Adventure Ausrama Blog

SOCIOLOGY Many in Australia are calling for a guaranteed minimum wage whether a person earns it or not. If a low paid job for say 30 hours a week is below this minimum then the state will top it up. This sounds fair at first instance, but there is the problem of government income to pay for this and the world economic environment that thrives on low wages. If every country in the world did it, the system would be viable. Unfortunately, humans are greed driven. We are nice to each other. This in only to a degree, however. Man is torn between egalitarianism and competition. The Star Trek world where only those who want to work abandon their sloth and actually go to work is far off in the future. When I was young the dole was quite high. It was meant for times between jobs to maintain family income. Indeed, in England those who paid more tax got a higher rate of unemployment. This was definitely not egalitarian. The Australian benefit has fallen way behind the cost o...

It amazes me how people can blatantly lie, and continue to lie, when everyone else knows the truth. There is a Senate inquiry in Australia into big companies, mainly tech giants, avoiding tax that is owed to this country. Mr King, the head of Apple Australia strongly denies that the company is reducing its tax payments through questionable methods. Fair "crack in the door mate" we all know what is really going on. Is Ireland involved in these methods? Apple and Google are the major companies targeted by the inquiry. Britain is planning to regulate to make them pay what is due there. Other countries are watching to see what Britain does. Of course, the easiest way to get money out of the tech megaliths is to introduce a revenue tax irrespective of profit, because it is profit that is being skimmed off subsidiaries by head office for non-existent services. The Australian Tax Office wants its pound of flesh from internationals as it does from locals. Last year Apple p...

Multinational companies are making a mockery of national tax policies. Countries have set up collection systems based on the pre-internet period. Everything today is mobile. People and money are flowing freely around the world. Google, Apple, Facebook and others are moving income from all their national operations to Ireland where the tax rate is ridiculously low. They inundate branches in other countries with mythical charges from head office, so profit is reduced to zero. Of course, in reality it is not zero. What countries should do is instigate a REVENUE TAX. This idea will shock and frighten CEOs. It is the last thing they want. Companies should be levied with either revenue tax or company tax whichever is the greater. Setting a revenue tax rate at a realistic 4 per cent will solve national tax collection problems. Companies will not be able to avoid paying some tax. Say a company has revue of $100 million. The tax payable on this would be $4 million. If...