend all the money they receive.
    Secondly -- anyone not paying tax is due to the fact that they do not have sufficient income to be above the basic allowances.
    Thirdly -- How much tax does Mr Morrison envisage that we would collect from these people. They don't have enough income for the tax to make any significant impact on the income revenue.
    Its time to close the loopholes that the more wealthy have available to them to dodge the their tax liabilities.
    Its also time to ensure that overseas companies pay tax that should be due in Australia.
    There are plenty of tax avenues without slugging those that can least afford it.
    MICK
    26th Aug 2016
    11:24am
    Yeah BElle.
    So here is the next Hockey demonising the bottom end of town whilst protecting the top end. Never ends.
    This country does not belong to the top end and letting the rich avoid their tax obligations has been the game for too long. It needs to end and THOSE WHO ARE MAKING THE MONEY need to pay their corect and full taxes.
    WE NEED A NEW ELECTION to clear this cancer out of the parliament. I call of Morrison to resign as he is poison to the nation.
    margie
    26th Aug 2016
    12:19pm
    Could not agree more BElle, might be a good idea if the politicians led from the front and took a decrease in the truffles and wine lining their particular trough. Also where do they find the money to send to countries such as Indonesia which is far wealthier than Australia, allowing them to build up arms and certainly not passing it on to the needy? Plenty of money for refugees, none for our farmers, our veterans, sick and needy or elderly, most of whom have paid taxes through hard work and as you pointed out are still paying via the GST. These creatures supposedly running the country could not run a chook raffle without losing the chook. Most 12 year olds could balance the books better, it's called spending within your means, something we plebs have to do.
    jackie
    26th Aug 2016
    12:28pm
    Belle....The people that govern our country are not very intelligent nor creative. These puppets only know how to sell public assets, land to foreign ownership and cut back on the poor. The real people running this country are becoming more powerful than ever. Morrison will never crack down on corporations. It's about time all religious organisations paid tax too. They have all had it too good for too long.
    Alex
    26th Aug 2016
    12:30pm
    Very well said BElle. Unfortunately many people accept what he said at face value and think he has got a point. They overlook the fact that he is lowering taxes for high income earners and big business, not collecting taxes from multi nationals and spending $60b on submarines. He cannot be too broke. As for a recession, we have had it. We are getting back to growth slowly, gradually as international employment levels indicate.
    GeorgeM
    26th Aug 2016
    1:24pm
    Thanks, Belle. Morrison should quit immediately not only for showing his incompetence and inability to focus on the real tax avoiders, but also his scare-mongering in an event sponsored by Bloomberg for the world to see and reducing confidence in the Australian economy - like Keating in 1990, he is a destroyer of the economy.
    Dr. Helen Szoke is also right, as are many other comments in this forum. If Morrison's simplistic brain cannot / will not figure out how to tackle complexities of collecting more revenue (instead of cutting spending), the simplest solutions are to tax all Large companies and Multinationals a minimum 15% of Revenue as Minimum Tax, and also tax all Overseas Outsourced work at 15% for all companies (also encouraging local jobs and generating more Income Tax as a result).
    Turvey
    26th Aug 2016
    5:47pm
    Well said BELle.
    Politicians waste far too much of taxes collected from hard working Australians. They themselves need to be subject to the same rules, regulations & restrictions that the majority of Australians have to abide by. Until this happens the waste will continue. Their appears far to many multinational companies that seem to get away with paying minimal taxation. I also strongly disagree with Mr Morrisons inference that age that pensions are a benefit & not a right when legislation provides for such payments to those that require it. STOP the WASTE politicians.
    maxchugg
    30th Aug 2016
    6:36pm
    This is becoming a habit, after much disagreement I am now agreeing with Mick once again.

    Joe Hockey should be unforgettable. After lecturing us about being lifters, not leaners, and wanting the retirement age raised to 70, he retires around age 50 on an indexed for life pension, then takes a job which will pay around a quarter of a million on top of his pension. And in a job where people equally well qualified would probably have taken on for nothing more than the prestige and perks.

    As for our politicians in general, Bob Dylan described them in the title of a song - "Blowin' in the Wind."
    buby
    16th Sep 2016
    11:54am
    I"LL Second that MICK,
    And Turver i believe your truly right on with that comment.
    HEre is something else they are UP too and it needs reading and fixing.
    Basically what the pollies want is to Get rid of the information base and to privitise it all, so information that is usualful to us, we would have to pay for through the nose.
    WE must stop TBull in its tracks......unbelievable it should be free to all who need it. NOt just to the rich.

    Australia's leading journalists have been "left with no choice but to speak out".
    https://www.getup.org.au/campaigns/asic-privatisation/open-letter/can-you-chip-in-for-a-full-page-ad?t=meONps

    Eighty four journalists have launched a powerful Open Letter to Malcolm Turnbull, detailing the threats to media freedom and corporate accountability of the ASIC database sell off.1

    They say that if the Turnbull Government puts the corporate database under corporate control, it will impede their ability to scrutinise tax dodging, bribery, trafficking and other shady corporate affairs.

    The timing could not be better, with politicians back in Canberra this week.2 That's why we're giving this everything we've got at this, taking their message straight to the nation's capital.

    This Thursday, we'll deliver our 58,000-strong ASIC petition and Open Letter from Journalists in a flashy media stunt in front of Parliament House. This very same day, we'll run a full page ad in the Canberra Times – making sure our message is seen by every single MP and Senator in the country.

    But to pull it all off, we need as many GetUp members chipping in as possible. Will you be a part of it?

    Click here to read the Open Letter from top Australian journalists, then chip in for a full page ad in Thursday's Canberra Times.
    A few weeks ago, no one had heard of the ASIC registry – now the petition has over 58,000 signatures. Thousands of GetUp members have contacted their local MP, and tens of thousands have shared the ASIC explainer video reaching over half a million Australians.

    All of this public pressure forced Finance Minister Mathias Cormann to confirm last week that the Coalition is yet to make a final decision about whether to proceed with the sell off.

    It's up to us to make this Open Letter as big and powerful as possible – by lifting up the voices of the journalists who shine bright lights on the dark underbelly of corporate Australia. First, with a full page ad in the Canberra Times, followed by a loud, showy petition delivery at Parliament House that same day.

    Click here to turn the heat up on ASIC as politicians gather in Canberra this week.

    Journalists are on the frontlines exposing dodgy corporate behaviour using the ASIC database. They know best the risks of privatisation, which is why they're speaking up. Will you back them in?
    BILL5131
    26th Aug 2016
    10:41am
    I take issue with this bully. We are all taxed. If we eat or ride in a car... This guy ploughed mercilessly through the immigration job and now the treasury. He seems to look for the weak and powerless to trample while ignoring the rich tax manipulating parasites. Next PM?
    MICK
    26th Aug 2016
    11:29am
    A perfect fit for the coalition dictatorship.
    TMac
    26th Aug 2016
    10:41am
    Our country is in for a massive wake up call and its coming our way sometime soon. My adult children will not know what's hit them because we haven't had a recession for nearly 25 years. As a country we have grown very complacent...... only way to solve our tax issues is to come down hard on the multinational companies to pay their fair share and also broaden the tax base and the easiest and fairest way to do this is to increase the GST, then at least everyone is contributing.
    MICK
    26th Aug 2016
    11:32am
    There is a big big depression forecast in the next 3 years. The state of the world would have to confirm what is coming.
    ozrog
    26th Aug 2016
    12:32pm
    Each generation carries debt from previous generation.
    We paid for infastruture for the current generation. We discovered and developed technology for future generations. Its their turn next. They seem to want a free ride. Parents to buy homes for them and a country with no debt. This current generation spend their money and then want to be babied. It's time for them to wake up.
    KerryC
    26th Aug 2016
    1:27pm
    Despite ScoMo and his mates comments the problem is not spending we are in the bottom1/2 of OECD countries in relation to spending. The problem lies in income with top 50 companies in Australia not paying tax because of avoidance schemes. If we took on board business welfare such as negative gearing etc then perhapos we wouldn't have to cut payments to the poorest in society. If I remember it was only a couple of decades ago we paid off Snowy Mountain Scheme. Infrastructure investemnt provides economic benefit, just as investment in hospital means less people being frequent users creating health economic savings in long term. Same for education. Unfortunately there is no understanding of economics in our government. That is why we have Fraudband instead of NBN.
    P$cript
    26th Aug 2016
    10:44pm
    GST is anything but fair!
    Anonymous
    27th Aug 2016
    8:33am
    GST fair? So it's fair that someone whose income is so tiny that they have to spend every cent of it on necessities pays 10% tax on the majority of their income (all except that part spent on a very few items that are exempted) while the rich guy who can afford to save 3/4 of his income (hoarded in tax havens), import from overseas or buy duty free when travelling, and claim grey-area private expenses as business tax deductions pays a 10% on a tiny fraction of his income and gets the rest tax free.

    Doesn't sound at all far to me, Tmac.
    Old Geezer
    27th Aug 2016
    2:40pm
    That reminds me Rainey I need some new clothes so why take an empty suitcase and take myself on a trip over seas to buy them. I can have new clothes and a holiday all rolled into one. Best of all I can have the clothes made to fit me rather than those ill fitting from off the shelve here.

    I was disappointed on my last trip they didn't have wanted I wanted duty free so I'll add that to the list as well.

    I'll also check on my overseas bank accounts as well. Might stop of in NZ and check my accounts there as well as they pay higher interest than here in Australia.

    So why whinge Rainey when you too can play the game.
    Anonymous
    28th Aug 2016
    4:15pm
    Who can play the game, OG. You are happy because the rules benefit you, but hundreds of thousands of Australians CAN'T play by those rules because they are disadvantages. For my part, I could no more shop overseas than fly to the moon. I had to choose between putting shoes on my kids' feet and paying the mortgage. And that's despite working 80 hours a week most weeks. You just have no clue - or probably you do, but you have no decency. You are infected with greed and ego.
    Old Geezer
    29th Aug 2016
    5:10pm
    No the rules don't suit me. I just use the rules to play the game so that it gives me the best outcome. I shop overseas if it suits me and invest overseas if it suits me too. Having a mortgage is a dead loss unless you can write off the interest. All you need to do is know the rules and use those rules to play the game. If you don't know the rules then you should not be playing the game.
    cdbstock
    26th Aug 2016
    10:51am
    For a starr everyone pays the GST tax - so Morrfison is wrong.
    But a much more sensible system is a 'Transaction Tax that fully replaces the current complex, inefficient, & ineffective system. A TT system would tax every cash transaction (eg pay, cards, ATM withdrawals. transfers etc - no exception) - no annual returns, no tax lawyers/accountants, catch all internet purchases. catch profit shifting etc.
    See below
    TRANSACTION TAX
    INTRODUCTION
    1. The current federal tax system is far too complex
    2. The ever increasing amount spent for online purchase less than $1000 per item results in ever decreasing GST revenue - & it’s too costly to impose & scrutinise GST collection on these items
    ASSUMPTIONS:
    • Total gov’t revenue in 2016/17 is same as for 2014/15 = $405B (but this includes excise & duties) - budget.com.au – Appendix B
    • Total gov’t expenditure in 2016/17 is same as for 2014/15 = $435B (apca.com.au)
    • Value of all Centrelink payments in 13/14 = $154B – assume same for 16/17
    • Total value of all monetary transactions in 2016/67 is same as in 2014/15 = $25261.15B
    • A 2% Transaction Tax would theoretically raise $505.22B but allowing for 15% lost revenue gives a nett tax take of $429.44B– sufficient to bring the budget into surplus – ($429.44B –$435B +$59.7B excise & duties) = $54.1B surplus
    THE TRANSACTION TAX SYSTEM (SIMPLIFIED)
    1. A 2% (say) tax on every monetary transaction (total non-cash transactions in Australia in 2015 = $25261.15B) – no exception (Treasury would determine the initial rate)
    2. No other federal taxes (but duties remain as is)
    3. A scheme for direct payments from gov’t to eligible applicants (compensation) to ensure individuals pay no extra tax & receive all benefits to which they were entitled previously – so no one is ‘worse-off’
    4. For example: transfer of wages from employer to employee; payments for groceries etc.; all repayments onto credit cards; all payments for items purchased online; transfer of funds from a transaction bank account to a term deposit account; all payments by cash, cheque, credit card, debit card, EFTPOS & ATM, high value transfers
    5. Compensation=all Centrelink payments in the year preceding the change + new claims
    6. Centrelink payments would be indexed as now
    7. System for Centrelink payments: by application (claims) with a declaration; penalties for false declaration.

    REFERENCE
    thetransactiontax.org/overview/
    www.apca.com.au/payment-statistics/transaction-statistics/cheque
    www.abs.gov.au/ausstats/abs@.nsf/Latestproducts/5506.0Main%20Features12013-
    www.abs.gov.au/.../5506.0Main%20Features22013-14?...0...
    www.budget.gov.au/2015-16/content/overview/html/overview-29.htm


    IMPACTS
    1. Gov’t must pay all benefits from consolidated revenue – visible budget allocations
    2. No annual tax return – individual, company, not-for-profit, trusts etc
    3. Much reduced ATO size (notwithstanding increased staffing for the necessary audit function) – but an increase in Centrelink staffing (though an overall reduction in ATO & Centrelink staffing)
    4. No unproductive tax accountant/tax lawyers & support staff
    5. Catch ALL online purchases/sales
    6. Catch ALL financial transactions made in Australia (eg all sales)
    7. No difficulty as currently experienced in determining which items are subject to GST
    8. Large reduction in size of the ‘black market’ – it’s just not worth it at 2% possible saving (given the potential penalties)
    9. Encourages vertical integration to minimise tax – a good thing for productivity
    10. Reduction in State/Territory taxes – negotiable
    11. Simplified accounting requirements – especially with the automated banking & sales systems
    12. Politicians are able to promise grants, payments, reduction in the transaction tax rate etc – all from budget
    13. Balance the federal budget
    PROBLEMS
    1. Politicians will want exceptions to gain votes – but a gov’t can reduce the TT rate & make other direct grant undertakings (eg social services, research grants, study scholarships etc.)
    2. Substantial legislation required & a transition scheme
    3. ‘Centrelink’ will be inundated with applications for compensation & payments
    4. The ATO will need to increase its resources for the increased ‘auditing’ role & penalising role – re applications for compensation & payments (but an expected substantial overall reduction)
    5. Need to have transitional arrangements – eg: adequate notice to enable IT developments; industrial arrangements; calculation of the required tax rate; public education arrangements; lobby groups; - but transitional arrangements are feasible.
    6. Lobbyists for lawyers, tax accountants, big business (mainly international businesses) and some unions will work to keep the current tax system – considerations re: donations to political parties; work, tax avoidance
    DISCUSSION
    • Incorporated entities already require auditing – substantial penalties already apply for understating figures by auditor
    • Individuals will be audited as now by the ATO or Centrelink or other gov’t body – with much heavier penalties for fraudulent claims
    Jolly
    26th Aug 2016
    11:01am
    Nice one CDBStock. This has been raised a number of times. I think it needs heavy scrutiny and evaluation. Maybe an Online Petition to at least get the Government to investigate it. Certainly has merit.
    MICK
    26th Aug 2016
    11:34am
    Yeah. Morrison is one of the lying pieces of work in power and readers need to not believe a word of it.
    Collect the correct rate of tax from the rich and multinationals Morrison and then come after those who do not have 2 razoos to rub together. What a moron you are. No credibility whatsoever.
    Old Geezer
    26th Aug 2016
    12:00pm
    Transaction tax is a very bad idea. The economy would come to a halt as people would stop transferring money and the black economy would prosper.
    ozziejorge
    26th Aug 2016
    12:03pm
    This needs to be EDUCATED into our population so that we ALL understand this matter
    Regardless of the "tax changes" that the govt comes up with, it will be those who least afford them that will pay them.
    BRING IN THE TRANSACTION TAX!!!!
    Old Geezer
    26th Aug 2016
    12:15pm
    The transaction tax will hurt those who can afford it the least. It is very easy to avoid if you know how.
    cdbstock
    26th Aug 2016
    2:08pm
    Old Geezer - re your ' The economy would come to a halt as people would stop transferring money and the black economy would prosper.'
    You have misunderstood - it's a big ask but if you have read my description of a 'TT' you would understand that: people & businesses & other entities cannot avoid money transfers (eg - employer transfer of wages into employees bank accounts, pay-off credit card, bill payments by cash or cheque or direct deposit, withdrawals from ATMs/banks etc); the black economy would almost disappear - simply because 1 cash has to be obtained by pay or withdrawal & 2 the low rate of a 'TT'' (around 2%) would render it just not worth a saving of 2% shared considering the penalty
    Rae
    26th Aug 2016
    3:26pm
    A TT of 2% would probably be a bit high.

    1% would do it. Old Geezer would finally have to pay tax on all that investment and derivative trading.

    Those on lower incomes would benefit really as they might pay 1% on everything but not the 10% GST and those playing markets would finally have to pay a fair share.Best of all those huge corporations pulling 125 billion out of the economy each year would finally have to pay some tax.
    Anonymous
    26th Aug 2016
    4:26pm
    Sorry Transactions tax is jus tone the bright ideas which will doom us quicker than current one which wasnt bad but hasnt been policed as so much isnt. Meaning no government has had the guts or determination to actually close gaps in income and other taxes paid under Federal rules. Nothing much since 1970's when Howard was Treasurer and stopped the bottom of the harbour scheme. Since then a few small changes but the real ones no - and why? Not rocket science. Far too many in politics MPs and behind the scenes in the back room offices of Liberal Labor and now Greens who took 1.6 million donation. They wont shut the door as they use it themselves to avoid having to pay. Even public servants have they say managed to build in ways of not having all income taxed in PAYG.
    And GST is not Federal money it goes to the STATES. To run hospitals schools etc and was put in to stop using consolidated revenue to fund this.
    Old Geezer
    26th Aug 2016
    4:45pm
    No I wouldn't have to pay a transaction tax on investment and derivative trading as there is already a way around that one.

    We did try some debit and credit taxes a few years back now but they were soon stopped as people did whatever they could to avoid them which slowed down the economy.
    cdbstock
    26th Aug 2016
    5:30pm
    Old Geezer - your 'No I wouldn't have to pay a transaction tax on investment and derivative trading as there is already a way around that one' proves you misunderstand the 'TT'.There is no way to avoid tax. Re trading: money is either paid by you as purchaser (TT) or paid by the broker to you or broker transfer to your account (TT). If you can explain how tax can be avoided legally or illegally pleaase enlighten us or propose a mod to a TT.
    cdbstock
    27th Aug 2016
    9:39am
    Big Val - After 5 years rorting the ATO (& US) & under great pressure from lawyers & accountants & us Howard as Treasurer finally closed the tax loophole in 1980 - not the 70s - (bottom of the harbour) - good! But there are rorts today (profit shifting, overseas 'commissions', over-priced sales by the one multinational to its Australian operation, overseas consultancies , false (but legal) claims for R&D, dubious travel claims etc)
    The reasons for not going to a TT are many but the main ones are: lobbies by tax lawyers/accountants, political party funding (by groups that benefit from the status quo eg Google, Apple, unions, big end of town, churches, some 'charities' etc).
    Re the GST: too many exemptions, not sufficiently broad, too low, impractical to impose on internet purchases; not fairly distributed to the States/Territories; & a cop-out by Feds to reduce funding for health, education, infrastructure etc
    Old Geezer
    27th Aug 2016
    2:46pm
    Gee you really want the economy to go into a recession with all those ideas. An economy requires money to circulate to prosper. If the money flow stops then a recession or depression is the outcome.

    Remember the biggest problem during the GFC was that the banks didn't trust each other so the overnight cash balancing stopped happening. It was in the failure of money to flow through the economies of the world that caused the GFC crisis.
    cdbstock
    27th Aug 2016
    4:00pm
    Old Geezer - youy haven't given your reasons yo could avoid tax or suggewsted mods.
    Well - you have solved the GFC cause - it wasn't the sub prime & rates fixing & other Wall St shananigans - it was a distrust among banks - congratulations!
    Old Geezer
    27th Aug 2016
    4:04pm
    Yes that's right the banks just didn't trust their mates any more.
    cdbstock
    27th Aug 2016
    5:00pm
    'Mr Morrison said that Parliament needs to get serious about reducing the nation’s debt and restoring the budget to balance so we have a better chance of surviving future economic downturns.'
    Fully support - that's why we need a 'TT'
    Old Geezer
    27th Aug 2016
    5:39pm
    So you want a recession or a depression because that is what will happen with a TT. People loathe paying taxes so their wallets will be shut tight. No money flow then the economy suffers badly.
    cdbstock
    28th Aug 2016
    5:11pm
    Further info re a TT
    TRANSACTION TAX
    SOME FIGURES
    1 Total Tax revenue in 14/15 $357406M
    Ref: abs.gov.au/…….
    2 Total GST revenue in 14/15 (Pool) $561000M
    Ref: aph.gov.au/…..
    3 No welfare recipients in 15/16 7.3M
    Ref: budget.gov.au/…..
    4 Total welfare payment $100000M
    Ref: budget.gov.au/……
    5 No taxpayers in 11/12 12.6M]
    Ref: bettertax.gov.au/….
    6 No net taxpayers in 11/12 9.8M
    Ref: bettertax.gov.au/….
    7 No different taxes (federal gov’t) 99
    Ref: taxreview.treasury.gov.au
    8 Parliament estimates (14/15) GST revenue would increase 50% by an increased rate of 15% and full expansion. This leads to an additional $171000M over 4 years due to expansion of the GST (left at 10%) and this leads to a reduction of $102000M over 4 years by reducing the expanded GST rate from 10% to 9%
    9 Assume 50% tax payers (of 12.6M) have taxable incomes less than average (79k)
    10 Assume a Tobin Tax is as originally proposed – levied only on currency trades

    PLAN FOR TRANSITION TO A TRANSACTION TAX SYSTEM
    A TT must be phased-in for the following reasons:
    • Reassure the public – no disadvantage – get used to the change
    • Allow time for development of systems
    Stage 1 Years 1 & 2 Reduce GST to 8% & expand GST new GST revenue would be increased by $77000M
    Stage 2 Years 3 & 4 Grant all net income earners below average adult full time income of $79k pa $500 pa compensation, tapering for earners over $79k pa by 1%/$100 pa over $79k pa implement a Tobin Tax of 0.5%
    Stage 3 Years 5 & 6 Abolish GST, & all other federal taxes except the Tobin Tax, excises & duties implement a full TT (see description) - this would require a compensation scheme
    Old Geezer
    28th Aug 2016
    7:11pm
    Any business that does not have to be in Australia will move off shore so the only TT they pay will be money out of the country. We'll barter for everything else so no TT there.

    Cypro-currencies will take off and the government will have no control over them.

    Compensation schemes are a disaster and take too much paperwork and manpower to administer. That's the main reason why the GST has not been increased.

    Worse of all is the money flow will be virtually stopped as no-one will move there money.
    ex PS
    29th Aug 2016
    8:36am
    OG, let them move off shore, if we have a transaction tax, they will still have to pay more than they do now. Some of them for the first time.
    Jolly
    26th Aug 2016
    10:53am
    I can see us having another election within 12 months. ScoMo and Malcolm are both useless! So how do we get more revenue - we need to bite the bullet:-
    1. Increase or widen the GST. We have a very low level of GST type revenue compared to the rest of the world.
    2. Get the unemployed of their collective arse and into work(Ch.7 last night 1000's of jobs going begging)
    3. Force companies that don't pay tax by fining them twice the amount of tax they owe. Lets start getting some balls as a country.
    4. Force those States that don't have Land Tax to introduce it and get rid of Stamp Duty on house purchases and then re-evaluate the GST cut. Land Tax is a proven method of revenue raising with minimal impact on house owners.
    Rae
    26th Aug 2016
    11:17am
    I think stamp duty on house purchases a great way to raise revenue for the States. Why should international buyers get a free ride.

    Buying and selling houses is a national past time and it is fair that some tax is raised seeing the capital gain is discounted as much as it is.

    GST rises and land tax will come. Wage stagnation means tax receipts are not rising as they used to in the past. Falling incomes from investments and all the superannuation tax minimisation schemes are playing havoc with government receipts.
    TREBOR
    26th Aug 2016
    11:33am
    It should work that you either take NG along the way or you pay full capital gains at the end. The current system is unworkable and costly to the Budget.
    MICK
    26th Aug 2016
    11:35am
    Agree Jolly. This government will not last from what I can see.
    Old Geezer
    26th Aug 2016
    12:03pm
    I can see the Government going full term because an election is simply not good for either major parties.
    MICK
    26th Aug 2016
    12:27pm
    As the reality of this crew sinks in the public will need to fix the festering issue so that we get government. It is clear that Turnbull and Morrison have absolutely no intention of compromising. That is how dictatorships behave.
    Theo1943
    26th Aug 2016
    11:12pm
    Please explain how an increase in the GST has any positive effect on the Federal Govt debt. It's not the Fed's ncome.
    Anonymous
    27th Aug 2016
    12:36pm
    This same guy who is wailing about inadequate tax revenues wanted to raise the GST and give the proceeds to companies as a tax cut, because apparently the nation didn't need the extra revenue. Make up your mind, ScoMo. You are sounding like an incompetent.
    Old Geezer
    27th Aug 2016
    2:48pm
    More GST less money Federal government has to give the states form other revenue sources.
    TMac
    26th Aug 2016
    11:01am
    all good points Jolly but only problem is we have dumb voters in Oz who choose useless senators that will never let any of those ideas get up.....lets add a number #5 to your list - get rid of the Senate.
    MICK
    26th Aug 2016
    11:38am
    We DO have a lot of dumb voters who think they are voting for their football team. Sad.
    The senate is a necessity though and is a safeguard for dirty governments like the current one. Thank the Lord we have so many Independent senators. Without them we would all be paying much higher taxes already whilst the rich would have their tax cuts.......again.
    Anonymous
    26th Aug 2016
    4:36pm
    Micks right far too many still vote Labor because Dad did and so did they when starting out - older ones should know better. dumb to let them all just play who's turn on the government bench and who's on opposition because that has been the case just about since Federation.
    And since the 60's the far left who know infest both Labor and Liberals, and fight with words whilst running the country into the ground, have dumbed down majority they can with same words changing perceptions and getting re-elected time and time again.Even though most fed up with way it goes on.
    Need new blood.
    Fredklaus
    26th Aug 2016
    11:03am
    who showed labour to increase the deficit,thanks scott and map
    MICK
    26th Aug 2016
    11:25am
    Message from your sponsor....again?
    Rae
    26th Aug 2016
    11:25am
    Too right.

    Why didn't Labor just let the banks fall over. This could have been long past us by now and we really didn't need Macquarie Group and IAG anyway did we?

    I wouldn't have minded as I only have a few Australian shares and next to no money in fixed term or bank deposits so my loses wouldn't have been too bad.
    Patriot
    26th Aug 2016
    1:36pm
    The problem with the "Banks just falling over" is that we - the people - will be forced to foot the bill for refinancing them via a "Bail In" as happened in Cyprus some years ago and very recently in Austria!

    Politicians have painted the "Average Person" in this country into a corner from which there is NO escape unless we're all going to "Stand Up & be Counted"!
    THE'RE A "PACK OF GREEDY CRIMINALS"!!!
    Rae
    26th Aug 2016
    3:34pm
    True Patriot but I was in a particularly cynical mood today. It is just annoying that those bagging Swans saving of our banks have no idea how close to the edge we were. Even the US FED threw billions at our Central bank to stave of a crisis. As it was our mortgage trusts were in strife and are still unwinding and paying out frozen accounts.

    Those who do not understand what the Labor party did just keep whining about it with no idea of how dreadful the lack of action under a LNP would have been.

    Surprisingly many have all savings in bank deposits and fixed interest believing their money is safe.
    Old Geezer
    26th Aug 2016
    4:57pm
    I could never understand why anyone would invest in those mortgage trusts myself. I was able to borrow money a lot cheaper than they were paying in dividends. That said to me that they sure had some risky investments in their portfolio.

    I remember going along to a club meeting one night and they were discussing putting their excess funds into a mortgage fund. I said something doesn't not gel for me with them as I can borrow money cheaper than they are paying your in interest. I was dismissed as an idiot that had no idea what they were talking about. It wasn't long after I got a phone call from the Treasurer asking me for advise of what they could do as they needed the money but it had been frozen.
    Rae
    26th Aug 2016
    11:05am
    It looks like a GST increase coming and a broad based land tax.
    It is too hard to tax the internationals and the tax rebates and concessions of Howard's era will be difficult to claw back.

    Morrison is right though. No one much is paying any tax and the deficit won't fix itself.
    Pity they sold off all those lovely dividend paying public assets. Those would be jolly nice.

    Most Australian's have a house, a bit of super if an ordinary worker and not much else.
    Howard could never have seen wages stagnating and negative bond rates when he gave out all those tax concessions, especially superannuation minimisations of tax.

    It certainly needs fixing but will be difficult without causing a damaging recession.

    I doubt lowering taxes for corporations and high income earners will work.
    If someone can explain how this increase in income for already high income earners helps pay off the deficit I'm willing to listen.
    MICK
    26th Aug 2016
    11:39am
    Might be right. This is probably Morrison's way of peppering us up. What a dirtbag blaming the poor for the woes of the nation whilst the top end is living it up and not paying their correct amount of tax. A game!
    Snowwhite
    26th Aug 2016
    12:41pm
    Rae I have to disagree with you as regards that there are heaps of jobs out there for willing workers. Why oh why do the baby boomers sit back and blame the younger generation for being lazy. In case you don't know Rae it is difficult out there to get a job. This current Fascist Govt has all but got rid of manufacturing in Australia. The car industry has gone thanks to the trade deals with Korea and Japan and now the Federal Govt is hell bent on getting rid of the steel industry to satisfy the terms of the China trade deal. And in nursing alone our graduates can't get jobs because of all the nurses being sponsored out here from Britain and the Philippines and many other countries. The private RTO's are encouraging students to sign up for expensive courses and then at the end of it the student is in debt and still without a job as it's cheaper to hire overseas workers instead of Australians. Wake up and do something practical like voting this current corrupt Govt out of power.
    Rae
    26th Aug 2016
    3:43pm
    I never voted them in.

    Yes I agree Snowwhite. My comment below was entirely out of character. I was being cynical.

    The destruction of manufacturing and processing and lack of job prospects for our youth is appalling.
    Anonymous
    26th Aug 2016
    4:50pm
    BUt dont forget why we lost manufacturing. Labor Hawke Keating 1980's after Hawke first took donations from big business for productivity gains and high profits for the bosses. Held back wages til 1996 and Howard for any rise could count. And the rest of them still put tariffs on our exports but we stupidly didnt on their imports. Why China got our jobs and now owns the most Gold in the world and could bankrupt most nations. I never did think tariffs would be lowered by all the nations. For years farmers shortchanged too on US France and others helping theirs with money whilst ours had to borrow pay interest and sell off the land. Only now we allow China and anyone else to buy it.
    Come the food wars which is why governments are buying land up to feed their own populations - we could well starve as food grown here goes out to them. We dont have enough defence forces to stop anyone landing on our beeches let along taking all that is grown as we starve. Horrific maybe but that is reason behind foreign governments buying our arable land. We'll never get it back as wont come on market.
    Worrying trend along with allowing them to buy up properties when not citizens to leave vacant and not pay stamp duty in many cases.
    cdbstock
    26th Aug 2016
    11:05am
    Tks, Jolly
    TREBOR
    26th Aug 2016
    11:07am
    Jobson Grothe will fix the problem once everyone is working again.....
    Rae
    26th Aug 2016
    11:37am
    Morrison could start by ensuring job agencies are paid by the job applicant, with government support, only after a suitable job is found.

    Rent and food stamps with an opal card for transport and a voucher for suitable clothing might encourage a few of those needing jobs into the jobs waiting for them.


    Sounds harsh but I fail to see why self funded retirees and recent retrenched should be the only ones paying the price for the current mess.

    Time to crack down on those scamming the system and those contractors rorting the few taxpayers still paying tax.

    I've recently met a couple of young people here on working visas who had a job within 3 days of arriving. There are heaps of jobs for those willing to work.
    MICK
    26th Aug 2016
    11:42am
    For jobs which do not exist and disappearing jobs due to robotics. Morrison is such a hypocrite. First they close down manufacturing then they allow jobs to be sent to the third world and now it is the fault of average and lower income earners.
    WE NEED ANOTHER ELECTION, SOON.
    Old Geezer
    26th Aug 2016
    12:40pm
    I guess you will get a few people temporary employed by having another election but unfortunately a lot of those employed to do the election already have another job.

    Manufacturing closed down because it is simply cheaper to do business elsewhere. We have simply priced ourselves out of the market thanks to Labor and the unions.
    Anonymous
    26th Aug 2016
    12:59pm
    I can't agree on the jobs issue, Rae. Sorry. The figures speak for themselves. Anecdotal evidence about a few people getting a job doesn't cut it. What qualifications do they have? Where were the jobs? How secure? Doing what? What is their health like? I know lots of folk who have found jobs readily, but equally I know many who haven't a hope of getting any reasonable employment given their background, lack of qualifications, state of health, family situation, etc.

    The bottom line is that there are millions unemployed and under-employed and there are too few job opportunities to accommodate them.

    What we need is for the TOP END to pay tax. The dodging and minimization has to stop! And yes, the attacks on retirees and the recently retrenches have to stop also. These are the people whose spending generates growth. Taking from them is plain STUPID. Tax the wealthy and stop the flow of money into overseas tax havens. Use that revenue to INCREASE some welfare (like aged and disability pensions) and INCREASE services, and invest in infrastructure, thus driving growth that drives more jobs and more tax revenue. It's a simple formula, so why does this stinking inept government insist on doing precisely the opposite? No wonder we are headed for depression!
    MICK
    26th Aug 2016
    1:11pm
    It may be "cheaper" to buy from the third world Geezer but a responsible government will not destroy local jobs when there are no other jobs to go to. All the talk of "an exciting new world" from the current no idea PM will not avoid the dole queues when jobs go and no new jobs exist. You need to separate the facts from the political lies meant to subdue the mentally challenged who get done over.
    Rae
    26th Aug 2016
    3:55pm
    I agree.

    The point was job agencies should not be paid just to process clients.
    They should only be paid once a job is secured.

    So many wonderful ideas and inventions have been sent overseas with nothing to show for it.

    We should have state of the art renewable energy plants employing hundreds of thousands using our resources including enriched and rare sands and lithium. Instead we have practically given that wealth away to be carted overseas on other countries trucks and ships.

    The lithium mines have been sold if you can believe such stupidity.

    Where is the major silicon valley producing the wifi devices we were involved in creating.

    Even our brilliant medical inventors are stuck with no investment or capacity to borrow to develop and a government that can't do much other than strip money out of retirees savings.

    Pathetic.
    Anonymous
    26th Aug 2016
    5:12pm
    Rae good thinking. Centrelink clients shouldn't get cash at all for the kids. Many make a career out of having enough not to ever have to work. Adults pay is not much more than existence. But its the kids money that makes it attractive. Plus benefits they get on top. Vouchers detailed for needs of kids. Stop many of my neighbours trips to TAB or Pub living off dole or DAP with Pay TV car etc and working on the side too needs policing.
    Smart Cards in would do a lot for rorting of the systems health PBS etc
    Many of these payments rorted.

    And dont forget one thing Labor did too. 2009 they cut the age pension for couples. Many say OK. But its not OK its unfair. Means they between them now get only 1 and a half a pension. (150% of single rate) Women should be up in arms.Most worked who now are on or close too pension and no super as too late for them. 1990 cant save enough to live on. And look at how many living off benefits go straight on pension now and still many arriving.
    Face up to it. We're in a right pickle.

    26th Aug 2016
    11:10am
    Morrison wouldn't know what day it was, much less anything about being a treasurer. Another fat Hockey but with glasses.
    MICK
    26th Aug 2016
    11:43am
    I did not think the coalition could get a bigger turd than Hockey. I was wrong.
    Anonymous
    26th Aug 2016
    3:59pm
    In regards to taxes, I doubt very much that Morrison is pulling his weight, or any other of these deadbeats in government, and certainly not "Offshore" Talkbull.
    Anonymous
    26th Aug 2016
    5:22pm
    Bowen showing up that he isn't capable either. No qualification required to be an MP> Just who you know in the Branch.

    Last Labor lot did a lousy job. as has this lot to date.

    Not need for us out here to play politics that's what has got us to where we are today.

    They wont stop playing politics which is why we cant get any real savings nor increase the tax where it is being avoided. Each scared the other may win next election.

    In reality if we were a company then Australia Inc would be looking at receivership very soon if not now.
    TREBOR
    26th Aug 2016
    11:15am
    Thing is, Mr Morrison, it is NOT the Social Security recipients who have no entitlement to government funding, it is what many dub 'wealthfare' recipients who are the biggest burden on the public purse, and that includes all the major company players and right down to the failed (and rightly so) proposal to pay fat cat women up to four times Pension to stay at home for six months with the sprog.

    Other issues you miss, Mr Morrison, are that giving out that kind of largesse does little to nothing to help those with genuine need, adds to inflationary prices of housing etc, and generates in those without genuine need the expectation that cash will always be available for whatever.

    BElle is totally correct - we are ALL taxpayers, and the proportion of tax you pay is far higher on a low income than it is on a high one - delusionary comments about income tax rates have no bearing. Not only that, but the taxable income of the less well off remains here, while that of the well off often goes offshore in many ways, such as holidays, private jets, foreign cars, foreign investments and so forth.

    We all know where the money is, Mr Morrison - and it ain't in my back pocket or the back pockets of all the other 'leaners' that governments of this country have created with their dismal social, trading and industrial policies.
    MICK
    26th Aug 2016
    12:04pm
    This government is merely the messenger from the big end of town which routinely looks for ways to reduce wages to nil, take away all conditions of employment, levy greater and new taxes on everybody other than the top end.......which is rewarded by lower taxes.
    I find it difficult to understand how many voters cannot see the obvious. It is as clear as mud and all the rants from paid stooges and trolls trying to convince voters otherwise just do not stack up when you see the ongoing malevolence and intent from coalition governments.
    The biggest lie they peddle is that "jobs will be lost". Jobs are the result of big business making money. If they could do away with all labour they would. The jobs are there....unless you permit them to be exported offshore, which is precisely what this lot have been doing for some time. And people continue to vote Liberal?????
    Anonymous
    26th Aug 2016
    6:11pm
    typical, labour mick is speaking about himself for him being the biggest labor and union stooge known to these columns
    Kato
    26th Aug 2016
    11:17am
    And still sending job's overseas both state and federal governments. win by one seat and they still don't get it.
    MICK
    26th Aug 2016
    12:05pm
    Called blind arrogance Kato. This lot are on a short lead from the big end of town and have no choice by the look of it.
    Anonymous
    26th Aug 2016
    5:26pm
    You two doing it again.
    Playing the game Labor or Liberals on the government benches - back one and abuse verbally the other.
    Gets us nowhere except more of the same.

    think demand both change for better and stop playing the game of being in election mode 24/7

    Encourage competition new parties.
    Works with all else.
    TREBOR
    26th Aug 2016
    10:15pm
    Difference between Labor and Liberal is the thickness of the sheep's clothing they wear......

    I say orbit the lot....
    Alex
    26th Aug 2016
    11:24am
    What a difference a day makes or in this case six weeks.
    Before the election we were assured there was no revenue problem and that we could afford tax cuts for the highest income earners and big business.
    Now, even before the Government gets back to business an astonishing discovery has been made by our peerless Treasurer.
    He has found that he does not have enough revenue to cover the aforementioned cuts, though he forgot to mention them in his speech.
    We are to believe that, as if hit by a bolt of lightning, he had his eyes opened and suddenly discovered a pressing need to tax low income earners to pay for his tax cuts.
    He said he does not want his daughter to experience a recession. He seems oblivious of the fact that we have largely been in recession for the past three years with stagnant income growth and low income earners and pensioners definitely going backwards.
    Does this failure to declare a plan to increase taxes on low income earners before the election demonstrate extreme deception, incompetence or both?
    The LNP anthem for the new term of Parliament will undoubtedly be ‘We need to tax the poor’ played to the tune of ‘Debt and Deficit Disaster’ that worked so well in the last term of Parliament. Lifters and Leaners will be replaced by the Taxed and Taxed nots.
    Does what Mr Moron said reflect the views of Mr Turnbull? Where is the response of other politicians? Hopefully the Independents will speak up and shame Labor and the Greens into doing so.
    Do we have to tolerate this incompetent bully for three years. I spent last night following Mr Turnbull's lead checking out a move to the Cayman Islands. The climate is good but Real Estate is expensive.
    TREBOR
    26th Aug 2016
    11:36am
    A classic case of the incoming Treasurer stumbling into some Massive Black Holes Of Budget left as booby-traps by the previous government.....

    Oh.. wait a minute... (oops).... (ROFL emoticon implied)
    TREBOR
    26th Aug 2016
    11:37am
    I was looking at an island in the Bahamas - bit far off the main group, but that suits me fine...
    MICK
    26th Aug 2016
    12:07pm
    What else would you expect from a congenital liar Alex? Morrison is one of the team and the whole team are as crooked as a dog's hind leg. No ethics. No honesty. No decency. Australia does not need people like this.
    downunder
    26th Aug 2016
    11:25am
    How would it be if the government starts collecting tax from the multi nationals and the tax- avoiders and mini-misers? It would solver Australia's deficit withing a very short time. Just look at Norway, but that is too difficult to get passed your 'mates' at the top-end of town
    MICK
    26th Aug 2016
    12:07pm
    Spot on. Don't hold your breath on that though.
    justsay'n
    26th Aug 2016
    11:29am
    If Scott Morrision does not have the ability to do the job his Government was elected to do. He should resign. He has been employed to fix the problem not sit and whinge. He seems to be blaming every Australian citizen, the opposition, but not introducing any viable measures to improve our debt. Perhaps we just another loud big mouth bully like Joe Hockey.
    MICK
    26th Aug 2016
    12:09pm
    Sadly this coalition government is on a mission to attack average citizens and the poor. The orders from the big end of town are pretty clear to see.
    Crazy Horse
    26th Aug 2016
    11:32am
    We are heading for a recession because of this incompetent government wrecking the economy and the public service.

    They gutted the tax office then complain about a lack of revenue!
    MICK
    26th Aug 2016
    12:13pm
    This government has not only racked up a huge $100 billion+ of new debt but it has done nothing other than attack average citizens and the poor whilst leaving the rich multinationals untouched and untaxed. And then we have the issue of offshore tax shelters to avoid Australian taxes. Come on in Malcolm Turnbull. Now Turnbull is trying to sell off the register which holds the dealings of the big end of town so that the last bit of transparency disappears and the rich crooks can do as they like incognito.
    More than incompetent Crazy Horse. Deceitful and intentional anti-competitive behaviour. They are essentially a crooked cartel working for the big end of town to plunder the rest of the nation.
    RJ
    26th Aug 2016
    11:40am
    "If the Government were to turn its attention to large companies and force them to pay more taxes first, would you be happier to then pay more tax to help reduce the deficit?"
    Are you kidding? Why should I, an ordinary tax payer pay more? I'm already taxed to the hilt. What did I do to cause the deficit? Why should it be my problem? Why penalise me for something I have no control over whatsoever? The Government caused the deficit by spending too much. Stop spending. $50 billion on warships?? Really....
    MICK
    26th Aug 2016
    12:14pm
    The top end is protected and Turnbull is still trying to bring in tax cuts as for them...as if they need this given they do not pay tax already in many cases.
    Ahjay
    26th Aug 2016
    12:57pm
    It will never happen.

    It appears to me that our system of government was set up by the "Robber Barons" with the two part system of government. That way they spend 90% of their energy fighting each other whilst the "Robber Barons"continue to run the country. Divide and rule!

    What could we achieve if all elected representatives actually worked together for the benefit of the nation?
    MICK
    26th Aug 2016
    1:13pm
    Guess who the "robber barons" support with their media outlets? I take careful note every election campaign and the last one was a despicable one sided affair with the grooming of Turnbull back into office.
    Old Geezer
    27th Aug 2016
    2:58pm
    I agree RJ why should we pay more tax than we legally have to? It is not us that can't balance our budgets. The government needs to learn to live within it's means like we all try to do.
    Anonymous
    28th Aug 2016
    4:24pm
    Nobody should pay more tax than they legally have to, but the loopholes should be closed to ensure EVERYONE pays their fair share and there is enough government revenue to fund the services, pensions and benefits that are needed to keep society healthy.
    Tom Tank
    26th Aug 2016
    11:41am
    Scomo is correct those who do not pay tax should have to pay tax. Unfortunately he is targeting the wrong "end of town".
    Multinationals would be a good place to start followed by those who pay virtually no tax because of the various tax minimisation schemes of which they take advantage.
    Will he take action against such people? Of course not they are the ones who put him there.
    MICK
    26th Aug 2016
    12:15pm
    Mates always protect mates.
    justsay'n
    26th Aug 2016
    11:43am
    If Scott Morrision does not have the ability to do the job he was elected for he should resign.
    Rather than taking responsibity and looking at implementing ways of fixing Australia's debt, he just keeps whinging and whining, blaming every Australian, the Opposition and China. Seems like we have inherited just another loud mouth bully same as Joe Hockey. If all Australian politicians were prepared and lead by example and start cutting back their own practice of granting themselves hugh wage rises, Immoral Superannuation Pensions and ongoing life time perks, it would be a good start to saving billions of dollars.
    MICK
    26th Aug 2016
    12:20pm
    Don't forget that this government is doing its best to give tax cuts to the top end and ignore multinational tax avoidance and offshore tax shelters set up to avoid tax obligations in this country.
    Sen.Cit.90
    26th Aug 2016
    12:37pm
    YES, YES, & YES justsay'n
    Arthur
    26th Aug 2016
    11:52am
    Prof. Steve Keen shows that Government debt is very low compared to other countries.
    Private debt is our problem.
    While other countries rush to debase their countries to improve their competitive advantage, Australia tries to strengthen it's dollar?
    Who does this man get his instructions from? The US?
    MICK
    26th Aug 2016
    12:20pm
    The top end of town. Like his predecessor Hockey he is a liar.
    Alex
    26th Aug 2016
    12:38pm
    You are correct Arthur, our public debt is low in comparison to other countries. Expenses can be covered by collecting correct taxes from large corporations but, as you said, they, the banks and the Big end of Town run this government. They want to transfer their tax obligations to the poorest who have been rendered voiceless.
    Grateful
    26th Aug 2016
    11:56am
    Wow!!! He's finally listening to what MOST thinkers have been saying for years. Maybe the sobering thought of that triple A rating has finally made him loose some arrogance and hubris??.
    He wants cooperation with the opposition yet never stopped abusing them in his speech!!! Pathetic. And how many of your here are in the "taxed not" category and that includes ALL Age Pensioners on the full rate with no other income!!! Hmmmm!! Sound familiar??

    While those with tens of thousands of dollars income, way above the marginal tax rates have organized their finances so well that none of it is taxed. How long before he tackles them.HA!! Look what happened when he tried to touch those millionaires precious super concessions!!!! That's why he wants the opposition to co=operate so he has someone to blame when his mates whinge.
    MICK
    26th Aug 2016
    12:23pm
    Cooperation is not what Turnbull wants Grateful. It's called a rubber stamp and 'never mind about the details, we'll take care of those'.
    Dictators just never get it. They do not own the world. Neither does Morrison or any of the low life front bench who disrespect us all.
    Alex
    26th Aug 2016
    5:19pm
    Is it a coincidence that Moody's started sprouting about a AAA rating just before the Government started this campaign on gouging low income earners for tax? Moody's gave AAA ratings to junk bonds which is what got the world into the trouble it is in. To quote an economic journalist "They are paid for the ratings they give and are to be taken with 2 dollops of salt."
    BrianP
    26th Aug 2016
    12:01pm
    Outrageous! We have made a mistake re-electing this Government. They just want to widen the gap between "Haves" and "Have Nots".

    Dr Helen Szoke is right. Big corporations should be made to pay their dues.

    Even more important - This Government is failing to protect and secure our Aussie way of life in so many areas.

    But we are to blame if we can't join together to vote the right people in to lead us.
    MICK
    26th Aug 2016
    12:24pm
    I hate to be the bearer of bad new Brian but I told you so...before the election.
    What does it take for voters to get it right?
    Old Geezer
    26th Aug 2016
    12:31pm
    Mick the voters did get it right. The alternative was even worse than the government so it was better to keep what you knew.
    MICK
    26th Aug 2016
    12:40pm
    If Morrison and Turnbull get their perverse budgets and tax increases for working Australians through then voters will very quickly understand what they should have done.
    The "alternative" is no worse than the current despots. Giving the rich tax cuts, refusing to fix the multinational tax frauds, refusing to close access to offshore tax shelters, fast increasing debt from the current lot are but a few things why Australians will throw out this despicable lot at the next election. Not even the big end of town media propaganda campaign will stop that.
    Old Geezer
    26th Aug 2016
    12:43pm
    ...except there is simply no one to replace them with.
    Snowwhite
    26th Aug 2016
    12:56pm
    Totally agree BrianP but don't blame me as I didn't vote for the Fascists!
    MICK
    26th Aug 2016
    3:49pm
    Me neither. That sadly was left to the intellectually challenged and those with a Party addiction.
    Anonymous
    26th Aug 2016
    6:16pm
    this election showed we still have enough voters with brains!
    Retired Knowall
    26th Aug 2016
    7:03pm
    So it was you two?
    TREBOR
    26th Aug 2016
    10:18pm
    Wouldn't hold my breath waiting for Labor to set it right once they assume hands on the controls again... every bad move by government is always impossible for the next government to fix since to do so would be too costly - just ask them.

    One reason I call the Government of Two Parties , The Tag Team. One leaps into the ring to give us a hiding, then hands off to the other to give us a hiding and so on...
    ex PS
    29th Aug 2016
    8:43am
    Right TREBOR, the so calleds work on the law of averages, they know that we are so stupid as voters that sooner or later they will both get a turn at ripping us off. We perpetuate the system by blindly believing it has to be one or the other.
    We may well be in the middle ages where the peasants believed that a certain class ruled by divine right.
    Pablo
    26th Aug 2016
    12:58pm
    I know there are a lot of genuine people on the dole, disability pension, and single mothers benefit, but there are also one hell of a lot of bludgers on those benefits. I know of so many, mostly younger, people who don't have a job and aren't interested in getting one, and girls/women who keep having kids so they don't have to try and find work. These bludgers need to be singled out and treated differently than genuine people. The new "handout generation" needs to be sorted out, and quickly. It won't be long before there are more people paying no tax than those paying tax, and then our taxes will have to increase to cater for this. As someone who DOES pay tax, I am so sick and tired of paying for the cigarettes, grog and drugs of these bludgers!
    Old Geezer
    26th Aug 2016
    1:02pm
    I agree Pablo it feels like you are paying for the excesses of others with no enjoyment for yourself.
    Pablo
    26th Aug 2016
    1:08pm
    Correct Old Geezer. I can't afford to even insure my house, contents or car but I am still paying for the bludgers to get council housing, doctor visits and public transport at minimal or no cost, and for them to go and sit around shopping malls doing nothing.
    Anonymous
    26th Aug 2016
    1:14pm
    I sympathize, Pablo, and there's some truth in what you say, but I think your idea of the remedy is too simplistic by far. We have to accept that if we are to have a welfare system - and most of us want one, to cater to those in genuine need - we will have a percentage of people taking unfair advantage of it. That percentage is actually quite small, despite the appearance that many are bludging. You cannot eliminate that sector that take advantage of the system. What you can do is improve the system to reduce the incentive to bludge or cheat. And that will NEVER be done with a stick or threats or by reducing access to aid that may be genuinely needed. It's done by examining WHY people choose the lifestyle of bludging or cheating and addressing the motivation for their choice.

    Intelligent analysts have acknowledged that there will be far more retirees buying luxury houses and taking cruises, and far more under 60s gifting generously to offspring as a result of the assets test change. And this will drive pension costs up. Why will people respond this way? Because the change is patently unfair and cruel and it hurts the honest and responsible and rewards the cheats. If you devise systems like this, you get more cheats.

    The single parent benefits and dole are the same. I know people who, despite disability, would love to work, if only someone would acknowledge their disability and recognize that special provisions have to be made to accommodate them. But instead, they are persecuted with claims that they are not disabled, because they can SOMETIMES mow the lawn or vacuum or engage in carpentry projects. SOMETIMES. When they are not having a major attack of some hideous ailment. When they are not working under fluorescent lights that give them horrendous migraines, or in air conditioning that causes severe respiratory problems. When they have a gap between chemo treatments for their cancer and they are not reacting badly. When they aren't totally exhausted working a 38 hour week when their health dictates they need every second day to rest and recover from the strain of an 8 hour day.

    I know long-term unemployed who have begged and pleaded for an opportunity to learn a trade, but been denied - or were unable to live on apprentice wages because they had a family and they are actually better off unemployed. Insane, but a reality.

    What we should be doing is ASKING these people we think are abusing the system what it would take for them to work and pay tax. Why are they living as they do. We might be surprised at the answers if we took the time to ask and listen respectfully, instead of making assumptions. If we truly understood the problem, we might be able to make moves to solve it. But the response seen here to complaints about the assets test changes tell me all I need to know about human nature and why the nation is in a mess. Instead of people LISTENING and CONSIDERING respectfully, and looking at how problems might be solved, I've seen a barrage of assumption-based BS and nasty insults, and selfish declarations from people who aren't affected, and are happy for someone else to be hurt.
    MICK
    26th Aug 2016
    1:17pm
    I have to agree but neither side of politics is prepared to significantly tighten welfare criteria lest they lose office. This is the perfect issue on which to have bipartisan support.
    But let's not be too naive and remember that 'jobs' have been disappearing faster than a torpedoed ship and this trend is set to continue. When you demonise the bottom end for not working you have to keep in mind that if there are no jobs to go to then what do you expect.
    Alex
    26th Aug 2016
    1:21pm
    Pablo our welfare system is world class for its hyper-vigilance. We do need to improve our ability to link young school leavers to jobs. Unless people have family connections it is often very difficult for young school leavers to find anything. Since the system where employers lodged vacancies with the old CES was scrapped and job ads went online it is very hard to find genuine employers. Jobs listed online are often filled but still advertised. Employers rarely reply and leave young people with no point of contact. I have never known a young person who has not wanted to have a career and they will usually go all out to get started in the workforce. It is easy to get discouraged when you get no reply or interview after looking for months or find you are in a very short term employment situations that quickly leave you out of work again.
    Pablo
    26th Aug 2016
    1:24pm
    Rainey, if you sat down and asked the bludgers respectfully why they abuse the system (asking in a nicer way than I said) I am sure they would say there is no jobs out there. In reality, there IS but they just refuse to try. They go along to interviews looking as daggy as they can and make no effort at all to encourage employers to employ them. I can tell you for a fact that while I am now in retirement, I would be able to find a job within a month if I wanted one! And what about all the foreign backpackers who are happy to work picking fruit etc when Australians will not get off their tail to do those jobs. I think that its time to use the stick on the bludgers rather than the carrot.
    Anonymous
    26th Aug 2016
    1:37pm
    I think you are wrong, Pablo, sorry. I think it's way too easy to judge and condemn, and way too hard to be empathetic and caring. Yes, I could find a job in a month if I needed one. But that's because I've had certain opportunities. Yes, I created them. I grew up in horrendous poverty, and heavily disadvantaged. But I had the advantage of a grandmother who taught me how to behave so that I would be respected, how to strive and achieve (small goals at first, but increasingly more ambitious), how to have personal pride and self-respect and to believe in myself. These people you condemn have too often been subjected to abuse or suffered trauma that destroys their self-esteem and/or their confidence in society. When you lose the ability to trust and to believe in yourself, the result is that you CAN'T do what is needed to find a job, not that you WON'T. Sure, they turn up daggy and make no effort, because they don't know HOW to do better. Because they don't trust that doing better can ever deliver an outcome for them. Because they feel isolated and excluded and disenfranchised by society.

    I've lived among these people, and I've helped them. I've learned WHY, and what it takes to implement change. I assure you, your judgmental attitude and the stick will make the problem far, far worse. It already has!
    Old Geezer
    26th Aug 2016
    1:38pm
    Just more excuses Rainey. We are all disabled in some way and I for one just hate being reminded of my problems.
    Anonymous
    26th Aug 2016
    1:44pm
    BTW. They don't say ''there are no jobs out there'', Pablo. What they say is ''Nobody would hire me'', because they have lost confidence in society and in themselves. A little understanding would go a very long way to helping them into work. But the condemnation they get from the ''holier than though'' ''I'm okay bugger you'' brigade just grinds them down further into despair. And then the judgemental wonder why the problem THEY created and exacerbated doesn't resolve itself when they wave a big stick and scream accusations. Ask people who've been there and found a way out. Maybe you could learn something if you stopped passing cruel judgment and actually listened.
    Pablo
    26th Aug 2016
    1:52pm
    Rainey, I can't agree with you and that's because I know too many people who have been given all the chances in the world and are not prepared to take them. eg why should I apply for that job when it pays not much more than the dole? eg why should I dress up to go to an interview, they will just have to accept who I am? etc etc etc.

    I do think a lot of the problems of today have been caused by the welfairy element that does not encourage people taking responsibility for their own actions, and they are all too willing to blame everyone else for their woes.
    TREBOR
    26th Aug 2016
    2:20pm
    I'm with you, Rainey - I grew up in abject poverty and deprivation, yet when I walk into a club or whatever people assume I'm a millionaire or something. It's all in the way you carry yourself and quality shows regardless..

    To paraphrase the duke of Wellington:- "Because one was raised in a gutter doesn't mean one is a gutter-snipe!"
    Gra
    26th Aug 2016
    5:21pm
    Tell me Rainey, why would someone want to hire a person who turns up at an interview wearing the same clothes they have had on for a week, their hair looking like their dad was a peacock and more metal in their face then a miner has in his boots? What happened to the idea of presenting yourself in an acceptable fashion? Truth is these young ones see this as a way of ensuring they DON'T get hired. Having a job would interfere with their relaxed lifestyle.
    Anonymous
    26th Aug 2016
    9:10pm
    You are right about a tiny minority, Gra. The majority do the best they are capable of doing. If we stopped judging and bashing and started holding at a helping hand, we might be amazed at the transformation. Show them how their circumstances can improve. Give them a hand up instead of stamping on them.

    Very few would CHOOSE a life on the dole. Have you checked how little it is lately? It's NOT an appealing lifestyle. But after a little while living that way, it becomes just too hard to keep trying to escape it. There's only so many knock-downs people can take before they give up and refuse to get up again.

    I get impatient with those who won't make an effort too, but I understand their suffering.

    You win, though, Pablo. Let's take a stick to them. A loved one committed suicide recently in response to that stick. He was mentally ill, but nobody wanted to understand or care - just pass judgment and condemn.
    Old Geezer
    27th Aug 2016
    2:54pm
    I went to a relative's funeral a few months back and there was over 50 people there and someone worked out that I was the only one not on welfare. It was like a badge of honour to them to be on welfare. I was disgusted.
    ex PS
    29th Aug 2016
    8:46am
    'Pablo, time to put aside the LNP propganda and think for yourself, the fact is that everyone who spends money in this country pays tax. Indisputable fact, you can not make the statement that there are adult people in this country who don't pay tax and be truthful.
    Chuck
    26th Aug 2016
    1:08pm
    Question to Mr Morrison
    Do you pay your correct rate of tax(47%) or does your accountant finds ways of minimising the amount of tax you pay. So does that make you a "taxed" or a taxed not". And how about your fellow politicians, are they the" taxed" or" taxed not".
    MICK
    26th Aug 2016
    1:22pm
    Thank you so much for that observation Chuck. That indeed is a fair question to which Morrison would offer the same response as the CEOs of the pharmaceutical industry during the senate inquiry: "we pay what we are required to pay within the current legislation. If that is not acceptable then politicians need to change the legislation". I took note of that response from one of the scumbags from this industry. Morrison would read off the same page.
    Luckily for Morrison his mate Turnbull has now hidden the financial affairs of the rich and is currently engaged in selling off the register so that nobody can see what the top end are up to. Now that is real corruption at play with no media screams to be heard anywhere.
    Old Geezer
    27th Aug 2016
    2:56pm
    Every person has the right to pay only what tax they are required to pay by law. If they can legitimately find ways of reducing their tax then that is the rules of the game.
    ex PS
    29th Aug 2016
    8:52am
    If people are avoiding paying a fair share of tax by using laws, it is time to change the laws. But change it for everyone not just the low income earners who can't fight against it.
    Biddy
    26th Aug 2016
    1:09pm
    No no he can blame anyone but himself and his money grabbing Liberals who else is on big money for sitting on ones bum telling everyone they need to pay more tax,the King of the Land whom greedy hands cannot leave others alone while they continue to get pay rise after pay rise,some I hear are on 1million a year these public servants whom bleed this country dry,doesn't matter how he puts it he doesn't know diddle squat,always picking wind out of a tree all these hanger ons and big greedy businesses whom write of billions of dollars in tax get away with it tell Scott Morrison to come down from his ivory tower and live like us simple people,and scratch for every dollar to exist ,we cannot live high on the hog like they do we are but the mere mortals whom get the blood sucked out of them every time they raise the word recession we have to have one,how many god forsaken Prime Ministers have told us this,they are like farts in the wind all of them,all air and no puff cheers
    Sen.Cit.90
    26th Aug 2016
    1:13pm
    I received the following email today from one of my connections. I do not know the truth of it all however I know that we do give foreign aid.
    Copied:
    Someone please tell me what the Hell is wrong with all the people that run this country!!!

    Both LABOUR & LIBERALS We're "broke" and can't help our own Seniors, Veterans, Orphans, Homeless, Etc??? In the last years we have provided direct cash aid to... Congo - 359 M Egypt - 397 M Ethiopia - 981 M Haiti - 1.4 B Hamas - 351 M Iraq - 1.08 B Jordan - 463 M Kazakhstan - 304 M Kenya - 816 M Libya 1.45 B Mexico - 622 M Mozambique - 404 M Nigeria - 456 M Pakistan - 2 B Russia - 380 M Senegal - 698 M South Africa - 566 M Sudan - 870 M Tanzania - 554 M Uganda - 451 M Zambia - 331 M, Indonesia – The mind boggles as to how much they get (they got $650m in 2013!) And with literally Billions of Dollars and they still hate us!!!

    Our retired seniors are living on a 'fixed income' Do they get any breaks while our government and religious organisations pour Hundreds of Billions of $$$$$$'s and Tons of Food to Foreign Countries!

    We have hundreds of adoptable children who are shoved aside to make room for the adoption of foreign orphans. “AUSTRALIA” A country where we have homeless without shelter, children going to bed hungry, elderly going without needed medication and mentally ill without treatment... etc.
    Imagine if the "GOVERNMENT" gave 'US' the same support they give to other countries.
    Sen.Cit.90
    26th Aug 2016
    1:17pm
    Sorry this has copied without punctuation; I hope you can work it out.
    MICK
    26th Aug 2016
    1:26pm
    Horrifying...and yet Tim Costello and Sarah Hanson-Young call for ever more money for the third world. THAT is why both sides of politics need to be replaced with Independents en mass. The clowns we have are off the planet and just don't get it: we need to look after ourselves before the third world. They have not even heard that we have debt to repay rather than give borrowed many away like confetti.
    Theo1943
    26th Aug 2016
    11:49pm
    Sen.Cit.84, please don't repeat lies. The Oz foreign aid budget for this financial year has been increased to 3.8 billion. Largest recipient is PNG $477million. Total for Africa $52 million. Just google it, it's not hard, even I managed it.
    http://dfat.gov.au/aid/aid-budgets-statistics/Pages/default.aspx
    I'm surprised you took that at face value Mick.
    Pablo
    26th Aug 2016
    1:15pm
    I just cannot believe the number of people commenting on here criticising the current government. If you don't like what they are doing, then spare a thought for your children and their children who will have to fork out to pay for the excesses and budget shortfalls created by the Rudd/Gillard/Rudd "governments". And now that the Coalition is trying to fix the labor/greenie created problems, the lefties are still dragging Australia down by blocking everything passing into the Senate.
    MICK
    26th Aug 2016
    1:30pm
    What a load of hogwash Pablo. Your children would have likely lost their jobs had Rudd not pumped money into the economy to keep it going in the short term. Your talk about "lefties" avoids the fact that Abbott/Turnbull have run up over $100 billion of NEW DEBT. have achieved NOTHING for the nation in over 3 years and spend huge amounts of money on politically motivated Royal Commissions whilst trying to lower taxes for rich people and corporations whilst putting up taxes for the rest of us.
    In the end this bunch will destroy as many jobs as they can and your children will be unemployed whilst the rest of the nation, what is left of it, is sold off to the rest of the world. Tell me about lefties. Unbelievable!
    TMac
    26th Aug 2016
    1:41pm
    As I said before get rid of the senate, they add zero value and block most everything that comes their way. The state of QLD hasn't had an upper house for decades after labor voted themselves out all those years ago and the state has managed just fine ever since. A good example is the Newman govt, he was turfed out because the voters didn't like what he was doing, democracy in action.

    You cant vote a govt in with a hostile senate full of self cantered clowns and then complain when they don't get the job done.
    Old Geezer
    26th Aug 2016
    1:54pm
    I can't either Pablo and I think if they put as much energy into making their life better instead of whinging they would be much better off.

    What the Rudd/Gillard government did was a bad knee jerk reaction and very foolish in that we still have their legacy today yet to be dealt with. All that money wasted just went overseas very quickly and failed to circulated well around our economy. It would have been better to let things take their natural course and the rebuilding wold now be happening with a robust economy.
    Anonymous
    26th Aug 2016
    1:55pm
    Heaven help us if they got rid of the senate, TMac. Then this ghastly and destructive Neoliberal mob would be totally unrestrained.
    Pablo
    26th Aug 2016
    1:57pm
    Couldn't agree more TMac. The Senate is supposed to be a house of review, NOT a house to push your own barrow at the expense of everyone else.
    Kaz
    26th Aug 2016
    2:16pm
    For goodness sake stop blaming Rudd Gillard. We have since had Abbott and Hockey who cut health and education but the deficit still increased and we now have Turnbull Morrison who still want to blame low income or those not working. There are lazy no income and there are top tax avoiders. Just different lifestyles. Tax everyone 1% no exceptions and see what happens.
    Old Geezer
    26th Aug 2016
    5:14pm
    Get rid of the Senate and let the government run the country. The Senate wants to run the country these days instead of the government.
    TREBOR
    26th Aug 2016
    10:22pm
    Now, now - hands on the ball, boys, and play the game and not the man.
    Patriot
    26th Aug 2016
    1:29pm
    This RUDE & CRUDE individual who calls himself treasurer needs to "Shape up or Ship out!
    Joseph (Hokey) called it the "Lifters & Leaners"
    This CLOWN (yet another one) calls it “The taxed and the taxed-nots,”

    Different Names but the same INSULT.

    Wasn't it time that they ensured the Multinational Cartels paid their dues in taxes?
    Isn't it time that the stopped these same CRIMINALS from exporting OUR jobs to Asia?

    How much longer are we going to take these king of Insults, Threats, blatant lies and this Fear Mongering from these Highly Overpaid BULLIES!?!?!?!?
    MICK
    26th Aug 2016
    1:42pm
    This crew are owned by the big end of town doing the bidding of the big end of town. You get the expected and I fail to understand how voters can be so short sighted as to not see this bunch for the low life political arm of the rich they are.
    nena
    26th Aug 2016
    1:38pm
    Tax those rich people who are wasting their money because they have too much in detriment of the poorer. I have noticed, for example, they order a three or four courses meal and then only eat some of each, the rest goes to the waste bins while there are millions, around them, starving.
    Old Geezer
    27th Aug 2016
    3:01pm
    I only order one meal and a spare plate. We share one meal between to two us so that nothing is wasted. Yes I could afford to buy 2 meals but I can't stand the waste.
    ex PS
    29th Aug 2016
    8:59am
    To each his/her own OG, but it seems like a pretty miserable existence to me. Life is for living and enjoying I never have understood why having a huge bank account is much good to you once you are in the grave.
    I have had my Accountant comment to myself how frugally we live (In his eyes), but I don't begrudge the Restaurant owner fair compensation for the space we take up when we go out to eat. Or the shear indulgence of letting my wife pick her own meal off the Menu.
    To me spending a trifle on a loved one is not a waste.
    lwcarden
    26th Aug 2016
    1:38pm
    For those of you who have commented, you need to look further. I tried to hire a junior to train- they didn't want to work!! They were happy to sit on the dole - we gave up after trying for about 8 weeks. Have a look in Shepparton where the largest Muslim population is - they don't work, have huge families - they collect benefits and spit on the Aussies walking by. Scott Morrison is not talking about the seniors who are entitled to a benefit !!!! He was talking about benefits NOT other taxes
    MICK
    26th Aug 2016
    1:45pm
    That of course is another story and one the Greens do not want to hear.
    The whole system needs to be reworked from top to bottom so that both bludgers and rich tax avoiders are forced to contribute to the nation rather than to their own wants and demands.
    Radish
    26th Aug 2016
    1:50pm
    Raise the GST to 15%
    Anonymous
    26th Aug 2016
    1:53pm
    Raising the GST will cripple those on fixed incomes (struggling self-funded retirees, who never get any compensation for such tax increases) and the poor, Pepe La Pew, and it will do NOTHING to stop the obscene hoarding of wealth in off-shore havens or in super accounts that attract obscene tax concessions. It will do NOTHING to stop the rich avoiding their obligations or to make companies hire more staff instead of paying CEO's mega-millions for sacking hundreds. It's a cruel, simplistic approach that will do massive damage.
    MICK
    26th Aug 2016
    1:59pm
    That targets ordinary citizens already paying a pretty high level of tax. The rich who are escaping their obligations in many cases will be all but unaffected as their tax avoidance continues to grow.
    We need government to collect all taxes, not play games of divide and conquer. Collect taxes from the rich and only then look at the GST, if required.
    TREBOR
    26th Aug 2016
    10:24pm
    Lower the GST to 0%. That'll start the economy flowing again and will allow government to recoup more in indirect taxes - just like in the Good Old Days....
    Anonymous
    27th Aug 2016
    2:20pm
    I think you might be mistaken about ScoMo not talking about seniors, lwcarden. And I KNOW he wouldn't agree that they have any ''entitlement''. He's been bashing retirees constantly. He's stripped hundreds of thousands of up to 30% of their income. He's tried to stop fair pension increases. He's demanding a desperately needed ''clean energy supplement'' be cancelled (based on blatant lies). And he hasn't given any indication at all that he disagrees with his predecessor's vile branding of ''lifters and leaners''. He's just changed the words a little.

    Retirees, collectively, have been hit harder by this stinking government's ''economic reforms'' than any other sector of the community. And I'm pretty sure the mongrels aren't done yet. Now there's even talk of taking the family home!
    Old Geezer
    27th Aug 2016
    3:03pm
    He is right we don't have a carbon tax any more so we need to get rid of the clean energy supplement.

    He is also right about the pension not being an entitlement. It is welfare that is paid so that old people don't live in poverty.

    26th Aug 2016
    1:51pm
    I never liked Wayne Swan much, but his comments in the article at https://www.theguardian.com/commentisfree/2016/aug/26/fixing-wealth-inequality-future-generations-will-think-us-mad-and-they-will-be-right?utm_source=esp&utm_medium=Email&utm_campaign=GU+Today+AUS+v1+-+AUS+morning+mail+callout&utm_term=187614&subid=11260329&CMP=ema_632
    make a lot of sense.

    At the end, he says:
    The 2014 budget tried to smash this model through the camouflage of a budget and economic emergency. The Turnbull government remains committed to its trickle-down economic policies; massive tax cuts for wealthy and powerful corporates and huge cuts to the social safety net. There is no question that Australia needs budget repair in the medium term but that can be achieved in an inclusive way.

    Put simply, we must grow together, not apart if the perils of rampant wealth and income inequality are to be avoided.

    I won't hold my breath for the stinking greedy Neoliberalists to make any attempt to ''grow together''. Sadly, their focus is putting more wealth in the hands of the rich and grinding the poor, working and middle class into poverty. It's a recipe for depression, and it's EXACTLY what ScoMo wants. Watch his daughter buy up all the cheap repossessed houses with her inherited wealth!
    Old Geezer
    26th Aug 2016
    2:00pm
    I agreed with the 2014 budget and what it would achieve.
    Kaz
    26th Aug 2016
    2:06pm
    You don't have to like someone to acknowledge good work. That govt kept us afloat through the GFC and now proposed a 10 year plan to reduce the current deficit that is thoughtful and inclusive. This govt just keeps changing its mind and is not committed to the country - some but not all of us.
    MICK
    26th Aug 2016
    2:14pm
    Thanks for the link Rainey.
    Whilst Swan is not the sharpest tool in the shed I agree with his statement about the middle class and lower classes being targeted by this government. What both this government and the privileged fail to understand is that the middle class will not be able to buy goods and services if there is no money available to them. Unfortunately the well to do seem to lack the basic thought processes to digest this and are too lazy to look to the US where this is how their society runs. So they continue to sick their coalition governments onto society to social engineer the outcomes they want and expect.
    Alex
    26th Aug 2016
    5:05pm
    Yes Rainey, Wayne Swan did not have the foresight he sometimes should have but was probably hampered by being in coalition with people with their own agendas.This is a very well expressed and insightful article. The Liberal agenda is to have the privileged grow at the expense of everyone else. They serve a small constituency of powerful people yet unfortunately many ordinary people fail to see that they are acting completely and deliberately against their interests.
    mIKER
    26th Aug 2016
    1:52pm
    According to Wikipedia Scott Morrison went to the University of New South Wales, where he received an honours degree in Applied Economic Geography; so why has so little understanding of economics? Again according to Wikipedia he was provided an excellent example by his parents, his dad was a copper and both of them ran youth services in their own time.
    Yet he has shown a complete disregard for human rights when Minister for immigration and equal disdain for economics or social justice as Treasurer. Most thought that Malcolm Turnbull would bring competence and fairness to his ministry; we were sadly mistaken. On so many counts, and Morrison is the exemplar, the Turnbull Government has sunk to new lows in competence, and has only exceeded its predecessor in rank hypocrisy.
    Old Geezer
    26th Aug 2016
    2:02pm
    It is not Scott Morison who makes the decisions. It is his department heads and their foot soldiers who really run the show. He is just the spokesman for want they decided but it is up to him to deliver it well.
    MICK
    26th Aug 2016
    2:16pm
    Actually Geezer it is his election funding benefactores. Same deal for the rest of the Liberal Party. As I have informed you on many an occasion follow the money trail and you will see who is pulling the strings.
    TREBOR
    26th Aug 2016
    2:53pm
    Rankin File, the public servant, only offers the information to the Treasurer, who then takes it to the Party room, where they apply a liberal coating of spin grease, then they roll it out as a finished product (dare I say 'high quality finished goods?).

    The information presented is based on what is asked for by government, and (apparently) according to the (gasps) mandate of the Department.
    Alex
    26th Aug 2016
    4:59pm
    Well summed up Miker
    Alex
    26th Aug 2016
    9:59pm
    Hi miKer I think Economic Geography is about things like real Estate, Town Planning, tourism and why industry and jobs are concentrated in some areas and not others. I am not sure that there was a great dept of economic theory in the course. It does not exist any more.
    Alex
    27th Aug 2016
    7:54pm
    (Correction of typos in above post)
    Hi miKer I think Economic Geography is about things like Real Estate, Town Planning, Tourism and why industry and jobs are concentrated in some areas and not others. I am not sure that there was a great depth of economic theory in the course. It does not exist any more.
    Kaz
    26th Aug 2016
    2:00pm
    How does he reconcile saying on the one hand that we have too few taxpayers but also wants to give tax cuts to most businesses?
    MICK
    26th Aug 2016
    2:18pm
    Of course that is the lie. If we need to pay back debt then we can't give huge tax cuts to privileged Australians. If there is a revenue shortfall then it would be necessary to collect the proper rate of tax from multinationals and rich tax avoiders.
    Neither of the above matter so the latest spiel is the next lie from Herr Goebbels.
    TREBOR
    26th Aug 2016
    10:27pm
    Yes - it's like Ballsup Baird and his screeching for a rise in GST because NSW was sooooo poor - followed 2-3 weeks later and just before the Federal election with the announcement of a 'surplus' budget for NSW under the Liberals (look how fiscally responsible WE are - load of bulldust).....

    Liars all and a credit to Dr Goebbels. They'll say anything to get anything across that they want, and will expect you to swallow it whole and without question, touch your forelock and go back to the dole queue and slave away at finding a paid job....
    cdbstock
    26th Aug 2016
    2:02pm
    Old Geezer - re your ' The economy would come to a halt as people would stop transferring money and the black economy would prosper.'
    You have misunderstood - it's a big ask but if you have read my description of a 'TT' you would understand that: people & businesses & other entities cannot avoid money transfers (eg - employer transfer of wages into employees bank accounts, pay-off credit card, bill payments by cash or cheque or direct deposit, withdrawals from ATMs/banks etc); the black economy would almost disappear - simply because 1 cash has to be obtained by pay or withdrawal & 2 the low rate of a 'TT'' (around 2%) would render it just not worth a saving of 2% shared considering the penalty


    g
    cd
    edit card vrepayments, direct deposit bill payments
    Old Geezer
    26th Aug 2016
    2:17pm
    Of course it would bring the economy to a halt. Just take the OAP. Your 2% taken out as soon as their welfare hits their bank account. Then if they transfer it into an account for a better interest rate another 2% and another 2% to bring it out and back into an ordinary account. Then another 2% on everything they buy. So far they have lost over 8% of their OAP.

    Personally I'd do everything for cash and then pay for everything with the cash I collect. I know many others would as well because a lot of people already do just that around here. May even enhance the current barter system that works well around here too.

    Also how do you regulate crypo-currencies which are the way of the future as people lose faith in the current money system? You simply can't.

    It is simple to hard to police and there are many ways around it.
    MICK
    26th Aug 2016
    2:21pm
    You have more outs than a pregnant nun Geezer. There are always way to fine tune a tax. The real issue is to make it fair and leave no loopholes....including anti loophole legislation which catches the crooks who find a way.
    ex PS
    29th Aug 2016
    9:07am
    OG, what you describe is stealing, you are no better than the Dole Bludgers you condemn, you are not using the tax rules to minimize your tax, you are avoiding paying the tax you owe.
    You my friend are creating your own form of welfare, stealing from tax payers to fund your own lifestyle.
    You may as well be claiming the Dole and working at the same time and have given up the right to criticize anyone on welfare. I hope someone dobbs you in for undeclared income.
    Adrianus
    29th Aug 2016
    10:55am
    Old Geezer is right. You lefties and communists don't think ahead far enough. I've always said that this Transaction Tax is like GST on steroids. Under this proposed TT people will be fearful to do business even if it was 0.5%. There would be very strong motivation to increase the black economy.
    The only way a TT could begin to work is if we got rid of currency and made all financial trades/transactions electronic. We are still a long way off as we saw with the census.
    On a more positive note, the welfare bank-card issued by the Federal Government to around 1,200 welfare recipients in Kununurra and Wyndham about four months ago appears to be working. It was introduced as part of a trial aimed at reducing gambling, violence, and child neglect.
    Shops are now getting bigger sales in food.
    Old Geezer
    29th Aug 2016
    1:42pm
    Agree Frank they really have no idea how the proposed TT would effect them.

    I actually think the welfare card is a good idea as it will stop money being spent where it should not be spent. Anyone with legitimate goods for sale will be able to access the welfare card and it cost little to set it up. It will stop people lining up at ATM in the early hours of the morning just waiting to access their cash. This must be a safety issue.
    Adrianus
    29th Aug 2016
    3:28pm
    Well if you give someone a tank of oxygen to keep them alive you don't want them blowing up balloons with it!! I don't understand their logic.
    SWOZ
    26th Aug 2016
    2:11pm
    If the government is serious about reigning spending, it should immediately close all off-shore refugee camps and bring the remaining residents to Australia. Give them each 100K start up capital and still save a couple of billion / year of taxpayers' contributions. Then sort the "non-taxed" into 2 groups: "1" the corporations, particularly the overseas headquartered ones, who pay little or now tax and "2" the citizens and residents, whose income is below the taxable income. Then enable legislation which ensures all corporations operating business in Australia pay taxes and legislation which ensures that the payment of minimum wages is enforced, enabling some of the low income "non-taxed" to get out of poverty and into a taxable income.
    MICK
    26th Aug 2016
    2:23pm
    Yeah....and then prepare for the non stop army of boats which start coming the next day. Sounds like a solution formulated in the third world.
    Scrivener
    26th Aug 2016
    2:35pm
    And Torpedoes.
    Anonymous
    26th Aug 2016
    4:46pm
    How about we send the so called refugees home SWOZ then the problem is solved. Why would we want them here they are mostly freeloading bludgers with no intention of working and will only cause as much trouble as they can . Lets just piss them off?
    Kali-G
    26th Aug 2016
    5:34pm
    Do we want more middle eastern rejects??????????????????????
    ex PS
    29th Aug 2016
    9:09am
    Kali-g, this country was founded on rejects, they came from Ireland. Scotland and England, and we did just fine.
    Adrianus
    29th Aug 2016
    9:44am
    Were the people, Aboriginies, who came from Africa(?) also rejects?
    Did they not do any founding?
    ex PS
    29th Aug 2016
    12:29pm
    Point taken Frank. It also proves that you don't have to be a certain colour to make a positive difference to a culture. But I will say that they probably came willingly, and were not deported as criminals, though no one will really know for sure.
    Antoinelechef
    26th Aug 2016
    2:33pm
    Dear Mr. Morrison, may I remind you that it was one of your party who granted tax cuts to the wealthy (those who can afford to pay tax)? Thank you Mr. Howard!
    Anonymous
    26th Aug 2016
    8:42pm
    And now Morrison wants to reduce company taxes (for companies that are already using dirty tricks to dodge) and cut taxes for high income earners.
    Scrivener
    26th Aug 2016
    2:33pm
    Should introduce a Mining Tax - maybe even own the mineral resources of the nation and sublet the digging. Should tax the freeloading offshore predatory corporations like Apple and Google. Should have zero Capital Gains Tax. Get rid of all incentives that give money to the rich. Introduce a Transaction Tax. The only incentives should be for innovation, research and investment in real, drop-on-your-foot invention and development.
    MICK
    26th Aug 2016
    2:38pm
    Careful. You have to offer something in the country or capital goes elsewhere. That is how the casino works.
    What is lacking is any fairness and abject greed where right wing governments govern only for their rich supporters. That is what has been happening since Abbott was groomed into office.
    Florgan
    26th Aug 2016
    2:49pm
    1- large multi national companies need to pay their fair share
    2- politicians wages,perks and super need to be bought in line with the rest of us
    3- then i might be happy to pay more tax
    Rae
    26th Aug 2016
    5:09pm
    Yes let's go back to when a government backbencher was paid the same as an experienced nurse, teacher or police person. And get rid of that $288 per night and $95 per meal allowance.

    For goodness sake it is no wonder they have no idea of frugality and saving or how to make money.
    Dancing Queen
    26th Aug 2016
    2:50pm
    The government should start looking at ex-politicians super/current politicians super and their own ridiculous salaries; the salaries of CEO's, Chairmen etc and the perks that are available to them (tax dodging) in the first instance. I am sure there are some massive savings there instead of hitting the low income, pensioners and the average self-funded retirees.
    Dancing Queen
    26th Aug 2016
    2:53pm
    Well said Margie
    Gra
    26th Aug 2016
    2:58pm
    If you want to collect more tax Mr Morrison how about you close those loopholes that are there for the fat cats like yourself? Get tough on big business, especially those with their HQ overseas, if they want to operate in Australia well they pay their fair share of tax here. This pathetic government always takes the easy route and targets those least able to afford any more hits to the wallet.
    poorwomanme
    26th Aug 2016
    3:13pm
    My first emotion was to remember the infamous words of one PJ Keating regarding ''the recession we had to have.''
    My 2nd emotion was remembering the pain of a 17% mortgage repayment we had to endure in the 8o's.
    My 3rd emotion was, you bastards were responsible for voting these mongrels back in power although I guarantee that every single one of you will deny this is so, as you always do but some mongrel did.
    My 4th emotion was Stuff it! I'm going to cop it in the neck one way or the other and when was I ever better off, no matter how hard I worked.
    I'm going to read the ''Sex toys for Mum'' article now, it's more likely to give me a better buzz than whinging about how sore my neck is from copping it from politicians!
    Then I'm going to read '' The way we poo........'' article but it probably wont be any help because I have been shat on by the best of them!
    And still I can laugh at the world because I am still 5' 7'' above ground, hahahahahahaha.
    moke
    26th Aug 2016
    3:16pm
    Mr Morrison you should look at the Taxed and the taxed not. Big companies get away with blue murder sending their profits over seas before they pay the taxes they are the taxed nots where as the Taxed are the average Australian workers doing it hard and even pensioners still pay tax GST and that amounts to a lot for someone on a limited income. I think full pensioners should have their photograph on the pension card and that should allow them to purchase Tax free. Now I know there are those on this site that will say just another pensioner whinging, well the majority of us have worked all our working life and paid our taxes which before superannuation was considered to be allowing for the pension when we retired. the fact that the government did not save any of the taxes paid is their mismanagement. About time they treated ex pollies the same as other retirees, give them their superannuation thankyou for your service and that is it. The amount the poor tax payer has to see go to retired pollies is disgraceful they already had plenty to feather their nest, now go live in it.
    MICK
    26th Aug 2016
    3:31pm
    Unfortunately moke it is not a fair world and the rich own the game and come after others whilst convincing themselves that they deserve tax cuts. They own and/or control most of the media and bribe politicians to do what they want. Morrison is just the messenger and most Australians are their intended victims.
    I agree with poorwomanme above who says that SOMEBODY voted the bastards in. Whilst my feelings about the Abbott/Turnbull governments is clear i find it incredible that I still read troll comments supporting this rich man's government whilst trotting out the pink batts, school halls and debt chestnuts which are old hat and cannot hide the complete incompetence of the current lot wanting to give more and more of our money to the top end and then increase taxes on the rest of us.
    Sam01
    26th Aug 2016
    3:25pm
    The Treasurer is correct, in so much that the large multi-nationals who have their head offices in tax free havens pay next to none, instead of Billions, the super-wealthy who likewise can engage tax lawyers and accountants to set up offshore accounts an trusts to pay next to no tax, the politicians have their own special rules for super and pensions etc. Then there is the outrageous welfare arrangements where families earning hundreds of thousands get welfare to pay for child care etc. So let the governments both Liberal and Labour and the new 'Independent' Senate show some gumption for the good of the nation and address these aspects first (but they won't due to their various immovable self interests). So that likely means taxing middle Australia, pensioners, self funded retirees, etc more, because they will never tackle the hard targets, always the soft ones. Big talk, posturing, petty political bickering, point scoring and above all self interest from ALL sides of government, but no collective will or action!
    MICK
    26th Aug 2016
    3:34pm
    I think you will find the new mix is about right but from what I have heard from Turnbull and Morrison it is going to be 'my way or the highway'. The idiots just cannot get it into their thick skulls that they are not in charge.
    Expect another election early next year. Turnbull will call one after a few of his draconian bills are rejected and the rich do not get their free money.
    TMac
    26th Aug 2016
    3:33pm
    that's a cracker "poorwomanme" me... yes I think I'm done with whinging too.... its Friday after all... beer o'clock here we come :-)

    26th Aug 2016
    4:12pm
    Today far to many are finding ways to not pay income tax that's the one. Not GST. Which was supposed to replace a lot of taxes but didnt as states still charge stamp duty etc - Tassie does so we pay both on insurance and most other things.
    Anyway its the off shore accounts and trust accounts that the very wealthy use to avoid income tax. And seeing AAFAIK very little reprting if any of their actual income unlike PAYG which certificate is sent end of year to ATO. So least paid. Workers. Pay on their whole income.
    the wealthy dont get income taxes stopped out of their income from companies and Keating made sure dividends werent taxed saying double -when not. Antoher use dof words to fool us.Company paid company tax yes. but dididends are then paid to shareholders. Income to them should be taxed to be equitable. Anyway until we get rid of Labor Liberals and their hold on powr we are stuffed. They just pay lip service and fight over who is on goverment bench knowing bit more pay than on Opposition bench but no one will take away their hold on these benches. Ask Pauline Hansen on first try One Nation. Scared the silly and they collectively destroyed and gaoled her wrongly. Yet today over at meeting place and here too most favour Labor Greens who are far left these days - and hate us all in reality - hate whites think we oppress others brought in hate laws which advantage non-whites over whites who themselves today are in minority in the world and will by 2040 be in Australia said UN. They were righ ton London being black just one year earlier than forecast. Now blacks fleeing. So we need new people in governments not tainted with playing politics in place of actually governing' Which would be to make the Nationals pay tax in Australia and close loop holes that allow tax avoidance like public service have managed to fit into their pay these days since they got more power - make more money in top grades than our Prime Minister by far. 3 million CEO Aus Post.PM $550K. Both high. But then CEO bank 12.5 million. WE dont know how much income tax is paid on this. But I would safely bet quids on its nothing like the percentage of income an ordinary worker is paying on PAYG>
    And therein lies the problem. Added to this is chattering classes, new left haters, Tony Jones prime example along with most media today - all paid OTT he gets 330k a year. They want to being in more and more refugees. We are today 24 million of which 10 million pay actual income tax all classes PAYG and others who do give some to the ATO bit like late Packer who said spend it right and I will donate more. We cant pay fo those here today who are on benefits with large families mainly Muslims for years some never worked and back in their old country on the Age Pension as we saw Gillard sending ship and bringing back those in Lebanon. Partly why in trouble - and spending more than coming in by way of income taxes. Dont forget GST goes to the States. Not to Feds.
    So we need to stop moaning and start voting for alternative parties who will do the right thing for majority and not just pad thei rown pocket which lets face it is rife today. All greedy and bugger the rest of you I want my bit. And thats how they govern. I;ll do this if you do that. But in the end they agree to pay themselves but now and then throw us a boe like leaking on Bronwin who upset a few as Speaker so used her to show us how 'fair' they are with our taxes taken straight out of our pay. NO chance for us to not pay it. And nor should others wealthier than majority be left chances to sneakily pay far less.
    One Nation looks to have matured. ALA look at them too. Both have decent policies which point to better governance if get power to govern. Others too coming up -so stop automatically defending Labor Greens Liberals - they are all past it. Lost the plot. Up to their ankles head first in the trough. Maybe tell a few what you think. Demand why not chasing up all to pay the same percentage of income as PAYG workers do. And its their pay which was always the biggest slice of the cake of Federal Revenue. Now with loss of manufacturing and other industries like motor cars coming up to lose more in SA, and dodgers getting off with cheating, plus bludgers who live off Centrelink of all shades with heaps of kids making career out of it we are in a right pickle. Borrowing the shortage to run the country. CAnt go on like this. Yet all they do is argue who said what and fight for the more lucrative better paid benches in Parliament.
    Old Geezer
    26th Aug 2016
    4:33pm
    Companies and shareholders are taxed on dividends.
    Kali-G
    26th Aug 2016
    7:43pm
    a very intelligent comment!!!

    26th Aug 2016
    4:18pm
    What a bunch of wingers today, woe is me the overpaid bloody welfare recipients (pensioners and so on) and the bloody lefties who got there arses kicked in the last election who had there chances and blew it you have to get over it and get on with life because you have three years of the current Government and that"s it.

    Iv"e got an idea go and have a beer you might feel better and even smile.
    Old Geezer
    26th Aug 2016
    4:36pm
    Well said.
    TREBOR
    26th Aug 2016
    10:33pm
    Stick to playing the game - you sound so much more intelligent when you try that.......

    Two matches into the weekend with a perfect score in the tipping comp, including the score differential in the first game, and I've seen so far eight good wingers out there on the paddock.......

    Oh - you meant 'whingers' - the standard name-calling response when someone has the balls to complain....
    Anonymous
    27th Aug 2016
    8:29am
    Great response, Trebor. Well done!
    TREBOR
    27th Aug 2016
    2:49pm
    I used to work for the CPS, Rainey - I know how to insult with the best of them.... but I failed Back-stabbing 101 and Shifting Kudos 201(b)....
    moke
    27th Aug 2016
    4:20pm
    AH! Robbo I hope you can afford a beer and don't forget some of that cost is tax
    David
    26th Aug 2016
    4:20pm
    Though I'm not a fan of Scott Morrison, I feel that he has been misquoted/misinterpreted here.
    The writer Leon Della Bosca said that "Mr. Morrison feels that it’s possible that more Australians will go through their entire lives without paying any tax."
    Scott Morrison never said this. Of course everybody pays some GST when they purchase goods and services.
    What Scott Morrison is saying is that more and more Australians are likely today to be net beneficiaries of the Government than contributors. That is, many Australians are receiving more in Government pensions and benefits over their lifetime than what they've paid in taxes over their lifetime. Apparently 40% of Australians are in this category.
    This is not sustainable.
    Old Geezer
    26th Aug 2016
    4:35pm
    The tax he is referring to in his statement is income tax. GST is something completely different altogether.
    David
    26th Aug 2016
    5:32pm
    Old Geezer, I couldn't find any references in the article to any specific taxes referred to by Scott Morrison. I took Scott Morrison's comments in the article to refer to all taxes, including GST, income tax and other taxes.
    Some others who have commented on this article have also interpreted it to include GST.
    Where does Scott Morrison say in this article that it refers to just income tax?
    The point I think that Scott Morrison is making is that a significant number of Australians (40%) are receiving more benefits from the Government over their life time compared with what they are contributing to the Government (in the form of taxes).
    Thanks
    TREBOR
    26th Aug 2016
    10:38pm
    Morrison has a habit of doing that, along with his entire government. Thus far all we hear is clouds of rhetoric about 'support budget repair' etc, and slamming Labor - but we have yet to hear WHAT they are actually wanting to do in detail that we can analyse and understand.....

    Of course, what you'll hear is not what you'll get.... so why bother?

    I know - let's surrender our entire position in Cuba! Tom - get me The President on the line - we're opening the gates on Gitmo....

    Let's just lie down and let Morrison and Co kick us around, then put Labor back in so they can wring their hands and say they can't afford to fix that problem now, since their own agenda takes up all the ready and there's still an emergency - now made soooo much worse by the previous hated government leaving so many booby trapped Black Holes in the Budget....

    "Unforeseen Budget Shortfall of $573BN Will Cause Delay In Rectifying Wrongs of Past LNP Government, says incoming Treasurer".........
    TREBOR
    27th Aug 2016
    2:51pm
    In that case, David - Morriarty needs to learn his script properly before challenging the Sherlocks out here who can pick the eye out of a gnat at 500 miles..

    It's elementary, my dear Watson... we all know he can never walk the walk - but he could at least talk the talk....
    winnientiggr
    26th Aug 2016
    4:21pm
    the worst offenders are the politicians so many lurks and perks they already receive
    exorbitant salaries so there is no need for extras on top.Including their outrageous superannuation scheme that pays out more than they earn available as soon as they are kicked out at the next election.How about we try the European system where everyone pays 20% and no loopholes
    TREBOR
    27th Aug 2016
    2:52pm
    Having all those perks is a deliberate policy to ensure that they immediately lose touch with the realities on which they were elected, so as to fall more easily into the Party line......
    Rocket49er
    26th Aug 2016
    5:02pm
    Here we go again, the libs talking down the economy as their way of waving a big stick. Psychology indicates that negative thoughts lead to a downward spiral, positive thoughts to an upward spiral. Australia does not need businesses reducing their investment and employment because of a negative ideas being spread by anyone!
    Happily retired early
    26th Aug 2016
    5:05pm
    Is he talking about our prime minister who has his money in an overseas tax haven or is he talking about big business or the big multinational companies that pay no tax in Australia.
    None of this talk before the election get ready for new taxes or an increase in the gst be warned
    Kali-G
    26th Aug 2016
    5:39pm
    If these so called smart politicians had the gumption??? which they dont...than we should cut out Foreign Aid Save 8 billion dollars!
    Than cut out handouts to aboriginal guilt trips saving 1.5 billion dollars
    Dont build all those submarines...save 30 billion dollars
    Cut out moslem immigration...save 1 billion dollars
    cut old pollies lucrative scams...save many millions
    Tax foreign comapies as if they were australian companies...
    reduce parliament...
    and so on..and on
    THIS WOULD TAKE A HUGE JUMP OF FAITH BUT WOULD BE WORTH IT.
    Nan Norma
    26th Aug 2016
    5:42pm
    Today, for the first time in 20 years, I had to go to my local Centrelink office. I had to park my car some distance away and walk. I was stunned by the fact that everyone I walked past was speaking a foreign language. Whilst waiting my turn in Centrelink I glanced around at all the people waiting. Just about every person, by the clothes they wore, was from the middle east. It did come as a shock to see how much things had changed since I last entered Centrelink. My thoughts were so this is where all the money is going. The government is cutting down on pensions. The rich are not paying for these people, it is the ones that can least afford it. Let the politicians pay their share.
    I would like to see the government get tougher on carer payments. I've seen too many people receiving these payments where the 'cared for' is quite capable of caring for themselves.
    Old Geezer
    26th Aug 2016
    6:17pm
    Last time I was in Centrelink the only people with shoes on was the staff and me. I was invited to a Centrelink talk this morning o n the changes to the OAP and super but decided that I really couldn't put up with all the whingers in the room.
    TREBOR
    26th Aug 2016
    10:44pm
    Now, now - I'm a pensioner and a carer, and all fully approved, and let me tell you - the role of carer is not easy at all and is quite costly when you add up all the fuel etc for doctors and such visits 2-3 times a week. I even had to buy a more thirsty car since it is the only one comfortable enough for the disabled one.

    That whole $123 a fortnight would not cover my fuel bill since we live in the country...... and all the docs etc are miles away.

    Dang - I was approached to work with the Veterans association, trip of 150km each way. I had to say hold off until things are settled here and all the costly renos for disability are finished, including bathroom, ramps and so forth.

    Nope - the carer's role is not an easy one, and is certainly no windfall for the real ones.
    Nan Norma
    27th Aug 2016
    12:42am
    Trebor. "The carer's role is not an easy one, and is certainly no windfall for the real ones"
    Well that's what you expect it to be if you are paid to be a carer, but I've seen too many people that can go on overseas holidays, and do all kind of things that they certainly don't need a carer.
    Anonymous
    27th Aug 2016
    2:09pm
    What has going overseas for a holiday got to do with it, Nan Norma? Is a disabled person who needs special care not entitled to visit a relative abroad or go overseas for medical attention?

    Carers are paid $123 a fortnight to meet horrendous costs that the average person doesn't have to deal with, forfeit income earning opportunities to save the taxpayer money and their loved one discomfort, and sacrifice leisure time and often sleep to nurse their loved one through pain or illness and compensate for their inability to perform certain tasks.

    I don't see how someone getting $123 a fortnight for all that sacrifice entitles taxpayers to whinge about a disabled or sick person who needs special care being able to take a holiday. Being disabled or sick isn't a crime (although some here seem to think anyone who claims a benefit is automatically dishonest!). We shouldn't be sentencing those unfortunate enough to suffer to a life of misery. Have some charity and respect please.
    TREBOR
    27th Aug 2016
    2:56pm
    The alternative is for the Guv to pick up the slack - an associate is currently working on home care - ten hours a day or night sometimes - and is getting a very good wage for it, clearing a couple of grand a fortnight is easy.

    On that basis, I figure the carer allowance should mean you get a second pension full.... I'm happy to have anyone come in and see what is done here.. any time.

    I just spent my super on mods to the house.... do I get that back? And I'm still looking for a job on the side....
    Anonymous
    28th Aug 2016
    4:21pm
    I just don't get how some people can be so cruel and heartless. What should we do with the sick and disabled? Herd them all into prison-like institutions. The cost to the government would be many times what it costs to pay carers a decent pension.

    Yes, cripples go on holidays, Norma. I've seen them caravanning round Oz with special lifts on their vans to get in and out. I've seen them out there with their breathing machines and their seeing eye dogs. And thank goodness! Thank God these poor people are able to enjoy a little life.

    This nation is sick to the core. We've lost our basic human decency. We treat our aging with contempt, with many here declaring they should all be forced to drain their savings and live in poverty and the OAP should be barely enough to survive on. We treat our disabled and sick appallingly, wishing them misery and declaring them ''fakers'' if they are able to enjoy any semblance of normal life for part of their time on earth. And yet many here accept that obscene superannuation tax concessions, negative gearing, capital gains tax concessions, and all manner of other benefits and grants should negate most of the tax the wealthy pay so they can hoard mega-millions in off-shore tax havens. What a sick world!
    ray from Bondi
    26th Aug 2016
    5:56pm
    how about taking on the new thinking of USA and that is protectionism for their workers, I started in the workforce in 1960, there was FULL employment because Australia workforce was protected from the supposedly level playing field ( we won't be level till a bowl of rice a day and begging is common). if something was produced in austral the government HAD to buy it and not the cheaper import.
    the only answer the draconian Orwellian liberal party has is the bash the unfortunate. There is NO WORK for anybody who does not have a university education, and that is also disappearing thanks to the world on te internet.
    Alex
    26th Aug 2016
    10:07pm
    Yes Ray. It is disappointing to see some people insisting that there is work there but people will not do it. When there is sufficient work available unemployment rates are always under 2%. They are currently around 6% and businesses are not crying out for workers. People really do not realize how much the system has changed and how difficult it is for those who do not have a high level of academic achievement to get into the workforce. There are casual jobs such as retail and hospitality jobs for the under 22s but the shifts cut out when people go on adult award rates. There is insufficient post secondary training for those who do not get into TAFE or Uni.
    TREBOR
    26th Aug 2016
    10:48pm
    Indeed, Ray - there is much talk in the US about the terrible mistakes corporations made in off-shoring their work etc - they are now beginning to realise that their own people - their primary market for their gas guzzlers etc - cannot afford to buy any longer.

    You don't have to look too far to see that is exactly the issue here and now. As for things being cheaper in the 'global economy' with all that cheap labour - let's just say that I'm doing some house renos and the cost of materials is all much higher. Timber finishes stuff is imported at twice the price of three years ago, iron/colourbond costs more, nails and screws are certainly no cheaper.
    Old Man
    26th Aug 2016
    5:59pm
    Here we go again, the left leaning writers have given Mick and his mates something to wax lyrical about. Woe betide any who dare suggest that the government is doing OK, they'll be torn to pieces, called names and be accused of being paid by the Liberals. All we see is name calling, bad spelling and useless advice without an explanation as to how the useless advice could work.
    Old Geezer
    26th Aug 2016
    6:12pm
    Thanks Old Man I do think the government is doing OK given the circumstances under which they are governing. I can't see that the opposition would be a match for them at all.
    Anonymous
    26th Aug 2016
    8:52pm
    Doin' great, playing Sheriff of Nottingham and stealing from battlers to line the coffers of the stinking rich who hoard their cash in off-shore tax havens. Doin' great insulting the workers of this country with their vile and disgusting slogans, slashing services, killing off job opportunities, and driving the nation closer and closer to DEPRESSION.
    TREBOR
    26th Aug 2016
    10:48pm
    Play the game - not the man. You all sound so much more intelligent that way.
    Old Man
    27th Aug 2016
    11:00am
    I suppose this post of yours TREBOR is a good example of playing the game, not the man? It was posted 26/8 at 10.33pm.

    "Stick to playing the game - you sound so much more intelligent when you try that.......

    Two matches into the weekend with a perfect score in the tipping comp, including the score differential in the first game, and I've seen so far eight good wingers out there on the paddock.......

    Oh - you meant 'whingers' - the standard name-calling response when someone has the balls to complain.... "
    Anonymous
    27th Aug 2016
    12:53pm
    That was a very intelligent response to a very dumb post, Old Man. The unintelligent person playing the man, not the game, was not Trebor. It was the one branding all of us who dare to make comments criticizing an inept and corrupt government ''whingers'' (Oh, sorry, not ''whingers'', winger's. Are there actually ANY of those here?)
    TREBOR
    27th Aug 2016
    2:58pm
    Some people just don't 'get' a neat slicing and dicing....

    Anyone want to review the intro for my new book "Robin de la Houde"?
    Old Geezer
    27th Aug 2016
    3:12pm
    I'll say it again I'm actually pleased with the way the government is going considering the circumstances. It just needs to pull out some more weeds in it's garden and it will look a lot better.
    Anonymous
    28th Aug 2016
    4:12pm
    Only the selfish privileged are happy, OG. The rest of the world is enraged at the appalling over-indulgence of the rich and decimating of the economy.

    Today I went shopping. Two major nationwide franchises are closing down and putting tens of thousands out of work. Anyone who thinks the government is doing okay is ignorant in the extreme.
    Captain
    29th Aug 2016
    6:48pm
    Sorry old man and og, since the election this govt has actually done nothing.
    musicveg
    26th Aug 2016
    6:54pm
    Full list of companies paying no tax:

    QANTAS AIRWAYS LIMITED
    Total income: $14,904,300,000
    GHP 104 160 689 PTY LTD
    Total income: $11,731,300,000
    EXXONMOBIL AUSTRALIA PTY LTD
    Total income: $9,617,330,000
    ENERGYAUSTRALIA HOLDINGS LTD
    Total income: $8,843,050,000
    LEND LEASE CORPORATION LIMITED
    Total income: $7,683,440,000
    DOWNER EDI LIMITED
    Total income: $6,572,670,000
    ARRIUM LIMITED
    Total income: $5,611,830,000
    CITIC RESOURCES AUSTRALIA PTY LTD
    Total income: $5,050,800,000
    BLUESCOPE STEEL LTD
    Total income: $4,678,480,000
    MITSUBISHI DEVELOPMENT PTY LTD
    Total income: $4,615,250,000
    GLENCORE INVESTMENT PTY LIMITED
    Total income: $4,611,850,000
    HOPE DOWNS MARKETING COMPANY PTY LTD
    Total income: $4,444,630,000
    VIRGIN AUSTRALIA HOLDINGS LIMITED
    Total income: $4,305,120,000
    GENERAL MOTORS AUSTRALIA LTD
    Total income: $4,138,130,000
    LLOYDS INTERNATIONAL PTY LIMITED
    Total income: $3,950,990,000
    AZSA HOLDINGS PTY LIMITED
    Total income: $3,774,310,000
    VODAFONE HUTCHISON AUSTRALIA PTY LTD
    Total income: $3,567,090,000
    ANGLO AMERICAN AUSTRALIA LIMITED
    Total income: $3,541,480,000
    AUSTRALIAN PHARMACEUTICAL INDUSTRIES LIMITED
    Total income: $3,322,340,000
    HEWLETT PACKARD SOUTH PACIFIC PTY LTD
    Total income: $3,130,520,000
    BHCA PTY LIMITED
    Total income: $3,128,010,000
    CHEVRON AUSTRALIA HOLDINGS PTY LTD
    Total income: $3,031,730,000
    PEABODY AUSTRALIA HOLDCO PTY LTD
    Total income: $3,020,430,000
    FORD MOTOR COMPANY OF AUSTRALIA LTD
    Total income: $2,940,670,000
    BHP BILLITON ALUMINIUM AUSTRALIA PTY L TD
    Total income: $2,888,630,000
    NEWS AUSTRALIA HOLDINGS PTY LIMITED
    Total income: $2,847,570,000
    TRANSFIELD SERVICES LIMITED
    Total income: $2,817,420,000
    CARGILL AUSTRALIA LIMITED
    Total income: $2,596,780,000
    LAING O'ROURKE AUSTRALIA PTY LIMITED
    Total income: $2,554,540,000
    NEWMONT AUSTRALIA HOLDINGS PTY LTD
    Total income: $2,545,620,000
    PUMA ENERGY (AUSTRALIA) HOLDINGS PTY LTD
    Total income: $2,449,380,000
    BNP PARIBAS
    Total income: $2,443,480,000
    NEWCREST MINING LIMITED
    Total income: $2,439,550,000
    AVENG AUSTRALIA HOLDINGS PTY LTD
    Total income: $2,364,360,000
    MARUBENI AUSTRALIA LIMITED
    Total income: $2,326,650,000
    INGHAM HOLDINGS I PTY LTD
    Total income: $2,268,130,000
    SPOTLESS GROUP HOLDINGS LIMITED
    Total income: $2,267,840,000
    BURNS PHILP AND CO PTY LIMITED
    Total income: $2,263,120,000
    RTA HOLDCO AUSTRALIA 1 PTY LTD
    Total income: $2,151,050,000
    AGRIUM SP HOLDINGS PTY LIMITED
    Total income: $2,149,180,000
    FOOD INVESTMENTS PTY LTD
    Total income: $2,124,040,000
    HEALTHSCOPE LIMITED
    Total income: $2,121,700,000
    CSL LIMITED
    Total income: $2,105,980,000
    NISSAN MOTOR CO (AUSTRALIA) PTY LTD
    Total income: $2,098,610,000
    AMCOR LIMITED
    Total income: $2,085,770,000
    SABMILLER AUSTRALIA PTY LTD
    Total income: $2,078,380,000
    MITSUBISHI MOTORS AUSTRALIA LIMITED
    Total income: $2,037,580,000
    UGL LIMITED
    Total income: $2,019,200,000
    FUTURE FUND INVESTMENT COMPANY NO.3 PTY LTD
    Total income: $2,010,080,000
    DAVID JONES LIMITED
    Total income: $2,005,960,000
    FOXTEL CABLE TELEVISION PTY LIMITED
    Total income: $1,973,520,000
    SGSP (AUSTRALIA) ASSETS PTY LTD
    Total income: $1,965,190,000
    NEW ZEALAND MILK (AUSTRALASIA) PTY LTD
    Total income: $1,956,740,000
    VENNOR INVESTMENTS PTY LTD
    Total income: $1,858,500,000
    CONCOPHILLIPS AUSTRALIA GAS HOLDINGS PTY LTD
    Total income: $1,850,760,000
    TRANSPACIFIC INDUSTRIES GROUP LTD
    Total income: $1,814,300,000
    FULTON HOGAN AUSTRALIA PTY LTD
    Total income: $1,788,020,000
    SUMITOMO AUSTRALIA PTY LTD
    Total income: $1,783,440,000
    MONDELEZ AUSTRALIA GROUP CO PTY LTD
    Total income: $1,742,570,000
    WILMAR AUSTRALIA HOLDINGS PTY LIMITED
    Total income: $1,696,560,000
    MIRVAC LIMITED
    Total income: $1,690,750,000
    QUEENSLAND ALUMINA LIMITED
    Total income: $1,682,780,000
    NINE ENTERTAINMENT CO. HOLDINGS LIMITED
    Total income: $1,622,200,000
    YANCOAL AUSTRALIA LIMITED
    Total income: $1,591,810,000
    HYDROX HOLDINGS PTY LTD
    Total income: $1,560,010,000
    SWISS RE AUSTRALIA LTD
    Total income: $1,537,740,000
    BPIH PTY LIMITED
    Total income: $1,486,950,000
    BAE SYSTEMS AUSTRALIA HOLDINGS LIMITED
    Total income: $1,464,530,000
    CSR LIMITED
    Total income: $1,456,650,000
    CO-OPERATIEVE CENTRALE RAIFFEISEN-BOER ENLEENBANK B.A
    Total income: $1,435,830,000
    VICTORIA POWER NETWORKS PTY LTD
    Total income: $1,432,110,000
    INGRAM MICRO HOLDINGS (AUSTRALIA) PTY LIMITED
    Total income: $1,397,660,000
    ELDERS LTD
    Total income: $1,396,970,000
    TRANSURBAN HOLDINGS LIMITED
    Total income: $1,378,840,000
    HANNOVER LIFE RE OF AUSTRALASIA LTD
    Total income: $1,364,420,000
    AUSTRALIAN PIPELINE TRUST
    Total income: $1,355,620,000
    AUSNET SERVICES (DISTRIBUTION) LTD
    Total income: $1,311,240,000
    ADM TRADING AUSTRALIA PTY LTD
    Total income: $1,307,020,000
    STOCKLAND CORPORATION LTD
    Total income: $1,283,000,000
    WATPAC LIMITED
    Total income: $1,277,620,000
    MMG AUSTRALIA LIMITED
    Total income: $1,274,470,000
    DIMENSION DATA AUSTRALIA PTY LTD
    Total income: $1,260,500,000
    RCR TOMLINSON LTD
    Total income: $1,205,950,000
    INTERNATIONAL POWER (AUSTRALIA) HOLDINGS PTY LTD
    Total income: $1,205,630,000
    SANDVIK AUSTRALIA HOLDINGS PTY LTD
    Total income: $1,202,330,000
    RGA AUSTRALIAN HOLDINGS PTY LTD
    Total income: $1,193,960,000
    ABB GROUP INVESTMENT MANAGEMENT PTY LTD
    Total income: $1,173,330,000
    TRONOX LIMITED
    Total income: $1,172,150,000
    AGL GENERATION HOLDCO PTY LTD
    Total income: $1,150,860,000
    GE CAPITAL AUSTRALIA FUNDING PTY LTD
    Total income: $1,121,340,000
    ATLAS IRON LIMITED
    Total income: $1,120,200,000
    HAIL CREEK MARKETING PTY LTD
    Total income: $1,087,990,000
    VANTIVE AUSTRALIA PTY LIMITED
    Total income: $1,084,630,000
    GOODMAN FIELDER LIMITED
    Total income: $1,083,630,000
    GLENCORE AUSTRALIA INVESTMENT HOLDINGS PTY LTD
    Total income: $1,074,920,000
    CLERMONT COAL MINES LTD
    Total income: $1,065,230,000
    BANPU AUSTRALIA CO. PTY LTD
    Total income: $1,052,840,000
    WHITEHAVEN COAL LIMITED
    Total income: $1,040,650,000
    BOEING AUSTRALIA HOLDINGS PTY LTD
    Total income: $1,024,780,000
    TREASURY WINE ESTATES LTD
    Total income: $1,012,590,000
    MUNICH HOLDINGS OF AUSTRALASIA PTY LTD
    Total income: $1,002,030,000
    BOYNE SMELTERS LTD
    Total income: $978,872,000
    MACMAHON HOLDINGS LIMITED
    Total income: $946,144,000
    AMERICAN EXPRESS AUSTRALIA LIMITED
    Total income: $943,500,000
    HILL 51 PTY LTD
    Total income: $918,606,000
    SCHLUMBERGER AUSTRALIA PTY LTD
    Total income: $915,239,000
    STAPLES AUSTRALIA HOLDINGS PTY LIMITED
    Total income: $913,517,000
    HONDA AUSTRALIA PTY LTD
    Total income: $909,436,000
    TNT AUSTRALIA PTY LIMITED
    Total income: $907,630,000
    COSTCO WHOLESALE AUSTRALIA PTY LTD
    Total income: $889,843,000
    BRICKWORKS LIMITED
    Total income: $864,047,000
    GEMICO HOLDINGS PTY LTD
    Total income: $848,967,000
    NH FOODS AUSTRALIA PTY LTD
    Total income: $845,824,000
    PEPKOR SOUTH EAST ASIA PTY LIMITED
    Total income: $838,227,000
    C S AUSTRALIA PTY LTD
    Total income: $832,630,000
    NYRSTAR SALES & MARKETING AG
    Total income: $820,511,000
    ORORA LIMITED
    Total income: $819,135,000
    JACOBS AUSTRALIA PTY LIMITED
    Total income: $815,066,000
    JP MORGAN CHASE BANK NATIONAL ASSOCIATION
    Total income: $812,275,000
    ALINTA HOLDINGS
    Total income: $809,752,000
    MUNCHENER RUCKVERSICHERUNGS GESELLSCHAFT
    Total income: $806,019,000
    LAWRENCE & HANSON GROUP PTY LTD
    Total income: $803,304,000
    CHINATEX (AUSTRALIA) WOOL COMPANY PTY LTD
    Total income: $795,130,000
    JP MORGAN AUSTRALIA GROUP PTY LIMITED
    Total income: $785,993,000
    SONSUB INTERNATIONAL PTY LTD
    Total income: $782,556,000
    AUSTRALIAN RAIL TRACK CORPORATION LTD
    Total income: $782,040,000
    PMP LIMITED
    Total income: $775,673,000
    LLOYDS BANK PLC SYDNEY BRANCH
    Total income: $771,712,000
    WARNER BROS. ENTERTAINMENT AUSTRALIA PTY LIMITED
    Total income: $763,619,000
    PAPER AUSTRALIA PTY LTD
    Total income: $752,517,000
    AUSDRILL LTD
    Total income: $751,168,000
    MCALEESE LIMITED
    Total income: $736,946,000
    WARKWORTH COAL SALES LTD
    Total income: $735,103,000
    QENOS HOLDINGS PTY LTD
    Total income: $717,751,000
    OZ MINERALS LIMITED
    Total income: $708,983,000
    BIS INDUSTRIES GROUP LIMITED
    Total income: $703,265,000
    CALIBRE GROUP LIMITED
    Total income: $698,686,000
    OWENS-ILLINOIS (AUSTRALIA) PTY LTD
    Total income: $696,814,000
    CRISTAL INORGANIC CHEMICALS AUSTRALIA PTY LTD
    Total income: $687,597,000
    THE ROYAL BANK OF SCOTLAND NV (AUSTRALIA BRANCH)
    Total income: $686,202,000
    ASALEO CARE LIMITED
    Total income: $682,316,000
    BABCOCK & BROWN INTERNATIONAL PTY LTD
    Total income: $680,878,000
    AUSTRALAND HOLDINGS LTD
    Total income: $679,500,000
    RIO DOCE AUSTRALIA PTY LTD
    Total income: $669,037,000
    JOY GLOBAL AUSTRALIA HOLDING COMPANY PTY LTD
    Total income: $667,719,000
    TEN NETWORK HOLDINGS LIMITED
    Total income: $660,526,000
    SYDNEY AIRPORT LIMITED
    Total income: $660,306,000
    SEKISUI HOUSE AUSTRALIA HOLDINGS PTY LIMITED
    Total income: $647,262,000
    EVOLUTION MINING LIMITED
    Total income: $635,088,000
    GOLDMAN SACHS HOLDINGS ANZ PTY LIMITED
    Total income: $632,576,000
    NORSKE SKOG INDUSTRIES AUSTRALIA LTD
    Total income: $627,662,000
    SOJITZ AUSTRALIA LIMITED
    Total income: $620,952,000
    ROYAL AUTOMOBILE CLUB OF VICTORIA (RACV) LIMITED
    Total income: $620,190,000
    LEASEPLAN AUSTRALIA LIMITED
    Total income: $614,319,000
    ROBERT BOSCH (AUSTRALIA) PTY LTD
    Total income: $607,119,000
    BILLABONG INTERNATIONAL LIMITED
    Total income: $606,308,000
    BARCLAYS BANK PLC
    Total income: $603,597,000
    GREENSTONE PTY LTD
    Total income: $596,536,000
    DAVIS LANGDON PROPERTY SERVICES PTY LTD
    Total income: $581,609,000
    CNOOC GAS AND POWER AUS INVESTMENT PTY
    Total income: $575,941,000
    NATIONAL ROADS AND MOTORISTS ASSOCIATI ON LIMITED
    Total income: $572,310,000
    RANDSTAD HOLDINGS PTY LIMITED
    Total income: $567,583,000
    BASF AUSTRALIA LTD
    Total income: $565,349,000
    ALCATEL-LUCENT AUSTRALIA LIMITED
    Total income: $555,569,000
    ENVESTRA LIMITED
    Total income: $554,700,000
    THE ROYAL BANK OF SCOTLAND PLC
    Total income: $539,712,000
    BRIDGESTONE AUSTRALIA LTD
    Total income: $536,729,000
    MURRAY & ROBERTS PTY LTD
    Total income: $536,113,000
    SANDFIRE RESOURCES NL
    Total income: $534,344,000
    NAMOI COTTON COOPERATIVE LIMITED
    Total income: $534,315,000
    CENTAMIN EGYPT LTD
    Total income: $533,190,000
    ADECCO HOLDINGS PTY LTD
    Total income: $529,973,000
    GOLDING GROUP PTY LIMITED
    Total income: $525,593,000
    CONSOLIDATED AUSTRALIA GROUP PTY LTD
    Total income: $525,150,000
    CITIC PACIFIC MINING MANAGEMENT PTY LT D
    Total income: $525,129,000
    PERNOD RICARD PACIFIC HOLDING PTY LTD
    Total income: $517,324,000
    HANCOCK VICTORIAN PLANTATIONS HOLDINGS PTY LIMITED
    Total income: $514,814,000
    HEINZ WATTIE'S PTY LTD
    Total income: $513,705,000
    BALFOUR BEATTY AND PARSONS BRINCKERHOFF LIMITED PARTNERSHIP
    Total income: $512,991,000
    BM ALLIANCE COAL OPERATIONS PTY LTD
    Total income: $511,459,000
    FQM AUSTRALIA HOLDINGS PTY LTD
    Total income: $504,520,000
    LEMPRIERE (AUSTRALIA) PROPRIETARY LIMITED
    Total income: $503,307,000
    COZERO HOLDINGS LIMITED
    Total income: $502,897,000
    TIGER AIRWAYS AUSTRALIA PTY LTD
    Total income: $501,151,000
    NEXANS AUSTRALIA HOLDING PTY LTD
    Total income: $499,542,000
    CONSOLIDATED MINERALS HOLDINGS (AUSTRALIA) PTY LTD
    Total income: $496,776,000
    CNPR LIMITED
    Total income: $496,372,000
    BSA LTD
    Total income: $491,770,000
    MINMETALS AUSTRALIA PTY LTD
    Total income: $489,974,000
    SADDLEBACK INVESTMENTS PTY LTD
    Total income: $486,867,000
    AUSTRALIA PACIFIC LNG PTY LTD
    Total income: $481,443,000
    FLSMIDTH PTY LTD
    Total income: $481,032,000
    ANGLOGOLD INVESTMENTS AUSTRALIA PTY LTD
    Total income: $477,204,000
    DANAHER AUSTRALIA HOLDING PTY LTD
    Total income: $466,485,000
    METLIFE INSURANCE LIMITED
    Total income: $465,987,000
    AVEO GROUP LIMITED
    Total income: $465,218,000
    PANORAMIC RESOURCES LIMITED
    Total income: $462,709,000
    GETS-WANDOAN (AUSTRALIA) PTY LTD
    Total income: $458,786,000
    CREDIT SUISSE HOLDINGS (AUSTRALIA) LIMITED
    Total income: $458,566,000
    MILLER POHANG COAL COMPANY PTY LTD
    Total income: $458,089,000
    SUBSEA 7 AUSTRALIA CONTRACTING PTY LTD
    Total income: $457,971,000
    COMMERCIAL METALS PTY LTD
    Total income: $456,802,000
    GAVILON GRAIN AUSTRALIA PTY LTD
    Total income: $453,591,000
    IMPACT FERTILISERS PTY LTD
    Total income: $447,515,000
    GE OIL & GAS AUSTRALIA PTY LTD
    Total income: $445,946,000
    DBNGP (WA) TRANSMISSION PTY LTD
    Total income: $445,697,000
    AUSTRALIAN AGRICULTURAL COMPANY LTD
    Total income: $444,887,000
    MACKAY SUGAR LTD
    Total income: $443,376,000
    TOYOTA TSUSHO INVESTMENT (AUSTRALIA) PTY LTD
    Total income: $431,822,000
    STEINHOFF ASIA PACIFIC HOLDINGS PTY LTD
    Total income: $431,773,000
    NORCO
    Total income: $430,814,000
    NUPLEX OPERATIONS (AUST) PTY LTD
    Total income: $430,034,000
    INTERPAYMENT AUSTRALIA PTY LIMITED
    Total income: $427,773,000
    HALLIBURTON CONSOLIDATED PTY LTD
    Total income: $427,027,000
    RACQ OPERATIONS PTY LTD
    Total income: $425,355,000
    GE CAPITAL AUSTRALIA HOLDINGS I LLC
    Total income: $425,104,000
    INVESTA PROPERTY GROUP HOLDINGS PTY LIMITED
    Total income: $422,048,000
    CEVA PTY LTD
    Total income: $419,435,000
    MCC MINING (WESTERN AUSTRALIA) PTY LTD
    Total income: $418,538,000
    KERRY INGREDIENTS AUSTRALIA PTY LTD
    Total income: $415,785,000
    HOSPIRA HOLDINGS (S.A.) PTY LTD
    Total income: $414,325,000
    SIBELCO ASIA PACIFIC PTY LIMITED
    Total income: $412,549,000
    ST BARBARA LIMITED
    Total income: $410,686,000
    INDEPENDENCE GROUP NL
    Total income: $407,414,000
    BOART LONGYEAR LTD
    Total income: $402,096,000
    SALMAT LIMITED
    Total income: $400,442,000
    ALSTOM AUSTRALIA LIMITED
    Total income: $399,987,000
    VESTAS AUSTRALIAN WIND TECHNOLOGY PTY LIMITED
    Total income: $399,573,000
    SMEC HOLDINGS LTD
    Total income: $397,878,000
    SERVICE STREAM LIMITED
    Total income: $389,574,000
    QATAR AIRWAYS (Q.C.S.C)
    Total income: $389,282,000
    DRILLSEARCH ENERGY LIMITED
    Total income: $388,789,000
    TTC CONSOL PTY LIMITED
    Total income: $388,706,000
    BUNGE AGRIBUSINESS AUSTRALIA PTY LTD
    Total income: $387,850,000
    LINK ADMINISTRATION HOLDINGS PTY LIMITED
    Total income: $386,109,000
    ENERGY RESOURCES OF AUSTRALIA LTD
    Total income: $385,426,000
    SUZUKI AUSTRALIA PTY LIMITED
    Total income: $382,734,000
    MC RESOURCES AUSTRALIA PTY LTD
    Total income: $378,855,000
    BOSKALIS AUSTRALIA PTY LIMITED
    Total income: $375,953,000
    INVESTEC HOLDINGS AUSTRALIA LIMITED
    Total income: $375,137,000
    SVITZER AUSTRALASIA HOLDINGS PTY LTD
    Total income: $372,236,000
    YOUI HOLDINGS PTY LTD
    Total income: $371,482,000
    COFFEY INTERNATIONAL LTD
    Total income: $368,518,000
    HAMSDALE AUSTRALIA PTY LTD
    Total income: $367,245,000
    NEC AUSTRALIA PTY LTD
    Total income: $367,117,000
    MYLAN AUSTRALIA HOLDING PTY LTD
    Total income: $361,913,000
    IVECO TRUCKS AUSTRALIA LIMITED
    Total income: $356,297,000
    FMC TECHNOLOGIES AUSTRALIA LTD
    Total income: $352,732,000
    CHINA MERCHANTS LOSCAM HOLDINGS AUSTRALIA PTY LTD
    Total income: $350,217,000
    MIDDLEMOUNT COAL PTY LTD
    Total income: $345,395,000
    TRONOX AUSTRALIA PIGMENTS HOLDINGS PTY LIMITED
    Total income: $345,149,000
    ETIHAD AIRWAYS PJSC
    Total income: $338,956,000
    KUFPEC AUSTRALIA PTY LTD
    Total income: $332,847,000
    SEALED AIR AUSTRALIA (HOLDINGS) PTY LT
    Total income: $332,592,000
    JAMES HARDIE RESEARCH HOLDINGS PTY LIMITED
    Total income: $331,646,000
    ANSELL LIMITED
    Total income: $330,357,000
    LYONDELLBASELL AUSTRALIA (HOLDINGS) PTY LTD
    Total income: $330,119,000
    FREQUENCY INFRASTRUCTURE AUSTRALIA HOLDINGS PTY LIMITED
    Total income: $328,528,000
    OFFICEMAX INTERNATIONAL PTY LTD
    Total income: $327,936,000
    BUREAU VERITAS AUSTRALIA PTY LTD
    Total income: $325,194,000
    FUGRO HOLDINGS (AUSTRALIA) PTY LTD
    Total income: $325,027,000
    ASSOCIATED MOTOR HOLDINGS AUSTRALIA PTY LTD
    Total income: $322,202,000
    ENI AUSTRALIA BV
    Total income: $320,550,000
    HERTZ INVESTMENT (HOLDINGS) PTY LTD
    Total income: $319,121,000
    NOKIA SOLUTIONS AND NETWORKS AUSTRALIA PTY LTD
    Total income: $318,081,000
    FOX FILMED ENTERTAINMENT AUSTRALIA PTY LIMITED
    Total income: $317,616,000
    REMONDIS AUSTRALIA PTY LTD
    Total income: $316,961,000
    SILVER LAKE RESOURCES LIMITED
    Total income: $316,949,000
    CAPRAL LTD
    Total income: $316,180,000
    ENERGY INFRASTRUCTURE INVESTMENTS PTY LTD
    Total income: $314,481,000
    KUWAIT PETROLEUM AVIATION (AUSTRALIA) PTY LIMITED
    Total income: $314,417,000
    TCNZ AUSTRALIA INVESTMENTS PTY LIMITED
    Total income: $314,206,000
    SEYMOUR WHYTE LIMITED
    Total income: $313,680,000
    TOYOTA MATERIAL HANDLING AUSTRALIA PTY LIMITED
    Total income: $313,126,000
    GOODMAN LIMITED
    Total income: $310,630,000
    APN NEWS & MEDIA LIMITED
    Total income: $310,371,000
    ACER COMPUTER AUSTRALIA PTY LIMITED
    Total income: $309,078,000
    BANK OF AMERICA NATIONAL ASSOCIATION
    Total income: $308,311,000
    GRANGE RESOURCES LIMITED
    Total income: $307,967,000
    AMEC AUSTRALIA HOLDING COMPANY PTY LTD
    Total income: $300,624,000
    PERTH ENERGY PTY LTD
    Total income: $300,342,000
    ADCORP HOLDINGS AUSTRALIA PTY LIMITED
    Total income: $296,386,000
    GERALDTON FISHERMEN'S CO-OPERATIVE LTD
    Total income: $291,446,000
    PREMIER COAL HOLDINGS PTY LTD
    Total income: $290,533,000
    FRIENDLY SOCIETY MEDICAL ASSOCIATION LIMITED
    Total income: $287,001,000
    LLOYD HELICOPTER SERVICES PTY LTD
    Total income: $277,739,000
    BNP PACIFIC (AUSTRALIA) LTD
    Total income: $275,291,000
    BOOM LOGISTICS LIMITED
    Total income: $273,320,000
    KARARA MINING LIMITED
    Total income: $271,866,000
    ENERFLEX ENERGY SYSTEMS (AUSTRALIA) PTY LTD
    Total income: $269,281,000
    URS ASIA PACIFIC PTY LTD
    Total income: $269,113,000
    VEDA GROUP LIMITED
    Total income: $268,945,000
    ADANI ABBOT POINT TERMINAL HOLDINGS PTY LTD
    Total income: $268,376,000
    NOBLE RESOURCES AUSTRALIA PTY LTD
    Total income: $266,263,000
    AVJENNINGS LIMITED
    Total income: $265,600,000
    HOLDCO 1 PTY LTD
    Total income: $264,835,000
    MTU DETROIT DIESEL AUSTRALIA PTY LTD
    Total income: $264,132,000
    VILLA WORLD LIMITED
    Total income: $263,134,000
    NORTON GOLD FIELDS LIMITED
    Total income: $261,911,000
    FRESHMAX GROUP PTY LIMITED
    Total income: $260,873,000
    TOKYO GAS AUSTRALIA PTY LTD
    Total income: $258,912,000
    DAIRY FARMERS MILK CO-OPERATIVE LIMITED
    Total income: $258,784,000
    DELAWARE NORTH COMPANIES AUSTRALIA PTY LTD
    Total income: $258,033,000
    AGC AUSTRALIA PTY LTD
    Total income: $256,832,000
    WASHINGTON H. SOUL PATTINSON AND COMPANY LIMITED
    Total income: $256,074,000
    PAPERLINX LIMITED
    Total income: $255,464,000
    PEAK ADVENTURE TRAVEL GROUP LIMITED
    Total income: $253,727,000
    SCHINDLER LIFTS AUSTRALIA PTY LTD
    Total income: $252,193,000
    DOW CHEMICAL (AUSTRALIA) LIMITED
    Total income: $250,558,000
    THE INDEPENDENT LIQUOR GROUP DISTRIBUTION CO-OP LTD
    Total income: $249,038,000
    CREDIT SUISSE AG
    Total income: $248,651,000
    CITRIX SYSTEMS ASIA PACIFIC PTY LTD
    Total income: $247,512,000
    GATE GOURMET (HOLDINGS) PTY LIMITED
    Total income: $246,793,000
    BA AUSTRALIA LIMITED
    Total income: $246,518,000
    TOLEDO HOLDING (AUSCO) PTY LIMITED
    Total income: $245,702,000
    TOYS 'R' US (AUSTRALIA) PTY LTD
    Total income: $245,534,000
    METALS X LIMITED
    Total income: $244,086,000
    AUSCAN HOLDINGS PTY LTD
    Total income: $243,918,000
    CBH RESOURCES LIMITED
    Total income: $243,074,000
    MRC GLOBAL AUSTRALIA PTY LTD
    Total income: $242,384,000
    AJ LUCAS GROUP LIMITED
    Total income: $241,904,000
    GOLDER ASSOCIATES PTY LTD
    Total income: $241,846,000
    GEODIS WILSON AUSTRALIA HOLDINGS PTY L TD
    Total income: $241,620,000
    CALLIDEN GROUP LIMITED
    Total income: $240,292,000
    DBNGP FINANCE CO PTY LTD
    Total income: $240,249,000
    HUNTSMAN CORPORATION AUSTRALIA PTY LTD
    Total income: $239,408,000
    FIRST DATA RESOURCES INVESTMENTS PTY LTD
    Total income: $237,608,000
    INSPIRATIONS PAINT STORE (HOLDINGS) LT
    Total income: $237,007,000
    MP AUSTRALIA HOLDINGS PTY LTD
    Total income: $236,625,000
    CAPGEMINI AUSTRALIA PTY LIMITED
    Total income: $234,227,000
    SYNGENTA AUSTRALIA PTY LIMITED
    Total income: $232,279,000
    STRAITS RESOURCES LIMITED
    Total income: $230,700,000
    RUGBY AUSTRALIA INVESTMENTS PTY LTD
    Total income: $229,973,000
    MYOB GROUP PTY LIMITED
    Total income: $229,243,000
    MORRIS CORPORATION GROUP PTY LTD
    Total income: $227,348,000
    NORTHGATE AUSTRALIAN VENTURES CORPORATION PTY LTD
    Total income: $226,299,000
    OZSALE PTY LTD
    Total income: $223,204,000
    RESOLUTE MINING LIMITED
    Total income: $220,951,000
    SENEX ENERGY LTD
    Total income: $220,370,000
    FOXTEL MANAGEMENT PTY LIMITED
    Total income: $219,494,000
    CHINA RAILWAY MATERIALS (AUSTRALIA) PT Y LTD
    Total income: $218,431,000
    AUSTRALIAN VINTAGE LTD
    Total income: $217,287,000
    J-POWER AUSTRALIA PTY. LTD.
    Total income: $215,011,000
    SPARK INFRASTRUCTURE HOLDINGS NO 2 PTY LIMITED
    Total income: $213,609,000
    SARACEN MINERAL HOLDINGS LIMITED
    Total income: $212,550,000
    RCR INFRASTRUCTURE GROUP(XNFK) PTY LTD
    Total income: $212,267,000
    MINERVA FINANCIAL GROUP PTY LTD
    Total income: $211,966,000
    ALLIANCE AVIATION SERVICES LIMITED
    Total income: $211,471,000
    ABP FINANCE PTY LIMITED
    Total income: $210,272,000
    ALUMINA & BAUXITE COMPANY LTD
    Total income: $209,319,000
    PENRITH RUGBY LEAGUE CLUB LIMITED
    Total income: $208,400,000
    ASSOCIATED RETAILERS LIMITED
    Total income: $207,705,000
    NYRSTAR HOBART PTY LTD
    Total income: $206,266,000
    KOGAS AUSTRALIA PTY LTD
    Total income: $204,743,000
    ETSA UTILITIES FINANCE PTY LTD
    Total income: $204,467,000
    STATE STREET AUSTRALIA LIMITED
    Total income: $204,069,000
    CHINOVA RESOURCES PTY LTD
    Total income: $202,013,000
    AWE LIMITED
    Total income: $200,761,000
    DIPLOMA GROUP LTD
    Total income: $200,327,000
    AUSTRALASIAN PERFORMING RIGHT ASSOCIATION LIMITED
    Total income: $199,093,000
    VEOLIA WATER AUSTRALIA PTY LTD
    Total income: $198,968,000
    UTILITIES MANAGEMENT PTY LTD
    Total income: $198,949,000
    KORDIA PTY LIMITED
    Total income: $198,155,000
    OMEGACORP PTY LTD
    Total income: $197,886,000
    REDCAPE PROPERTY FUND PTY LIMITED
    Total income: $197,606,000
    MACQUARIE TELECOM GROUP LIMITED
    Total income: $196,998,000
    SELECT HARVESTS LTD
    Total income: $196,837,000
    BLUEWATERS POWER 2 PTY LTD
    Total income: $196,797,000
    WBHO CIVIL PTY LTD
    Total income: $196,354,000
    HOCHTIEF AUSTRALIA HOLDINGS LIMITED
    Total income: $195,322,000
    AUSTRALIAN SCHOLARSHIPS GROUP FRIENDLY SOCIETY LIMITED
    Total income: $194,490,000
    AUSTRALIAN COMFORT GROUP HOLDINGS PTY LIMITED
    Total income: $194,328,000
    BLUEWATERS POWER 1 PTY LTD
    Total income: $194,288,000
    VLI PTY LTD
    Total income: $193,520,000
    MULPHA AUSTRALIA LIMITED
    Total income: $193,119,000
    AUSENCO LIMITED
    Total income: $190,343,000
    RESOURCE PACIFIC HOLDINGS PTY LIMITED
    Total income: $189,756,000
    EMECO HOLDINGS LIMITED
    Total income: $189,043,000
    NEWS PAY TV FINANCING PTY LIMITED
    Total income: $188,471,000
    PERILYA LIMITED
    Total income: $188,053,000
    FRESENIUS KABI AUSTRALIA PTY LIMITED
    Total income: $186,254,000
    INGERSOLL-RAND (AUSTRALIA) LIMITED
    Total income: $185,494,000
    FUNTASTIC LIMITED
    Total income: $185,178,000
    COVENTRY GROUP LTD
    Total income: $185,122,000
    HILTON INTERNATIONAL AUSTRALIA PTY LTD
    Total income: $184,064,000
    WENGFU AUSTRALIA PTY LTD
    Total income: $183,585,000
    BRISTOW HELICOPTERS AUSTRALIA PTY LTD
    Total income: $182,878,000
    FREYSSINET AUSTRALIA PTY LTD
    Total income: $181,835,000
    SUEZ ENVIRONNEMENT AUSTRALIA HOLDING PTY LTD
    Total income: $181,053,000
    WHITING HOLDINGS AUSTRALIA PTY LIMITED
    Total income: $180,535,000
    THE INDEPENDENT LIQUOR GROUP (SUPPLIERS) CO-OPERATIVE LTD
    Total income: $180,457,000
    VERIZON AUSTRALIA PTY LIMITED
    Total income: $179,925,000
    TRANSATLANTIC REINSURANCE COMPANY
    Total income: $177,381,000
    HUDSON HIGHLAND (APAC) PTY LIMITED
    Total income: $176,757,000
    OZGEN HOLDINGS AUSTRALIA PTY LTD
    Total income: $175,925,000
    SAXON ENERGY SERVICES AUSTRALIA PTY LTD
    Total income: $174,864,000
    CENTREPOINT ALLIANCE LIMITED
    Total income: $174,840,000
    PEET LIMITED
    Total income: $174,673,000
    FUJIFILM HOLDINGS AUSTRALASIA PTY LIMITED
    Total income: $174,646,000
    EMPLOYERS MUTUAL LIMITED
    Total income: $172,122,000
    ACTAVIS PHARMA PTY LIMITED
    Total income: $172,032,000
    AUSTRALIAN POWER AND GAS LTD
    Total income: $171,943,000
    KOCH FERTILISER AUSTRALIA PTY LTD
    Total income: $171,579,000
    PTTEP AUSTRALIA PERTH PTY LTD
    Total income: $171,046,000
    HARVEY INDUSTRIES GROUP PTY LTD
    Total income: $170,897,000
    BELRON AUSTRALIA PTY LIMITED
    Total income: $170,573,000
    RYOWA DEVELOPMENT II PTY LTD
    Total income: $170,449,000
    MATRIX & COMPOSITES ENGINEERING LTD
    Total income: $169,788,000
    CROCODILE GOLD AUSTRALIA PTY LTD
    Total income: $167,553,000
    FRASERS QUEENS PTY LTD
    Total income: $167,313,000
    DAMCO AUSTRALIA PTY LTD
    Total income: $166,800,000
    HYDRO ALUMINIUM AUSTRALIA PTY LTD
    Total income: $166,726,000
    JEMINEX LIMITED
    Total income: $165,249,000
    FREMANTLEMEDIA AUSTRALIA HOLDINGS PTY LIMITED
    Total income: $164,640,000
    FOXTEQ AUSTRALIA PTY LIMITED
    Total income: $164,455,000
    AMERICAN EXPRESS INTERNATIONAL INC AUSTRALIA BRANCH
    Total income: $164,159,000
    CLARIUS GROUP LIMITED
    Total income: $163,784,000
    PZ CUSSONS (HOLDINGS) PTY LTD
    Total income: $163,170,000
    MAKHTESHIM-AGAN AUSTRALASIA PTY LIMITE D
    Total income: $162,381,000
    CST MINERALS AUSTRALIA PTY LTD
    Total income: $161,649,000
    ASG GROUP LIMITED
    Total income: $160,073,000
    GLENTEL AMT PTY LTD
    Total income: $159,931,000
    LANDMARK GLOBAL EXPORTS PTY LTD
    Total income: $159,475,000
    BEST BAR PTY LTD
    Total income: $158,754,000
    DOW AGROSCIENCES AUSTRALIA LIMITED
    Total income: $157,448,000
    CPA AUSTRALIA
    Total income: $157,242,000
    AROWANA INTERNATIONAL LIMITED
    Total income: $157,169,000
    AUSTRALIA MILLING GROUP PTY LTD
    Total income: $156,218,000
    WILLIAM HILL AUSTRALIA HOLDINGS PTY LIMITED
    Total income: $155,625,000
    EUROPCAR HOLDING PTY LTD
    Total income: $154,702,000
    KMG RESOURCES PTY LTD
    Total income: $153,577,000
    CARPET COURT AUSTRALIA LTD
    Total income: $153,343,000
    NOVA ENTERTAINMENT (AUSTRALIA) PTY LIM ITED
    Total income: $152,122,000
    WEATHERFORD AUSTRALIA PTY LTD
    Total income: $151,485,000
    FEDERATION LIMITED
    Total income: $151,327,000
    TERRITORY RESOURCES LIMITED
    Total income: $151,172,000
    NMHG AUSTRALIA HOLDING PTY LTD
    Total income: $151,153,000
    CATERPILLAR GLOBAL MINING PTY LTD
    Total income: $150,840,000
    ASHTON COAL MINES LIMITED
    Total income: $150,827,000
    INFIGEN ENERGY LIMITED
    Total income: $149,919,000
    INFRASHORE FINANCE PTY LIMITED
    Total income: $149,897,000
    PARKER HANNIFIN AUSTRALIA HOLDING PTY LIMITED
    Total income: $149,258,000
    AUSTRALIAN GOLD REAGENTS PTY LTD
    Total income: $149,092,000
    YKK ALUMINIUM (AUSTRALIA) PTY LTD
    Total income: $146,933,000
    MAMMOET AUSTRALIA PTY LTD
    Total income: $146,878,000
    ENERO GROUP LIMITED
    Total income: $146,623,000
    CUBIC TRANSPORTATION SYSTEMS AUSTRALIA PTY LIMITED
    Total income: $146,374,000
    LIPMAN GROUP HOLDINGS PTY LIMITED
    Total income: $146,212,000
    TULLY SUGAR LIMITED
    Total income: $145,120,000
    SAIPEM PORTUGAL COMERCIO MARITIMO SOCI EDADE UNIPESSOAL LDA
    Total income: $144,443,000
    ECOM COMMODITIES PTY LTD
    Total income: $144,039,000
    NEWEDGE AUSTRALIA PTY LIMITED
    Total income: $144,002,000
    COPPER MINES OF TASMANIA PTY LTD
    Total income: $143,012,000
    LEGRAND GROUP PTY LIMITED
    Total income: $142,550,000
    GPT MANAGEMENT HOLDINGS LIMITED
    Total income: $142,032,000
    CAMERON APME HOLDING PTY LTD
    Total income: $141,767,000
    DEVINE LIMITED
    Total income: $140,996,000
    NTT COM ICT SOLUTIONS (AUSTRALIA) PTY LTD
    Total income: $140,813,000
    HILLGROVE RESOURCES LTD
    Total income: $140,785,000
    COLORPAK LIMITED
    Total income: $140,685,000
    INTERNATIONAL COAL HOLDINGS PTY LTD
    Total income: $139,665,000
    INPEX TIMOR SEA LTD
    Total income: $139,156,000
    BNP PARIBAS SECURITIES SERVICES AUSTRALIAN BRANCH
    Total income: $138,836,000
    HARINA COMPANY LIMITED
    Total income: $136,964,000
    SILICON METAL COMPANY OF AUSTRALIA PTY LTD
    Total income: $136,942,000
    SIME DARBY AUTOMOBILES PTY LIMITED
    Total income: $136,208,000
    JAPAN ALUMINA ASSOCIATES (AUSTRALIA) PTY LTD
    Total income: $135,708,000
    CAPE AUSTRALIA HOLDINGS PTY LTD
    Total income: $135,141,000
    WESTERN AUSTRALIAN MEAT MARKETING CO-OP LTD
    Total income: $135,126,000
    KELLY SERVICES (AUSTRALIA) LTD
    Total income: $135,016,000
    GUINNESS PEAT GROUP (AUSTRALIA) PTY LIMITED
    Total income: $134,789,000
    RAMELIUS RESOURCES LTD
    Total income: $134,403,000
    HCL INTERNATIONAL PTY LIMITED
    Total income: $134,293,000
    MCWILLIAM'S WINES GROUP LTD
    Total income: $133,080,000
    ENGENCO LIMITED
    Total income: $132,955,000
    BLACKROCK AUSTRALIA HOLDCO PTY LTD
    Total income: $132,818,000
    MODEC MANAGEMENT SERVICES PTE LTD
    Total income: $132,604,000
    DARLEY AUSTRALIA PTY LTD
    Total income: $131,554,000
    IMDEX LIMITED
    Total income: $131,325,000
    QUEENSLAND RACE PRODUCT CO LTD
    Total income: $131,080,000
    NIKON AUSTRALIA PTY LTD
    Total income: $131,035,000
    MOMENTIVE SPECIALTY CHEMICALS PTY LTD
    Total income: $130,987,000
    AMAYSIM AUSTRALIA PTY LTD
    Total income: $130,513,000
    AVON PRODUCTS PTY LIMITED
    Total income: $130,074,000
    TASMANIAN DAIRY PRODUCTS CO LTD
    Total income: $129,994,000
    QENERGY LIMITED
    Total income: $129,506,000
    NOKIA AUSTRALIA PTY LIMITED
    Total income: $128,731,000
    LYCOPODIUM LIMITED
    Total income: $128,355,000
    CODAN LIMITED
    Total income: $128,298,000
    ESCO AUSTRALIA HOLDINGS PTY LTD
    Total income: $127,910,000
    KNAUF GYPSUM (AUSTRALIA) PTY LTD
    Total income: $127,443,000
    HUSQVARNA AUSTRALIA PTY LIMITED
    Total income: $127,284,000
    CHASSIS BRAKES INTERNATIONAL (AUSTRALIA) PTY LTD
    Total income: $126,403,000
    WINDFIELD HOLDINGS PTY LTD
    Total income: $126,401,000
    CLICK ENERGY GROUP HOLDINGS PTY LTD
    Total income: $126,048,000
    CWF HOLDINGS PTY LTD
    Total income: $126,041,000
    IGT (AUSTRALIA) PTY LTD
    Total income: $125,789,000
    RATCH AUSTRALIA CORPORATION LIMITED
    Total income: $125,270,000
    ISELECT LIMITED
    Total income: $125,126,000
    XL INSURANCE COMPANY PLC
    Total income: $124,660,000
    TOSHIBA INTERNATIONAL CORPORATION PTY LTD
    Total income: $124,345,000
    WUGANG AUSTRALIAN RESOURCES INVESTMENT PTY LTD
    Total income: $123,139,000
    AGA ASSISTANCE AUSTRALIA PTY LTD
    Total income: $122,586,000
    LANCO RESOURCES AUSTRALIA PTY LTD
    Total income: $122,098,000
    TRUE VALUE SOLAR PTY LTD
    Total income: $121,794,000
    EDU HOLDINGS SPV PTY LIMITED
    Total income: $121,706,000
    BG INTERNATIONAL (AUS) PTY LIMITED
    Total income: $121,593,000
    AXIS SPECIALTY EUROPE SE
    Total income: $121,514,000
    ALLIED GOLD FINANCE PTY LTD
    Total income: $121,385,000
    EMIRATES AIRLINE
    Total income: $121,212,000
    JX NIPPON OIL & GAS EXPLORATION (AUSTRALIA) PTY LTD
    Total income: $120,979,000
    MOUNT PRITCHARD & DISTRICT COMMUNITY CLUB LTD
    Total income: $120,581,000
    HRL LIMITED
    Total income: $119,603,000
    SCHNEIDER ELECTRIC BUILDINGS AUSTRALIA PTY LTD
    Total income: $118,737,000
    ATLAS SPECIALTY METALS PTY LTD
    Total income: $118,238,000
    STIHL PTY LTD
    Total income: $117,199,000
    OCEANA GOLD LTD
    Total income: $116,862,000
    KAEFER INTEGRATED SERVICES PTY LTD
    Total income: $116,819,000
    CORNING AUSTRALIA HOLDINGS CO PTY LTD
    Total income: $116,554,000
    BANK OF SCOTLAND PLC SYDNEY BRANCH
    Total income: $116,548,000
    TRILITY GROUP PTY LTD
    Total income: $116,102,000
    OM (MANGANESE) LIMITED
    Total income: $116,100,000
    KANSAI ELECTRIC POWER AUSTRALIA PTY LTD
    Total income: $116,003,000
    BBC WORLDWIDE AUSTRALIA HOLDINGS PTY LTD
    Total income: $115,870,000
    ARDAGH AUSTRALASIA HOLDINGS PTY LTD
    Total income: $115,277,000
    UNIVERSITY CO-OPERATIVE BOOKSHOP LTD
    Total income: $115,034,000
    NONI B LIMITED
    Total income: $115,001,000
    F F HOLDINGS 2 PTY LTD
    Total income: $114,978,000
    PALADIN ENERGY LTD
    Total income: $114,259,000
    UACJ AUSTRALIA PTY LTD
    Total income: $113,404,000
    OTOC LTD
    Total income: $113,172,000
    FINISAR AUSTRALIA PTY LTD
    Total income: $112,799,000
    BECA PTY LTD
    Total income: $112,198,000
    TANDOU LTD
    Total income: $112,003,000
    SAVANNA ENERGY SERVICES PTY LTD
    Total income: $111,647,000
    DORAY MINERALS LIMITED
    Total income: $110,988,000
    MINCOR RESOURCES NL
    Total income: $110,362,000
    PENTAL LIMITED
    Total income: $110,113,000
    SUNSHINE STATE POWER BV
    Total income: $109,856,000
    SHANGRI-LA INVESTMENTS (AUSTRALIA) PTY LIMITED
    Total income: $109,796,000
    COURIERS PLEASE HOLDINGS PTY LIMITED
    Total income: $109,748,000
    THE BOSTON CONSULTING GROUP PTY LTD
    Total income: $109,700,000
    MCCORMICK FOODS AUSTRALIA PTY LTD
    Total income: $109,672,000
    DANA AUSTRALIA (HOLDINGS) PTY LTD
    Total income: $109,590,000
    IVERNIA AUSTRALIA PTY LTD
    Total income: $109,462,000
    ACCIONA ENERGY OCEANIA PTY LTD
    Total income: $109,303,000
    DP WORLD AUSTRALIA (POSN) PTY LTD
    Total income: $108,991,000
    AIRPORT MOTORWAY HOLDINGS PTY LTD
    Total income: $108,674,000
    READING ENTERTAINMENT AUSTRALIA PTY LTD
    Total income: $108,536,000
    CQMS GROUP HOLDINGS 1 PTY LTD
    Total income: $108,424,000
    HANCOCK QUEENSLAND PLANTATIONS PTY LTD
    Total income: $107,852,000
    DIAMANTINA HOLDING COMPANY PTY LTD
    Total income: $107,808,000
    HAFELE AUSTRALIA PTY LTD
    Total income: $107,803,000
    WORLD FUEL SERVICES (AUSTRALIA) PTY LTD
    Total income: $107,247,000
    ROHM AND HAAS AUSTRALIA PTY LTD
    Total income: $107,194,000
    BRIGHTPOINT AUSTRALIA PTY LIMITED
    Total income: $106,233,000
    INTERTEK AUSTRALIA HOLDINGS PTY LTD
    Total income: $104,674,000
    ANSVAR INSURANCE LIMITED
    Total income: $104,198,000
    LOGICAMMS LIMITED
    Total income: $103,725,000
    KEANE AUSTRALIA PTY LTD
    Total income: $103,253,000
    MILLENNIUM MINERALS LIMITED
    Total income: $103,190,000
    SPARK INFRASTRUCTURE HOLDINGS NO 1 PTY LIMITED
    Total income: $103,189,000
    CONSOLIDATED POWER PROJECTS AUSTRALIA
    Total income: $103,051,000
    KWIKFORM ACQUISITION HOLDINGS PTY LIMITED
    Total income: $103,050,000
    PREMOSO PTY LTD
    Total income: $102,987,000
    BEADELL RESOURCES LTD
    Total income: $102,705,000
    GENERAL CABLE AUSTRALIA PTY LTD
    Total income: $102,331,000
    FRONTLINE STORES AUSTRALIA LTD
    Total income: $102,322,000
    CGG MARINE (NORWAY) AS
    Total income: $102,260,000
    SAFCOL AUSTRALIA PTY LTD
    Total income: $101,978,000
    PGS AUSTRALIA PTY LTD
    Total income: $101,746,000
    NBN CO LIMITED
    Total income: $101,483,000
    GEOSEA AUSTRALIA PTY LTD
    Total income: $101,313,000
    INTEGRIA HEALTHCARE (AUSTRALIA) PTY LIMITED
    Total income: $101,160,000
    CIC AUSTRALIA LIMITED
    Total income: $101,067,000
    KLEWIT AUSTRALIA HOLDINGS PTY LTD
    Total income: $101,044,000
    MORT & CO LTD
    Total income: $100,945,000
    ALUMINA LIMITED
    Total income: $100,465,000
    FUJI XEROX ASIA PACIFIC PTE LIMITED
    Total income: $100,436,000


    I am sure you can find a least one of these companies to boycott, write a letter to explain why they don't pay tax. We are all guilty of making companies richer, support small business where you can, at least they have to pay tax.
    Old Man
    26th Aug 2016
    7:27pm
    Nice copy and paste with totally misleading information. Most of these companies showed a loss after deducting legitimate expenses used to gain the gross income. I suppose as you are fair dinkum with all of this we can assume that when you do your tax return you don't deduct any legitimate expenses used to gain your income and thereby reduce your tax liability.
    Old Geezer
    26th Aug 2016
    7:32pm
    Interesting that about half of those listed are trusts not companies and are not required to pay tax.

    Another big group actually do pay tax and pass on tax paid dividends to their shareholders.

    Another group have big losses on their books.

    Others are co-operatives and are not required to pay tax either.

    Some are prospecting companies who don't make any money but just burn shareholders funds.

    Just looking at the list I think given time I could tell you why they don't pay tax.

    What is the make up of that total income figure. EBITDA? EBIT?

    Bycotting them won't make them pay tax.
    MjP
    26th Aug 2016
    7:37pm
    It would be interesting to see how much these companies paid their shareholders, because I'd bet that most of them paid a dividend, which indicates that they actually made a profit.
    Old Geezer
    26th Aug 2016
    8:24pm
    A lot of these are not actually companies. A lot are trusts and they are not required to pay tax if they pay out all their profits to their unit holders.
    Anonymous
    26th Aug 2016
    8:51pm
    I think Musicveg has solved ScoMo's problem. Pity the privileged are too selfish and self-serving to accept the solution. Who cares whether they fakes deductions and made-up loans or created structures to escape tax. Who cares what is legal? Bottom line is there is a HUGE wealth of untaxed dollars there that COULD fix the budget. But selfish a-holes will contine to demand that the poor suffer while the rich party.
    musicveg
    26th Aug 2016
    9:14pm
    The point of this list is to show people there are many companies that have found a way to avoid paying tax, be it through deductions, saying they pay out all their profits or by renaming their companies into trust funds. We are getting ripped off and that is fact. It is happening all over the world. In some countries, some companies are stealing land, water, resources etc from the local people who have to move, lose their source of income and face starvation. The greed is unbelievable. Nestle for example was selling water from a source in California whilst in a drought and local people were having to source water with containers and trucks. When are people going to wake up to the fact that the greed has got out of hand and we need to stand up to the multi-national companies that are ruling the world, not governments, they are weak when it comes to looking after their own backyards. Time to clean up this mess and even out the wealth. How many holidays, boats, cars, houses, planes, investments, etc. does one person need? I still want to encourage everyone to support small business that you know are keeping a family or two going rather than making the rich richer.
    TREBOR
    26th Aug 2016
    10:53pm
    The simple fact that trusts can get away with paying no tax is one clear reason to tax them on income.

    If I come home after a week's work and give some to the kids, some to the missus and stock up the cat's super fundand fling the dog a nice bone, and spend the rest on operating costs of business base for family, car etc - I don't get to not pay tax.

    Doesn't matter who it is given to, and the fact is undeniable that if trusts were NOT a way to reduce tax liability - they would not be used at all, which is a clear reason for their being regulated properly and made to pay tax.
    David
    26th Aug 2016
    11:31pm
    Trebor, it is incorrect to say that "the fact is undeniable that if trusts were NOT a way to reduce tax liability - they would not be used at all."
    Many trusts are set up for reasons other than reducing tax liabilities. Trust law is very complex and there are many different types of trusts and many different reasons for setting them up.
    I know this because prior to retiring 2 years ago, I have dealt with many different trusts over my 33 years of my working life as a CPA Accountant.
    Adrianus
    27th Aug 2016
    8:44am
    MjP, your statement is misleading...."It would be interesting to see how much these companies paid their shareholders, because I'd bet that most of them paid a dividend, which indicates that they actually made a profit."
    It does not indicate that at all. BHP raised debt to pay shareholder dividends after making a loss. A listed company can get hammered for not paying a div.
    Old Geezer
    27th Aug 2016
    2:28pm
    I just can't believe that people are so uneducated about companies, trusts and tax.

    The trusts in this list were not set up to not pay tax. They were set up so they could be listed on the ASX.

    Also it does not matter if a company pays tax or not because the tax is ultimately paid by the shareholder who receives the dividend. If the company has paid tax the shareholder gets a deduction for this. Otherwise the profits would be taxed twice. How would you feel if you income was taxed twice?

    So all those retirees out there that get tax paid dividends and then don't make enough income to pay tax are the reason why these entities are not paying tax. Yes they get to keep the tax the entity paid.

    So if these entities have paid shareholders then the responsibility for the tax then lies with the shareholder.

    Remember just because they are incorporated does not mean they are companies and should pay company tax. The PTY LTD just indicates it is an entity that has a limited liability in that if it goes broke the shareholders themselves are not responsible for the debts. A lot of clubs today are doing the same. You would not want to join a club and then someone sues the club and you become responsible for the subsequent debt. Should you club pay tax on it's income? I don't think so.

    In fact Australia itself is an incorporated entity so that it can do business in other parts of the world. Some even say that this is not allowed under our constitution and all governments in Australia are thus illegal etc so cannot legally raise taxes and fines. But that is a debate for another day.
    TREBOR
    27th Aug 2016
    3:03pm
    Your post shows clearly why trusts need to b e properly regulated and/or abolished, David. If they are too complex then they need to not be at all, and if they incur no tax as a 'separate legal entity' they should not exist at all. The past is the past, and we must look to the future, or 'let the dead companies look after the dead companies - let the live companies look after the rest'.

    Dang - this list is hard to navigate when you want to reply.

    As for liability - when it is plain that a Pty Ltd is organised so as to have primary beneficiaries - as most are with the primary beneficiaries holding the majority of shares in perpetuity - then there should be a rule that says those primary beneficiaries have specified liability.

    That 'out' for Robber Baron business people is long over due for the scrap heap.
    Old Geezer
    27th Aug 2016
    3:17pm
    So we should get rid of shopping centres. That's what you are really saying as most shopping centres are owned by publicly listed trusts.
    David
    27th Aug 2016
    5:24pm
    Trebor, your comments show that you really don't know enough about trusts.
    If you understood the many different types of trusts and their purposes, you wouldn't be saying they should be abolished or that they need not be complex.
    BTW, a trust is NOT a 'separate legal entity'.
    Adrianus
    28th Aug 2016
    9:23am
    David, talking about separate legal entities, I believe a Superannuation Fund can be a trust and a separate legal entity? In this case you have trustees having regard for beneficiaries and management of property in accordance with the deed.
    I am pleased nobody is taking notice of Trebor's claim that "trusts need to b e properly regulated and/or abolished,"
    Trebor , they are legal contracts of law!
    Here's an exercise for you Trebor, try setting up a trust without property passing hands?
    David
    30th Aug 2016
    9:02am
    Hi Frank
    Thank you for your question.
    You are correct in saying that a superannuation fund is a type of a trust and that the trustees of that fund manage the property in accordance with the deed.
    You have a very good understanding of how trusts work.
    Examples of other types of trusts includes:
    # a testamentary trust (more commonly known as a will).
    # trusts set up to take care of a person who has a disability.
    # charitable trusts.
    Yes, thankfully no one else is taking notice of Trebor's comments that all trusts should be abolished and that they're only ever used for the purpose of minimising tax.
    Does Trebor have a will? I hope so? Would Trebor want that form of a trust abolished? I don't think so? LOL
    Does Trebor have funds invested in a superannuation fund? I hope so? Would Trebor want that form of a trust abolished? I don't think so? LOL
    A trust is a legal arrangement where a person or company (called the trustee) holds assets (trust property) in trust for the benefit of others (the beneficiaries). The trust deed that you referred to previously is a legal agreement between three parties: a trustor (or grantor), a beneficiary and a trustee to establish a trust. The deed sets out the rules and conditions on how the assets (property, money etc) held by the trust should be managed for someone else.
    As I mentioned previously, a trust cannot be sued or cannot sue (as they are not a separate legal entity. However, the holder of the trust property (the trustee, who can be either an individual or a company) can be sued, or can sue.
    Adrianus
    30th Aug 2016
    9:32am
    G'day David,
    Thanks for your very good explanation. I think Trebor is complaining about discretionary trusts as you would know. The ones where non-arms length trustees can also be beneficiaries who are related to other beneficiaries. The trusts where discretion on income distribution is exercised at the 11th hour. I personally don't see a problem with those trusts either.
    David I don't blame the Trebors for what essentially is a political argument. The blame rests squarely on the shoulders of leftist politics who present an argument which relies on intellectual laziness for its success.
    Thanks again for your posts. It is a refreshing change to read some factual information rather than the political propaganda.
    MjP
    26th Aug 2016
    6:59pm
    Totally agree with BElle, the government needs to start making the top end of town pay their fair share of tax and abolishing all the loop holes that these people currently use to reduce and avoid paying tax. Also the government needs to wind back middle class welfare, so that the truly needy are helped. Also remember that John Howard and Peter Costello reduced the amount of tax people who earn more than $100K while not reducing the amount that people who earn less than that pay.

    26th Aug 2016
    7:37pm
    great to see that lifechoices has launched another column so as to please labor and union stooge mick to sprout his vile anti government posts, as usual they, labor mick's comments, are maligned, incoherent, abusive, uninformed , full of vituperation comments yet never will he come up with a suggestion, apart to call for another election, agree it is hard to accept you are a loser and got done fair and square,, as how to fix the problems who are bringing Australia slowly but surely to the brink of extinction as we, who have lived here in Australia and are Australians for many more years than the likes of mick, have known and can remember those times as the good old times when we did not have to put up with bad losers, hot air believers or do-goders or one day wonders the like of labor mick who never had to live in the real world.
    MjP
    26th Aug 2016
    8:02pm
    In the 'good old times' you mention, the top end of town paid closer to their fair share of tax and didn't have all the deductions that exist today to help them avoid paying. Also multi nationals had less leeway to avoid paying tax by profit shifting that they do today.
    Anonymous
    26th Aug 2016
    8:08pm
    mjp, how would you know, has your mother taught you yet how to clean your nappies?
    Anonymous
    26th Aug 2016
    8:46pm
    Mjp is right. Taxes used to be far higher on high income earners and avoidance and minimization was not an art form as it is today. Funny how fools scream about having to cut taxes to create jobs and growth. We had almost full employment and great stability when I was a child, and I recall a rich man complaining that he paid 90c in the dollar tax. Not sure if that was an exaggeration, but I do know taxes on high income earners were very high compared to today and... guess what? It didn't kill off jobs and it didn't stifle growth. Actually, the economy was booming back then and there was great social cohesion and general contentment.
    TREBOR
    26th Aug 2016
    10:54pm
    heemie - stop playing the person and start playing the game. Herk, herk comments from sixteen year old minds are not wanted here.
    Anonymous
    27th Aug 2016
    12:34pm
    Good luck with that one, Trebor. Most of us learn how to insult and make personal attacks in kindergarten. It takes intelligence to debate the issue.
    Old Geezer
    27th Aug 2016
    2:31pm
    I agree Rainey so why all the insults?
    Anonymous
    27th Aug 2016
    4:45pm
    sorry to say rainy but that leaves you out
    ex PS
    29th Aug 2016
    12:35pm
    H99, you just proved TREBOR and Rainey's point for them. Good own goal.
    floss
    26th Aug 2016
    8:00pm
    Mr.Morrison is fast running out of excuses, the Big End of Town will not let him implement the tax reform we must have, hence the recession we have to have is now a certainty.
    Anonymous
    26th Aug 2016
    8:09pm
    typical, his name is not looney for nothing
    TREBOR
    26th Aug 2016
    10:55pm
    You're doing it again, heemie. It's becoming boring.
    ex PS
    29th Aug 2016
    12:43pm
    Good point looney, the ALP needs to apply some strategic tactics here and start passing LNP legislation. It will cause a great deal of harm to the voters but most of us deserve to pay the price of flock voting. Currently the LNP is using the time tested tactic of blaming other people for their inept governance, I say give them plenty of rope so that they can hang themselves. Pass all legislation that is linked to campaign lies but put everything else to the test.
    We can't afford to let them off the hook again by letting them whine about not being able to negotiate outcomes like any competent government should be able to do.
    Morrison is doing everything he can to engineer a recession so let him do it, and then see how well he is received by big business.
    Adrianus
    29th Aug 2016
    1:27pm
    looney, you don't think you're being a tad melodramatic?
    *Loloften*
    27th Aug 2016
    5:55am
    Many yrs ago I had a close friend, with a few rental properties negatively geared, tell me that he wasn't wealthy as still paid some tax.....adding & I quote "one's not truly wealthy 'til pay no tax @ all."
    Dukki
    27th Aug 2016
    7:50am
    If yiu bandy. Around the word Recession long enough it will stick.becsude people are like sheep they follow the person who speaks the loufpdest or the most, then it becomes a self fulfilling pyrprophesy. . As fir the taxes, how abt the government taxing the. Big businesses that ar Not paying their rightful share of taxesqqqqqqqqqqqq.qqq qqqqqqqqqqq
    Adrianus
    27th Aug 2016
    8:30am
    It is often said that a psychosis exists mainly because of denial of its existence. First of all one needs to arrive at the honest conclusion. This is why I am encouraged to see Bill Shorten admit that he lost the election. That is a start! Labor followers need to get over it. LNP won the election!
    Anonymous
    27th Aug 2016
    12:31pm
    Both ScoMo and TurnBULL suffer psychosis - denial of the very obvious fact that it's the greed and selfishness of the wealthy (like TurnBULL, how hoards wealth in off-shore tax havens) that is causing this problem. We can only go on just so long trying to bleed stones. Eventually the obvious truth that is known to all must be acknowledged. But the psychotic power-made just keep indulging their rich mates and crying that there's not enough battlers willing and able to subsidize ongoing handouts to the wealthy.
    john
    27th Aug 2016
    11:21am
    The point here is that who is and who is not paying tax. I get a pension from my former employer and I pay 200 dollars a fortnight in tax. I'm retired.
    Now if there are corporate tax dodgers , I wonder if Mr Morrison could cut my tax to a hundred a fortnight, I'd still be paying some tax and doing my bit.
    Not that I haven't been doing my bit and paid tax all my life!

    I guess Sctott Morrison has to have a spiel of some kind , but he has to persuade the senate really, and they may want him to hunt down the real tax avoidance types like corporation etc. Before he goes hunting more tax off people who haven't got the money.

    So I'm not real sure what Morrison is saying, but fair tax is right as long as all are paying what they can.
    There are many wealthy people and companies that spend their lives looking at ways to NOT PAY THEIR SHARE!

    27th Aug 2016
    12:58pm
    I agree, ScoMo. There is a whole generation of greedy fat-cat politicians, CEOs, company directors, heads of charities, and overpaid senior bureaucrats and executives who have grown up believing that tax minimization is an achievement to be applauded, and that tax is evil unless applied solely to the battling class. Oh wait, that's a believe YOU subscribe to! No wonder we have a whole generation of ''tax-nots'' driving the country into recession.

    Tell your rich buddies to shut up and pay up, and legislated to confiscate all those millions in off-shore tax havens (yes, including TurnBULL's stash). Slash politicians' and ex-politicians' salaries and benefits. Axe the ridiculously obscene upper-class welfare. There's plenty of tax revenue to be collected if you were less focused on helping your rich mates hoard obscene piles of gold at the expense of the struggling workers. But of course you owe your buddies for getting you elected, and you expect US to pay that debt for you.
    Old Geezer
    27th Aug 2016
    7:07pm
    Rainey what tax havens? We live in a world economy now not the isolated little one of yester year.

    If you we offered a salary of one of the you despise you wold take it without question so stop showing your jealousy. I couldn't care less how much they make because they still have to work for it. My time is my time not someone else's so I can do what I want to do not what I have to do.

    If they are not pay the legal amount of tax you would have an issue but they are or they would be in big trouble.
    TREBOR
    27th Aug 2016
    10:26pm
    The 'global economy' is already showing cracks and is doomed to fail, for the simple reason that in order to compete on a level, low-wage playing field, all companies must do the same, and those that have abandoned the West have also abandoned their own market base.

    No Asians are buying Holden cars.. and fewer Australians are buying them now...... no money...

    The 'global economy' ONLY benefits the middle men.... a short-term grab for profit, which will collapse as soon as a truly level playing field is achieved in wages.. and everyone but the rich is too poor to buy anything...

    Then World War III begins....
    TREBOR
    27th Aug 2016
    10:29pm
    'legal' amount of tax can be changed at the stroke of a pen.. same as the absurd definitions of 'trusts', David.

    There may be a place for specific trusts that operate for a clearly defined purpose in clearly defined ways... the fact remains that trusts for families etc would not exist if they did not generate tax benefits, and they are thus hiding taxable income.

    How do YOU define a 'separate legal entity'? When I worked for The Guv it was any discrete entity - in that case one which dealt with generating income......
    David
    28th Aug 2016
    9:27am
    Trebor, once again you are showing your ignorance about trusts by saying that family trusts "would not exist if they did not generate tax benefits."
    Some are, but not all of them.
    It's not up to me to DEFINE what a 'separate legal entity' is. Every qualified accountant and lawyer knows that trusts are NOT a 'separate legal entity'. If you want to know what a 'separate legal entity' is, all you need to do (if you don't believe me) is check any commentary on Google by a qualified Accountant or lawyer.
    You cannot sue a trust and a trust cannot sue you. As a CPA Accountant, I understand this basic trust principle.
    You may have worked for the Guv, but that doesn't mean you know what trusts and 'separate legal entities' are about.
    ANONYMOUS
    27th Aug 2016
    3:58pm
    STOP payi ng the Pollies .............. they don't need the money.

    STOP entitlements to retired pollies.

    Tax the Multi-Nationals.

    STOP THE BANKS AND POWER, WATER, ENERGY AND COUNCILS FROM RIPPING OFF THE PEOPLE WHO ARE TRYING TO LIVE AND ................

    CREATE SOME GOVERNMENT JOBS FOR THE UNEMPLOYED!!!!!!!!!!!!!!!!!!!!

    Give the Veterans, Centrelink, Old Aged Pensioners a decent income to live on!!!!
    Thumper88
    27th Aug 2016
    6:06pm
    I total agree BElle, and you can include our Prim minister in the tax avoidance by loophole jumping. It has been documented that if large stake Holders were stopped from tax havens there would be enough money to pay the deficit.
    fordyoot
    27th Aug 2016
    6:41pm
    What a hopeless bunch of loosers and nere-do-well's these LNP folks are. A pox on their houses. The problem he (Morrison) faces is the tax give away legacy of Howard combined with the tax avoidance rampant in business. Putting more people out of work with govt spending cuts does not raise more taxes.

    28th Aug 2016
    6:24am
    If we reduced some of the perks that the politicians get and reduced the top public servants pay rises we would not have to worry about reducing payments to pensioners.why should retired politicians stll be bleeding the budget,why should the likes of Joe hockey get living away allowance when he has his own accommodation
    musicveg
    28th Aug 2016
    1:42pm
    It's the King's and Queen's mentality, and the peasants have to slave away till they die.
    MD
    28th Aug 2016
    4:58pm
    Amuse me Fair Dinkum ( & yourself hopefully), have a look in 'Hot Topics' - under heading 'Fat Cats scratch my back'.
    MD
    28th Aug 2016
    5:00pm
    Sorry, please read in 'Forum' - 'Hot Topics' under heading -----.

    28th Aug 2016
    5:03pm
    Instead of whining about the poor not paying tax, perhaps Mr Morrison would like to focus on restoring the economy to health and creating jobs. While shopping today, I was told of two major nationwide franchises closing down. Tens of thousands of employees will be put out of work. Why? Because the stores can't compete with cheap imports and because their customers are seeing their spending power seriously eroded. One chain relies heavily on travelling retirees and with 560,000 having their income slashed, the loss of custom is devastating. Fools don't think about that when they attack incomes. Count all the income tax paid by those tens of thousands of employees who will lose their jobs, the lost GST revenue, the lost business profits, and then the further loss when those employees stop spending and more jobs are lost and more tax revenue is lost... and so they cycle goes on and on. And the idiots supporting slashing incomes are too dumb to see that the end result is likely to be that there will be NO saving, even in the short term, and in the longer term - with job losses and tax revenue reduction compounded by less saving because there is no benefit, we'll discover that the costs of pensions will skyrocket and tax revenue will fall further.

    Disturbing that the high paid politicians are too inept to understand money circulation - and that we need CONSUMPTION to stimulate jobs and growth, and you get CONSUMPTION by increasing incomes at the low end - NOT at the top or for rich companies.

    Pension increases, wage increases for lower paid workers, tax cut for the lower paid workers, more investment in services and infrastructure, higher taxes for the well off, and increases in interest rates would stimulate jobs and growth. Yes, in the short term it would cost the government more, but growth would take care of that extra cost.
    Anonymous
    28th Aug 2016
    6:49pm
    rainy when was the last time you paid more tax than the amount you have received from government handouts, how many years do you have to go back if ever to show us you was taxed more than what you received?
    pension increases, if you can't live well on at least $400.00 a week, I do and travel at least once every two years overseas, you should get some advice of a financial person.
    increased interest rates may stimulate an increase in jobs, however it be offset by lower building activity.
    higher taxes for the well off, the stats tell us that the top 5% of the rich pay more than 60% of our total income taxes, as for it to cost the government, us, the taxpayer, more, if there is no money in the till, we are now paying more than a billion, $1.000.000.000, interest, which we have to borrow and you still maintain we are all-right, well I am one who does not want my kids, grandchild or my great grandchild to have to pay back those weights around our necks because the likes of you refuse to make sacrifices for the good of our nation, your me, me culture or your expectancy for others to fix the problems we created.
    as for the idiots being to dumb to see, my advise to you, simple, stand in front of a mirror and you'll see a the biggest one.
    Old Geezer
    28th Aug 2016
    7:32pm
    I rounded up the tax I had to pay the ATO a few years back to the next dollar. They sent me a refund cheque for 50c. So I held onto the cheque until I had another one to go with it. ATO sent me a letter asking me if I had received the cheque and if so could I present by a certain date or they would send me another one.

    So you can't even give the ATO a tip.

    Most families earning up to about $60,000 per year actually get back more from the government than they pay in taxes.

    People who save are actually bad for the economy as that money they save is not circulating around the economy and creating jobs.

    Higher interest rates will cause the Aussie dollar to rise thereby making imports even cheaper and people will travel overseas instead of in Australia.
    Anonymous
    29th Aug 2016
    6:41pm
    Heemskerk, you nasty ASS - I have NEVER received government benefits and I have ALWAYS paid a far higher percentage of my income in tax than most, because I have NEVER had the benefit of money to invest to enjoy capital gains tax or negative gearing concessions, or ever superannuation concessions.

    You are the IDIOT. You clearly have no understanding of economics, and your grandkids WILL have to pay back a debt because when consumption stops, growth stops and tax revenue falls. Consumption requires LOWER income earners to have more and higher income earners to have less. Inequality is the cause of our economic problems. Experts have acknowledge that. The selfish just don't care!
    Anonymous
    29th Aug 2016
    6:41pm
    Heemskerk, you nasty ASS - I have NEVER received government benefits and I have ALWAYS paid a far higher percentage of my income in tax than most, because I have NEVER had the benefit of money to invest to enjoy capital gains tax or negative gearing concessions, or ever superannuation concessions.

    You are the IDIOT. You clearly have no understanding of economics, and your grandkids WILL have to pay back a debt because when consumption stops, growth stops and tax revenue falls. Consumption requires LOWER income earners to have more and higher income earners to have less. Inequality is the cause of our economic problems. Experts have acknowledge that. The selfish just don't care!
    Anonymous
    29th Aug 2016
    6:48pm
    rainy you still have not answered my question, when was the last time your tax was higher than the handouts you received,
    Anonymous
    31st Aug 2016
    11:25am
    Poor heemskerk! Sad that you can't READ. I said ''I have NEVER received government benefits and I have ALWAYS paid a far higher percentage of my income in tax than most, because I have NEVER had the benefit of money to invest to enjoy capital gains tax or negative gearing concessions, or ever superannuation concessions.''

    I REPEAT, I'VE NEVER HAD ANY HANDOUTS. Perhaps you should buy yourself a dictionary and study the meaning of the word 'NEVER'. Or maybe ''handouts'' or ''benefits''.
    Anonymous
    31st Aug 2016
    7:37pm
    ah rainy, pigs may fly, just read your posts over the last few months, you should be a millionaire
    ex PS
    29th Aug 2016
    8:31am
    This man is supposed to be financially competent! He making a stupid statement that some people pay no tax, not correct and if he truly believes this he should not be allowed any where near our money.
    Everybody who buys anything from the local shop is paying TAX, This man is incompetent.
    Anonymous
    29th Aug 2016
    6:45pm
    ex ps is it any wonder this country is going down the chute with public servants the likes of you, I clearly stated that families are receiving more in handouts than the tax they are paying, so for me being incompetent take a good look at yourself in the mirror, I know it will hurt to see a complete failure.
    ex PS
    30th Aug 2016
    11:15am
    h99, I find it interesting that you think I was talking about you, this is a new thread and nothing to do with previous content. I was referring to Morrison, but as I said, interesting that you saw the term incompetent and automatically assumed it was you that was being referred to. Good home goal. Time to get the mirror out.
    Gee Whiz
    29th Aug 2016
    8:42am
    Joe Hockey was an idiot. Morrison is a complete wanker. And they both come from la-la- land which is where most LNP politicians reside.

    Their lack of intelligence is truly frightening. They appear to be some type of financial zombie whose lust for taxpayer blood overrules everything else.

    They can't go after the rich and the tax dodgers because they're the people who own the LNP.

    Turnbull is part of this elite society and freely admits to avoid paying tax in Australia. He then sools his attack dog, Morrison onto the average taxpayer and pensioners with orders to bleed them dry so his rich friends and tax dodgers (LNP donors) continue their luxurious lifestyles.

    Even now with the NT election wiping out the LNP, Turnbull is so dumb he can't see the suicide express hurtling toward him. Can't get there soon enough I say.
    E?L
    29th Aug 2016
    1:28pm
    Pay tax themselves( Pollies) and reduce their wages for starters, stop giving all to the big wigs and think about the poor and needy AUSTRALIANS. Free trade agreements are costing this country. It's own people are left with second rate fruit and veg and meat all the first grade produce is sent overseas. Oh this country is so upside down and will become a third world before too long
    Adrianus
    29th Aug 2016
    6:19pm
    E?L, don't be so disheartened. Labor will think of something. They are the party of ideas.
    ex PS
    30th Aug 2016
    11:17am
    Glad to see you coming round Frank.
    Adrianus
    30th Aug 2016
    11:35am
    Yep, maybe Pink Batts version 2?
    ex PS
    30th Aug 2016
    6:16pm
    Good idea that scheme should be started again maybe the contractors will get it right this time and think of their staff instead of profit. But I just hope they don't kill someone because poor old Malcolm will have to take the fall.
    Rodent
    30th Aug 2016
    11:37am
    Something for SOME to consider about the Logic of Scott Morrison's views

    Go to Google -Enter Scott Morrison's Car Crash Logic by Greg Jericho of the Guardian, complete with Graphs/tables and embedded data
    Not Senile Yet!
    30th Aug 2016
    12:12pm
    For one he has it right.....but the Tax Nots are him and his buddies in Corporate Oz.....not the Poor Bugger who cannot get a job or those retired after paying taxation for a lifetime!
    Morrison and his fellow MP's simply do not NEED tax subsidies on their Super!
    Tax subsidies are for those who NEED IT....Not those who simply WANT IT!!!!!
    He needs to understand that he has to Negotiate....Compromise.....and get a plan in place!
    Grandstanding and dividing does not achieve that!
    It is he and his Party Caucus who will NOT Negotiate...Will NOT Compromise!
    Yet that is exactly what his Job is...It is eactly what is required of All OUR POliticians!
    Jannie
    30th Aug 2016
    1:45pm
    In Germany they have been advised to stockpile food, all residents to stock their cupboards with the essentials including water. WHAT DOES THIS TELL US??? WORLD CRISIS IN THE MAKING. If our water supply was poisoned and electricity grid hit by terrorists we would be held at ransom, these two possibilities were a threat during the second world war and in the catchment areas the public were told to turn off their lights at night in fear of a bombing attack. All they need to do today is put some virus into the water that could kill us all off. Scarey times ahead people.
    Jannie
    30th Aug 2016
    1:49pm
    If there is a recession looming hard times will hit us all, and what Germany is doing should be advised here. Hold tight people for bumpy times are ahead.
    Adrianus
    30th Aug 2016
    2:17pm
    Jannie, you don't think you're over reacting?
    The situation in Germany is based on a ground force of terrorists. We don't really know how many possible terrorists there are in OZ but most would have entered the country between 2008-2012. We have the military capacity to withstand an attack. The problem is that once the war starts it will last 100 years according to Peter Leahy. 2lts of water per person per day for 90 days is a start, but I suggest a longer term approach. There are people already signing up to anti-terror self defence classes.
    In the USA they build bunkers and survival pods for what they say are eminent Zombie attacks. Gee, when you think about it, best we get those subs built fast!
    ex PS
    30th Aug 2016
    6:19pm
    Yes we are lucky we know where our terrorists are and we know they are too lazy to mount an attack they are too busy trying to steal money and property from retirees.
    Anonymous
    30th Aug 2016
    6:32pm
    jannie you just put my mind at ease, I grow our own vegies, got chickens, a few lambs, cows and pigs, to top it of I got watertanks and solar, working at the moment on wind power, just in case the sun goes behind the clouds, a few fruit trees as my neighbours will testify they very seldom have to buy fruit, get woken up in the morning by our rooster, have not been able to train him yet in the 40 hours week by not crowing on the saturday and sunday morning, however christmas is getting closer and we love a nice chicken christmas meal!
    we make our own salami, smoke hams, sausages, to top it off we brew our own beer and make a smooth wine etc.
    you might ask what all this has to do with your posts in these columns, well it is the same as what your's have to do with the theme of the question asked, who should be taxed, mr. morrison
    jannie have you ever heard of making a stance as Australia did during the world war and on many other occasions, trouble now-a-days, too many whingers and doomsayers live in this great country and are unable to get out of their own shadow! just read most of those comments in these columns and see the jealousy towards the people who they think are better off than themselves, I started with nothing, never received a cent of anybody, I am not saying I am better off, I am saying I worked hard, saved for the future and am now reaping the rewards, reading your and other so-called contributors to these columns make me spew, make your bed and lay in it!
    Adrianus
    30th Aug 2016
    9:00pm
    ex PS are you talking about the $27m child care fraud to fund ISIS?
    ex PS
    31st Aug 2016
    9:54am
    Good god whether that entity is a He/she, I have to admit I have found a new respect for you, I did not know you wrote Donald Trumps material for him. But are you sure you are not breaching copyright by using the material you wrote for him regarding ISIS?
    MD
    1st Sep 2016
    9:03am
    I was so enjoying the preamble in your comment heemskerk99 till such time as your comment finally switched to negativity. Far be it for me to suggest how anyone should put their case, the site after all does have a moderator, however in your case what started out sweetly suddenly turned sour. If, as you claim, "these columns make me spew" would you mind if I suggest that - rather than directing it at anyone of us - you try swallowing instead, or lie in it.
    Mez
    31st Aug 2016
    11:53am
    We already ARE IN A RECESSION and it was predicted approx. 2 yrs ago by American economists/demographers as being worse than the last one which they also had predicted correctly!
    Pollies always play down the fact of already being in recession but when businesses are going bankrupt and closing down then that is a sure sign!
    Had a Groupon voucher for Sapore restaurant last Sat. night only to find it closed with a notice saying that they are under administration.
    Anonymous
    31st Aug 2016
    7:45pm
    poor me, missed out on a free feed
    Phillthy
    31st Aug 2016
    12:24pm
    Dr Helen Szoke nailed it. Get the big business tax dodgers, yes I realise they are largely a protected species, particularly by this government, but lets be realistic about this, they will get more from taxed-not big business than they will by going after the low income earners. Where do they come from these people that want to hit the workers, the backbone of Australia. Gimme a break Mr Morrison.
    Anonymous
    31st Aug 2016
    8:18pm
    whinge, whinge, when was the last time you paid tax apart from the gst, if you could get around that, you be the first in line to take an advantage, however great to see you never ever dodged or found a way around minimization your contribution (tax) towards this country, always easier to blame big business and play the poor me, me,
    ex PS
    1st Sep 2016
    1:00pm
    Hurray, h99 has finally realised that everyone pays GST, at least one good thing has come from this discussion.
    Now all he has to do is prove that he is a man and admit his previous mistake and apologize for his childish behavior of misreading comments and attacking people without cause.
    But I bet he won't and that will prove another point.
    Anonymous
    1st Sep 2016
    8:20pm
    typical comment of a public servant, would not know what work was, they arrived at work at 9 o'clock in the morning, open their bag, get the newspaper out, read it till 10 o'clock in the morning, were annoyed because they had to go for smoko, after all if you did not turn up at the cooler at that time or earlier, somebody be send to make sure you had not fallen asleep 12 to 1 was lunch, usual it was 11.30 to 1.30, nobody has to clock on or off, the canteen was like a restaurant, meals were subsidised by the taxpayer, how do I know, I had a contract to do their jobs I admit I made a lot of money out of it, however I never got home and was game enough to state how tired I was,it was a soda, instead I went to the gym. supplied by the government for their workers for an hour or so during the working hours so as not to show the ripoff the public service cost to the taxpayer. all I can state very few public servants, especially the pen pusher employed by the political parties would even know what it was to work hard or even work more than six hours,
    so ex ps how much taxpayers money did you retired on, how many years did you work for that pension, how much money of your own did you pay to receive that pension, in reality do you feel guilty of receiving a government pension for the work you did.
    ex PS
    2nd Sep 2016
    8:49am
    h99, you are wasting your time attacking me personally, you have proven to me and the other people on this site that you are somewhat less than a man by your behavior. Why on earth would I be affected by the criticism of a person for whom I have no respect. You provide little or no evidence that you know what you are talking about, you resort to personal vitriol when you can't argue your own point effectively and are quick to try and change the subject when you see you have been beaten by a superior argument. You can't even be original with your insults as they mostly seem to be built on misinformation, fantasy and schoolyard dross.
    In short, I will, like so many other contributors skip over all of your remarks as being inferior and not worth wasting my time on. Life is too short to waste time reading drivel.
    One last bit of information for you, I spent an equal amount of time in the private workforce and the public service so the premise of your whole vitriolic argument is fundamentally flawed, I guess it is time for you to change the subject again, which will be a waste of your time because I will not be reading it.
    Anonymous
    2nd Sep 2016
    7:41pm
    ex ps, your answer was enough to show how true my comments were, with your head in the sand, you would not have lasted more than a fortnight in the private industry, where you are expected to get results. public service persons never have to worry about that, they get their money, including the pension, regardless. it is time all public service jobs are tendered out, it will wipe out our deficit in less than 3 years.


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