The Costs of Foreign Domination of Australian Agriculture by James Reed

The  ATOs Corporate Tax Transparency List for 2014-2015, has revealed the ugly truth that dozens of foreign multinational companies that have made billions buying and selling Australian agricultural commodities have paid no tax: http://www.weeklytimesnow.com.au/news/national/foreign-agriculture-giants-avoid-australian-tax-bill/news-story/6f30e64fa8b270a13c6c3e2bd27c57b0. Apparently these multinationals all made losses, some for the second year in a row. The companies span the entire Australian agricultural sector of grain, wool, dairy, wine, pork and other commodities.
If such companies make losses then why are they still operating here? Clearly we Australians, due to our absurdly biased tax laws, written to benefit the multinationals over locals, are being taken once again down the river. Wake up Australia!

 

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Wednesday, 24 July 2024

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