So ATO protects foreign owned corporations from paying tax while chasing Aussie battlers for pittance. Treasonous behaviour all round

Gina makes a minor donation to the ALP, gets $840 million for a company she has shares in - her personal holding value went up $20 million on the share price increase after the announcement... but the ATO are chasing me for debts from 20 years ago... all with the penalties and an interest rate that reminds me of the Keating banana republic years... the fact that I lost all the paperwork in the 2011 floods in QLD means I can't easily reconstruct the ledger... The banks have changed systems in that time, so they can't provide copies of documents... A tax agent can help, to a degree, but ATO are still insistent on recovery... But I'm glad I can support Australia's billionaires - they deserve it all... Maybe I need to employ PWC to help me find a few more deductions... I'll probably end up with a nice fat refund... Funny how corporations that don't vote get all the political attention that actual voters don't... Seems like a bit of a scam...

Socialism for the rich and capitalism for the poor

It's about time the ATO "Deemed" some of these offshored expenses as a tax avoidance rort and incurred tax anyway. If a multinational incurs any expenses, debt or royalties from any group members in a tax haven, it should be completely disregarded. Remember when the ATO "deemed" that self-funded retirees with cash earning no interest should pay tax as though they earnt a certain percentage interest on it? They should do the same with big companies!

How are PWC’s actions not seen as treason?

I'm honestly getting tired of the bulldust that gets done in Aus, especially fed

This is how crony capitalism works, situation normal.

ATO is just the latest govt body to be captured by corporations.

Time for the peasants to get Revolting!

The tax office is threatening me with gaol time because 20 years ago, when I was a teenager working at Macca's I did not complete a tax return.

Politicians and corporations have made life excruciating.

Never ceases to amaze me.

How can they go back 15 yrs when you only have to keep records for half that time?

“ now of course I am minimising my tax , I don’t think there’s anyone in this country that doesn’t try to minimise their tax. If they don’t they want their head read because as a government you’re certainly not spending that well that that we should be donating any extra “ … Kerry Packer !

The whole system needs a overhaul .Its all a scam.

Bring back kevin rudds super profits mining tax. Only problem Albanese Labour government wants to stay friendly with the gas industry/lobby.

Chasing ordinary Aussie's but protecting multinationals. Why? Its ridiculous.

With each passing week I am getting more disappointed with our Labor federal government! 😢

How to be a one term government 101…

Got a tax assessment once. $180,000. Enquired as to details. Told, as it wasn't my bank account, I wasn't able to have the details. For the next 20 years, I paid no tax and structured my affairs. That debt escalated to $480,000. Reckon when I went bankrupt, my unpaid taxes totalled $1.5 million. They never got one red cent.

The Treasurer digging his political own Grave with his own teeth and help from the ATO

I was under the impression since receipts only had to be held for 7years there would be a time limit on debt collections prior to that…guess it’s only for the big money earners

My, God! Wake up Australia!

ATO is not reprising robodebt, they invented it in the early 1990s

Deplorable!

The federal govt is making life hard for the common man. Its absolutely astonishing how these thugs in govt get away with it

Just after GST was introduced the ATO sent out a memo to their staff to *_"target small businesses because they don't have the resources to fight us"_* and I believe that was a quote from that memo. How many people will have records from 15 years ago? I waited for the 7 year audit period to expire after I closed down my business and I had all my business documentation professionally destroyed. ATO changes or makes up the rules to suit themselves. Remember the ATO supplied Tax Packs that were full of errors but the taxpayer was still libel for fines etc if the error filled Tax Pack caused an incorrect tax return to be lodged. ATO slogan.. *NO care, NO responsibility.*

they will chase down some poor PAYG wagie who claimed socks as a work related expense ...and mulitnats get a pass on billions

That always frustrated me, how companies pay tax after the cost of going about their business, and people pay tax before they've done anything. Soft target exploitation....

Chalmers also promised action on transfer pricing but 2 years in we’ve seen nothing

ATO have most likely implemented what the IRS did in July 2023 and saw the results they have achieved in 6 months $500 million from the working class, small and medium enterprise.

leeches

I don't mean to sound crass, but if the big corporates were taxed fairly in Australia (90%), I don't believe there would be mass suicides as a result.

Can someone with a brain in the government perhaps have a look at this ! Disgrace

They suck, they don't act when you report someone to them. - especially if it's wage theft.

Michael, excellent work! It would be good to do an expose on the rorting through personal income tax deductions. It would be on a scale that dwarfs multi-nationals...

If I have a rental house in Australia and I'm living overseas, I must file tax returns in Australia and pay tax in Australia on the net rent I receive from my Australian rental house. All Australian sourced income is taxable in Australia - that's the ATO's standard line. So why the hell isn't this the case for Big Corporations ??? It's way past time that the loop holes were closed. Edit: add clarification.

Thanks Michael 👍

And again.. Do not expect help from party politicians, they aren't effected by this, they do however get a lot of "support" from the serial tax avoiding corporations. They aren't going to bite the hand that feeds them.

My basic understanding is The ATO own rules states that all records must be retain for SEVEN YEARS that applied to all business big or small along with PAYG tax payers. If this the case then the ATO has shot themselves in the foot as like centrelinks robodebt it is illegal as well.

I'm glad to be a subscriber MWM, u keep on getting better and better. As u say don't pay so u can read/ watch, pay so others can. Your one of three I support but thank the people who support those I read but don't contribute too, as there's only so much to go around unless your a tax dodging multinational. Like KCA a time poor person appreciates the effort put into the videos. Thx champion 🏆

Let's not forget the richest corporation of them all that gets away without paying any tax to the ATO - the catholic church!

I wish someone would explain the ratio of democracy and double-standards. wonderful verbalisation Michael 👍

Thanks!

I reckon its pretty simple, all revenue over $50k PA is taxed at some nominal rate - say 10%, just like PAYG arrangements. Covers everyone and everything on revenue over $50k. No expense write-offs, no other deductions, no GST, no CGT, nothing, just a flat revenue tax on earnings from anything per entity per annum. Work out revenue directly from earnings at the point of sale like we work out GST.

Well said Michael 👍👏💥💥💥💥💥

Intergrity? LOL

Any chance those being chased by the ATO can form a Mr Bates vs the Post office type campaign? Deeming....the governtment must start deeming these corporations. Use deeming. They've used it in the past (and still use it but not for corporations).

US-IRS===AU-ATO? YES!!!

I have a 10 year old receipt and they say i missed the return 😅 try and contact a human😢, robo debt 2.0 ? Yes its a Labor concept.

Great work Michael. ATO droogs on the highway to hell.

Note what happens when foreign corps take out local miners - no more tax revenue to ausgov. Latest moves on Alumina take note

I'm sure Labour will fix it

Statute of limitations, if not why not ?

How to lose an election if you can get the message out. That would scare PM and change attitudes.

Why haven't all political donations been banned?

The ATO are pi55weak.

Was RoboDebt Version 2 initiated by the outgoing Commissioner of Taxation, Chris Jordan, for the new Commissioner of Taxation, Rob Heferen, to deal with and ultimately take the flack?

For those who study what drives revolutions there is an enormous amount of wealth inequality and inequality under the law that will be accepted but bullying the weak and shucking up to the rich is certainly a good step down that road, If you work for the ATO you must know what is going on is wrong and it is no excuse to say I was just organising train timetables.

Cheers.

what are the four thumbs down for ? maybe they think this report needs more dragons . I dont think so as there are so many monsters already mentioned here

Who made Taxes Legal and Can they really be enforced by Criminal Government that works for a Corporation that is now Defunct.

As a member of the Qantas Chairman's lounge, I can confirm that most of my fellow members do not pay tax. Some words of advice, your videos are not going to change anything. But this channel hopefully distracts you from running as an independent politician. Then we would be really concerned.

AlboDebt

So both parties and the sitting parliaments over the past decades have done nothing to stop foreign corporations dodging tax. Seems they are the problem. Vote for an alternative for future generations.

Not about the video but I bought a shit a while ago and forgot to pick it up. What’s the T-shirt manufacturer?

The politics of division don’t look at us. Look at the person next to you, it’s their fault. The middle-class, working Australia gets shaken down for the tax all the while laying them up as the evil enemy, manufactured outrage at the evil villains earning $180,000 a year, made an investment and has decided to put something a aside for later life.

Sorry but no why can a business flake on their tax just because “I didn’t know”? Can I use that excuse? No. Don’t act like these debts weren’t put on hold because of COVID. Let these businesses fail.

**An election between Donald Trump and Hillary Clinton is like being asked to choose between “cholera or gonorrhea,”** Julian Assange said in an interview aired Wednesday. He chose Trump... What Great judgment Mr. West... and you still support the 🤡

Where can we get that list of tax dodgers you showed??

Thanks!