That is a fact:
Australia among 21 nations where perceived corruption has worsened
Transparency International says the ‘corrosive’ influence of money in politics is undermining Australian government integrity
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Talking Politics
- Thread starter Legends of 2017
- Start date
Yes please to Australia re-skilling itself, it needs to be our highest priority.
www.abc.net.au
Coronavirus is focusing attention on how fragile global supply chains can be, so how will Australia respond? - ABC News
The damage coronavirus has caused to supply chains has experts discussing whether developed economies like Australia should recall manufacturing activities onshore so they're less exposed to future disasters, writes Gareth Hutchens.
Yes please to Australia re-skilling itself, it needs to be our highest priority.
Coronavirus is focusing attention on how fragile global supply chains can be, so how will Australia respond? - ABC News
The damage coronavirus has caused to supply chains has experts discussing whether developed economies like Australia should recall manufacturing activities onshore so they're less exposed to future disasters, writes Gareth Hutchens.
I don't think anyone disagrees. But the issue will be no one will want to pay for it. Superfunds and investors will want companies to maximise profits. That means getting stuff as cheap as possible. Unions won't allow working conditions to deteriorate to a point where Australia can match China's efficiency. We can always throw tariffs on imports and then we'll be paying a hell of a lot more for stuff and exporting a hell of a lot less.
The Aussie government works in 3 years cycles. Year 1 - pay back all the donors. Year 2 - introduce some party policies. Year 3 - start pork barrelling for the upcoming election. What Australian government is going to take the bold move and risk certain defeat in the Polls? Christ, franking credits for pensioners, CGT discounts and negative gearing are three things in isolation that will change an election outcome.
Becoming self-sufficient as a country again is an admirable goal. Achieving it is a *smile* of a lot harder than writing a couple of opinion pieces in the paper.
And then theres India........
If we were to stop getting ripped off with our resource we could afford to pay for it
It's time to do something about the sweetheart deals that the Oil, Gas, Iron Ore, Coal Industries get.
We are giving our resources away, an example is the Petroleum Resource Rent Tax (PRRT). Australia is now the biggest net exporter of LPG in the world.
In 2017-18, LNG companies in Australia had revenue totalling $29.7 billion, yet paid just $1.07 billion in royalties levied under the petroleum resource rent tax (PRRT).
In 2016-17, from revenue of $22.7 billion, they paid only $970 million in PRRT.
By comparison, Qatar, a close second behind Australia in production, received a staggering $26 billion in royalties.
The LNG industry is booming. So why are we not getting the royalties?
Australia this week became the world's largest net exporter of liquified natural gas (LNG), but those companies are paying few royalties
thenewdaily.com.au
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What do you mean “our” resources? Where do you come up with this mystical notion that you own them? You don’t own them. What you are bemoaning is that the theft of assets isn’t more widespread.If we were to stop getting ripped off with our resource we could afford to pay for it
It's time to do something about the sweetheart deals that the Oil, Gas, Iron Ore, Coal Industries get.
We are giving our resources away, an example is the Petroleum Resource Rent Tax (PRRT). Australia is now the biggest net exporter of LPG in the world.
In 2017-18, LNG companies in Australia had revenue totalling $29.7 billion, yet paid just $1.07 billion in royalties levied under the petroleum resource rent tax (PRRT).
In 2016-17, from revenue of $22.7 billion, they paid only $970 million in PRRT.
By comparison, Qatar, a close second behind Australia in production, received a staggering $26 billion in royalties.
The LNG industry is booming. So why are we not getting the royalties?
Australia this week became the world's largest net exporter of liquified natural gas (LNG), but those companies are paying few royaltiesthenewdaily.com.au
Come on Australia lift.........we need to be better, smarter, instead of giving our resources away for a song
Would you go to war and fight for Australia, that's assuming your were born HERE, or are an Australian citizen?
I'd rather the companies that mine resources from Australia paid a commensurate tax to their profits instead of BS offshore tax avoidance.
www.michaelwest.com.au
Australia's Top 40 Tax Dodgers 2020: fossil fuels dominate once more - Michael West Media
It's Top 40 Tax Dodgers time and Exxon has topped the charts again. This year, we are announcing all 40 in one go. Corporate tax avoidance
www.michaelwest.com.au
Where do you come up with the mystical notion that mining companies can just go and dig crap out of the ground and make billions because somehow once they pay people to dig stuff out of the ground for them it is somehow theirs to sell.
Ridiculous notion.
DS
I’ll answer your irrelevant question, I doubt you’ll answer mine.
I would never fight for Australia, I am not interested in nationalist pursuits that serve to aggrandise the government. I would defend my home, family and friends if they were in danger.
Yeah what a ridiculous notion that people should bear the fruits of their labour. Mining companies should invest their capital, take on all the risk and then hand it all over to the mob who had nothing to do with the whole process, who bore no risk, because...
Much more sensible to rob them blind to placate the envious and ignorant.
I'd rather the companies that mine resources from Australia paid a commensurate tax to their profits instead of BS offshore tax avoidance.
Australia's Top 40 Tax Dodgers 2020: fossil fuels dominate once more - Michael West Media
It's Top 40 Tax Dodgers time and Exxon has topped the charts again. This year, we are announcing all 40 in one go. Corporate tax avoidance
Thanks for sharing. I wonder how they can keep using the debt loading structure with interest rates so low? I hope it’s making it harder for them. As they shouldn’t be charging a higher than a commercial bank rate. If they are charging a lot more interest to a related company then I would only allow the interest tax deduction to be at a rate that a bank would charge.
Also I would be looking at the benchmarks of the last 20 companies in Australia that have went into administration. If they are in this territory I would be putting it to the big tax audit firms that they are signing off firms with these traits that they would want a great explanation as they will also liable for tax evasion.
I stand by what I said "It's time to do something about the sweetheart deals that the Oil, Gas, Iron Ore, Coal Industries get", in Australia.
Big miners paid no tax on incomes of $53 billion according to the ATO
The resources giants who built the mining boom since 2000 earned $53.8 billion in revenues in the 2017-18 year without paying any tax,
thenewdaily.com.au
You standby it without offering a justification for it. Do you understand that revenue is not what companies make, but the difference between revenue and costs? You still haven’t answered my question.I stand by what I said "It's time to do something about the sweetheart deals that the Oil, Gas, Iron Ore, Coal Industries get", in Australia.
Big miners paid no tax on incomes of $53 billion according to the ATO
The resources giants who built the mining boom since 2000 earned $53.8 billion in revenues in the 2017-18 year without paying any tax,thenewdaily.com.au
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I understand that it's high time that the sweetheart deals that the Oil, Gas, Iron Ore, Coal Industries have been given are reviewed.
And they show their gratitude by setting up tax dodging hubs in Singapore.
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in the sense of actual people doing actual work as opposed to rich people getting smart accountants to shuffle paper to avoid paying tax in australia, yes. that narrow sense.
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More magical thinking: I found it, I did something to get it, it is therefore mine.
What a load of crap.
DS
