Power Raid
We Exist To Win Premierships
The Greens want to return tax rates for the wealthy and big business to what they were in 2016. Were the wealthy and big business being taxed out of existence in 2016?
The OECD themselves say otherwise.
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We have the same effective company tax rate as those well-known economic basket cases Germany and Japan. The Greens haven't made any plan to raise this, they just want to remove the small business discount for businesses that earn over $10 million per year.
There are multiple reasons for lots of things. One of them is political prejudice, another is the media convincing the ordinary person to do the bidding of billionaires and corporate hucksters.
this has flaws as it fails to consider timing issues be it capital investment vs depreciation, corporate vs personal tax timing difference with dividends or capital gains. It also ignores state taxes and the franking credit liabilities.
but I do believe corporate tax should have remained at 30% for ALL companies
they should also tax churches and charities at the corporate tax rate and apply property taxes as otherwise applied.
they should tax foreigners CGT as they would a local tax resident