Sirrumpole, all companies are not big corporates, most people are employed in sme and even big companies start small
At the moment, these companies are too small to do tax avoidance and still overtaxed ar 30pc or so, so no right minded entrepreneur will start or stay in oz, and if you start here, you will be crushed by os concurrents
So sad
Jobs are being created aren't they ?
That's what the government keeps telling us.
We can create more jobs at any time. Eg. Ban the use of bulldozers and force people to hire armies of workers with shovels and wheel barrows.
But, is maximum employment the target we should aim at?
I don’t think so, I won’t an economy that is producing an ever growing amount of goods and services, with a ever reducing Labourroduction ratio.
Off-course then there will be arguments about how this ever growing pile of goods and services is divided up, eg between those still working vs capital owners vs those on welfare etc etc.
But those sorts of family squabbles will work them selves out, as long as it’s still worth while for the remaining workers to work and the investors to invest, there will be plenty of excess goods and services to make their way to feed, house and clothe the unproductive class.
Funny how people are still deluded about infinite growth in a world of finite resources.
So 25 pc tax is ok,all sorted?
, and we are all good and competitive with that,
i really need to open a thread on various countries taxation as we australians have lived for far too long in our bubble of ignorance
It's 25% in China, 25% in the US (including State taxes) . The UK has a sliding rate with 45% on profits above 150k pounds, which aint a lot of profit.
No, we can not because we have a minimal wage well above the rest of the world, no bank ready to loan you money,
if any loan, rate one of the highest in the world. Still..
No quick building, years of red green tape and aporoval circus
Once built, H&S at every corner and unions circling for blood if big enough project
And if you do it, one of the highest company tax rate
As explained befire, any business which can be based elsewhere has no sane reason to stay here.
From it startup to engineering or finance
So we are left with RE,mining,farming and retail for the locals... look at the rich list for australia
company tax rate: last post on that subject:https://home.kpmg/xx/en/home/servic...x-rates-online/corporate-tax-rates-table.html
after a quick check, the only countries higher than current Australian rate are banana republics and african countries, and France/Venezuela of course.
Interesting reading..Norway 22pc.....Finland 20pc
company tax rate: last post on that subject:https://home.kpmg/xx/en/home/servic...x-rates-online/corporate-tax-rates-table.html
after a quick check, the only countries higher than current Australian rate are banana republics and african countries, and France/Venezuela of course.
Interesting reading..Norway 22pc.....Finland 20pc
You all want to sit here and whinge about the current state of affairs and vote back in the people who put you there
Wake up you nobs
You should of put H&S before unions
They go hand in hand
But tell me how it works mate put your life on the line
We are talking about competitivity of Australia.How many of those countries have dividend imputation ?
I'll give you a hint: NONE.
So when you start your thread, maybe you would like to adjust for that.
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