THE Australian Tax Office has released information showing that 48 millionaires paid no income tax. Most claimed over $1 million to “manage tax affairs”.
This is clearly a ridiculous amount, however the rort has gone unchallenged by Labor and Coalition governments.
Who would pay such a huge proportion of their income for such an expense? Why isn’t it challenged? Who charges those fees and are they included in the recipients’ Australian assessable income? Are the Greens the only party prepared to challenge this obviously dubious “tax avoidance” practice?
We need a government who is prepared to protect our revenue base, but also to name the “tax practitioners” who are the architects of this practice and to bar them from ALL government advisory and consultancy positions.
It is time for action to be taken against these practices. Perhaps Centrelink could take up the challenge. — Garry Sharp, Regency Downs
Feeding bread to birds is causing health problems to birds all over the world, not only in Australia.
— Rob Wilson