Labor refuses to crack down on tax-paying bums who do nothing but get angry every day – The Betoota Advocate
WENDELL HUSSEY | Cadet | CONTACT
The Labor government today faced scathing criticism for its facilitation of unemployed cheaters who live off the taxpayers’ purse.
Known as the government that just gives away free money, Labor is once again being criticized for the way it allows people to break the welfare system.
However, the rortors in the spotlight this week are not the typical Centrelink beneficiaries who have spent all day surfing at the beach, drinking coffee, consuming schooners in the pub and throwing YOUR dollars into reverse ATMs. (pokies).
The rortors are the tax dodging multinationals who have been allowed to pay no tax for the umpteenth year in a row – despite billions and billions of dollars in revenue.
While many normal people would assume that companies like BP Regional Australia (which had $17 billion in revenue) would pay a little corporation tax, they had zero tax dollars to pay for 2020-21 thanks to fancy pants of well-paid accountants and lawyers.
This strange tendency to earn tens of billions of dollars each year without being technically profitable (because you organize your business structure to pay debts to a company you own in Singapore or pay IP license fees to a company you you own and resides in another tax haven), has become even more popular with a third of large corporations that don’t pay a dime in tax!
As the Treasury struggles to balance the books and pay for things like the NDIS, many have wondered if those giant corporations that can afford to sponsor huge TV ads and pay CEOs millions might be willing to pay their fair share of tax.
But, unfortunately, more revenue for things like schools and hospitals is not an option given that it is much harder to crack down on companies that pay accountants tens of millions to cook the books than a few retirees or recipients of youth allowances in the NSW region.
“Yeah, put that in the basket too hard,” laughed the Albanese Prime Minister today.
“I think everyone is pretty aware that these companies, especially the fossil fuel companies, don’t like to pay taxes.”
“Trying to change that is for braver men and women than us.”
“We need Tracy to come back and have some young journalists bust these companies out of the public purse.”