This is what Michael Lacey says today in a comment:
michael laceyApril 23, 2017 at 8:39 am
Recent figures from the Australian Taxation Office show that in the 2014-15 tax year, 48 millionaires paid no Australian tax at all on earnings of $110 million, but paid accountants and tax advisers over $20 million.
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Mother and Wife of German Descent
I've lived in Australia since 1959 together with my husband Peter. We have four children, eight grandchildren and two great-grandchildren. I started blogging because I wanted to publish some of my childhood memories. I am blogging now also some of my other memories. I like to publish some photos too as well as a little bit of a diary from the present time. Occasionally I publish a story with a bit of fiction in it. Peter, my husband, is publishing some of his stories under berlioz1935.wordpress.com
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2 thoughts on “Some Figures from the Australian Taxation Office”
Taxation avoidance is our national sport. Each year at the end of June millions of of true blue Aussies are feverishly filling in their taxation returns scheming on how to pay less tax.
Of course, the millionaires get their highly skilled accountants to minimize their tax or indeed no tax!
Not many seem to question how all this taxation avoidance is the reason why our health- care, education, social welfare are suffering.
Our Government is encouraging tax avoidance by promising tax cuts on top of all that as well.
And our children and grandchildren’s future? It dares not think about.
2/3 of New Zealand richest people don’t pay tax: http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10887756
Taxation avoidance is our national sport. Each year at the end of June millions of of true blue Aussies are feverishly filling in their taxation returns scheming on how to pay less tax.
Of course, the millionaires get their highly skilled accountants to minimize their tax or indeed no tax!
Not many seem to question how all this taxation avoidance is the reason why our health- care, education, social welfare are suffering.
Our Government is encouraging tax avoidance by promising tax cuts on top of all that as well.
And our children and grandchildren’s future? It dares not think about.