Do u believe that in a country like Australia, corruption is at such a high level that it effects tax legislation?
So by your argument your suggesting that so many industries shouldn't have to pay tax because it will increase the price for consumers.
Companies are doing the right thing and they will do anything they can get away with. It not up to the company to give away money if they can keep money for themselves it is up to the government and to make the laws in which they pay tax
Right now how they are avoiding tax is by writing all the profits offshore in tax havens and charging all the expenses in Australia which comes out as zero.
That how it done and if the government disallowed that than they would have to pay taxes. But it allows money to be laundered out of Australia so it just bleeds the economy since all the revenue is leaving Australia and all the Australians are doing is spending $$$$$$$ that isn't been invested back into the country.
ATO can't do anything because they are following the current taxation law just that the Australian taxation laws are about a hundred years outdated
Rest of the world laughs and mock our relaxed medieval tax laws and it is essentially yes a tax haven if you can afford the accountants that setup these systems that move money overseas instead of paying the tax man
So what does the ATO do to make up the difference? They crack onto the lowest paid and poorest of poor people in society for the $$$. Truly like we are back in the the year 700-800 AD
The lords that rule over us that get off Scot free but the common plebs bears the burden of the country like peasants
Whip the peasants and make them pay 45-80% tax. The lords have to be served!
I've been using half the tactics myself those multi million dollar salary accountants use and have to say quite effective
Not to mention... 100% legal
