Tuesday, 26 January 2016

#auspol corruption?Milk cows not taxpayers.

Our governments over the last 30 years have neglected corporate taxation to a point today where 579 corporations in the top 1500 pay no tax. The other 921 companies have paid varying amounts from1% up to 5%  These corporations manipulate laws to lower what their taxable income is by up to 90% in countries all around the world in some instances using subsidiaries or shelf corporations. This means that tax revenue from companies in Australia  is a mile off what it should be based on their true revenue.It has had  a devastating impact on Australia. We have been misled by many governments and a lot of MP's for 30 years. In this time we have seen services diminish, assets stripped & sold. Our politicians have used a lack of revenue as the reason for these austerity measures.                                              
I can't imagine how this can be condoned or explained. It truly is criminal. We have effectively been robbed by our governments and their opponents are complicit as they've waited their turn to oversee the same issue. If it isn't corruption which I suspect it is. It is incompetence on a grandiose scale.

There are too many links with the companies & MP's & or political parties.Donations Jobs, board roles speaking engagements with massive fees, jobs for relatives gifts consultancies etc.
How do we fix this issue? Until we either get public awareness of the seriousness of the issue or we get a fair dinkum investigative body with broad investigative & prosecutorial powers, we won't.
The frightening thing is if the present course is maintained with the addition of trade agreements and lax laws regards company bankruptcy. The people of Australia are going to be hammered with job losses. Lose entitlements via broke companies lose superannuation through market collapses. The gap they talk of is fast becoming a canyon and it appears to be preordained.