Tax Avoiders Playing Australians For Mugs

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Tony Abbott declares that bad people should no longer get away with playing Australia for mugs, as they have been doing (“PM talks tough on security”, 16/2). Well said, sir. The 30 large multinationals that sent hundreds of billions of dollars offshore in 2012-13 to “related entities” in Singapore and Switzerland to avoid taxes play Australians for mugs, as do News Corp and Telstra, with their nice little lurk of lending money to related overseas businesses at inflated rates, claiming the interest as a tax deduction, then lending it back to themselves at zero interest rate (“News Corp, Telstra tax bills slashed by loans merry-go-round”, Business Day, 16/2).
Our Prime Minister is intent on making needy communities meet the shortfall, instead of taking on the big boys: all swagger and no guts. Very little indication so far that our shadowy Opposition Leader will do any better.
How is this “benefit of the doubt” thing the Prime Minister warns us against different from that fundamental principle of British justice: the “presumption of innocence until proven guilty”?
Living in a bubble?
In defending his sacking of Philip Ruddock, Mr Abbott claims he was not made aware enough of the level of backbench discontent with his performance. It seems the Prime Minister has also not read a single newspaper, watched any TV news or listened to the radio for the past 12 months. Tin ear? More like “the boy in the bubble”.
This news story is reprinted from http://www.theage.com.au
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