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    don_dunstan posted 15 May 2017 21:56
    Posted in The Lounge » It's the economy, stupid!

    1. Microsoft, Google et al hide their profits overseas, making any comparison of company profits in Australia impossible.
    kitchgp
    For sure, I don't disagree with Groundrelay's earlier quite valid point about who is not paying the most tax in Australia. Trans-national companies like Apple and Google certainly should be paying more but they also employ ex-politicians to lobby against any potential measures affecting their delicate tax structures... what can you do. Is there any lobby group that represents ordinary people I wonder.
    2. The LNP has been in power for the last 4 years of the 8 years since 2009 and, obviously from the above statement, done nothing about real wages except attempt to reduce penalty rates.
    kitchgp
    Again, no argument from me at all on that - you are right, they've actually accelerated the problem. And yet they don't see the irony of pursuing a low-wage policy while revenue from income tax (the biggest single source of revenue for the Commonwealth) is continuing to flat-line. The sorts of jobs that are being created in Malcolm's flash "new economy" are obviously not ones that pay well?

    Edit history

    Edited 15 May 2017 21:57, 4 years ago, edited by don_dunstan

    1. Microsoft, Google et al hide their profits overseas, making any comparison of company profits in Australia impossible.
    kitchgp
    For sure, I don't disagree with Groundrelay's earlier quite valid point about who is not paying the most tax in Australia. Trans-national companies like Apple and Google certainly should be paying more but they also employ ex-politicians to lobby against any potential measures affecting their delicate tax structures... what can you do. Is there any lobby group that represents ordinary people I wonder.
    2. The LNP has been in power for the last 4 years of the 8 years since 2009 and, obviously from the above statement, done nothing about real wages except attempt to reduce penalty rates.
    kitchgp
    For sure, again, no argument from me at all on that. And yet they don't see the irony of pursuing a low-wage policy while revenue from income tax (the biggest single source of revenue for the Commonwealth) is continuing to flat-line. The sorts of jobs that are being created in Malcolm's flash "new economy" are obviously not ones that pay well?

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