Miss­ing out

Isis Town and Country - - Opinion -

AUS­TRALIA is miss­ing out on bil­lions of dol­lars in lost rev­enue an­nu­ally be­cause multi­na­tion­als are al­lowed to legally send their huge prof­its to over­seas tax havens. It cer­tainly seems that our govern­ment is not ca­pa­ble of tight­en­ing up th­ese tax haven loop­holes and as a re­sult they sug­gest that Aus­tralian tax­pay­ers should make up for the lost rev­enue by in­creas­ing the GST to 15%. The only safe and ef­fec­tive way of over­haul­ing the tax­a­tion sys­tem with­out cor­rupt in­ter­fer­ence from big busi­ness lob­by­ists is to have an in­de­pen­dent Royal Com­mis­sion which would in­ves­ti­gate and act with­out out­side in­flu­ence and pro­vide a fair tax­a­tion sys­tem for all.

John O Wil­liams Moore Park Beach

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