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Do businesses only pay taxes on profits. I mean if they were making money and funneled that money into expansion/growing the business wouldn't that reduce their taxable income rather than that being taxed?
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# ? Mar 31, 2017 08:33 |
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# ? Jun 8, 2024 09:31 |
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hooman posted:Do businesses only pay taxes on profits. I mean if they were making money and funneled that money into expansion/growing the business wouldn't that reduce their taxable income rather than that being taxed? Businesses don't pay tax on anything; they use offshore holding companies then complain they get taxed too much because they're a bunch of thieving sooks.
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# ? Mar 31, 2017 08:40 |
hooman posted:Do businesses only pay taxes on profits. I mean if they were making money and funneled that money into expansion/growing the business wouldn't that reduce their taxable income rather than that being taxed? No, there are a bunch of different taxes like payroll tax, gst, payg and others.
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# ? Mar 31, 2017 08:45 |
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Greedy fucks laughing their arses off while taking savings out of the hides of people who can't afford to buy the goods
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# ? Mar 31, 2017 08:50 |
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NPR Journalizard posted:No, there are a bunch of different taxes like payroll tax, gst, payg and others.
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# ? Mar 31, 2017 08:50 |
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Don Dongington posted:No I think that's generally it. She's concerned about Sharia law because to the simple and uneducated and with the way that opponents of Islamic immigration frame it, it's concerning. Those of us with a basic understanding of How Australia's Legal System Works and who bother to look a little deeper at an issue than the front page of whatever rag Murdoch vomits onto the Tasmanian landscape once a week know better, but that's clearly not how she rolls. I want to sit down with her and a copy of the Koran and explain that we won't have sharia law without the caliphate which, despite what ISIS claims, doesn't currently exist and is unlikely to exist in the future. I like to imagine this would be the first step in a series of epiphanies that lead Jacqui to joining the Greens, the Greens storming into government and ushering in a glorious new epoch in Tasmanian history.
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# ? Mar 31, 2017 08:54 |
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hooman posted:Do businesses only pay taxes on profits. I mean if they were making money and funneled that money into expansion/growing the business wouldn't that reduce their taxable income rather than that being taxed? The answer to this is "it depends" which usually translates to companies managing their business to avoid paying taxes. Retained profits can be reinvested back into the business to increase its capital worth, and would be taxed. But there are numerous ways to get around this (or even do the reverse and carry losses forwards to be offset by revenue in future years). The other big deal about these cuts is that it will mostly benefit foreign investors, as Australian investors have access to dividend imputation, that is if the company has paid tax on the profits the dividends are 'franked' and you don't have to pay personal income tax on the receipts (in effect they are adjusted to ensure you don't pay more or less than your marginal tax rate). This gives another out for avoiding tax. Pretty much no other country allows this and many will have lower corporate tax rates but they effectively (supposedly) get paid twice, once by the company and once by the individual. Other countries also charge the equivalent of the Medicare levy on employers rather than citizens, or charge company income tax at both the federal and state level so the point is you can't compare like for like in regards to national company tax rates, the differences in systems makes it difficult. None of this nuance is ever discussed in the media or by the Government, of course, it's just whatever single points of information support whatever argument they want to make. Edit: basically our tax system is horrible and over complex. It isn't collecting enough and there are a gazillion loopholes. It means public discourse is nearly impossible because only accountants who advise big firms on tax minimization/avoidance/evasion actually understand it, and they always lobby to make it more complex. Blamestorm fucked around with this message at 09:08 on Mar 31, 2017 |
# ? Mar 31, 2017 09:02 |
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Blamestorm posted:The answer to this is "it depends" which usually translates to companies managing their business to avoid paying taxes. Retained profits can be reinvested back into the business to increase its capital worth, and would be taxed. But there are numerous ways to get around this (or even do the reverse and carry losses forwards to be offset by revenue in future years). Thanks, business and taxation is one of those areas I know very little about.
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# ? Mar 31, 2017 09:19 |
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https://twitter.com/MarkDiStef/status/847685346863202307
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# ? Mar 31, 2017 09:33 |
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# ? Mar 31, 2017 09:53 |
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There is no loving ironicat big enough.
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# ? Mar 31, 2017 10:35 |
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The whole Abbott interview, http://www.2gb.com/podcast/tony-abbott-5/ With absolutely no sniping.
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# ? Mar 31, 2017 10:41 |
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Bogan King posted:You can get a loaf of bread for $0.85 at Coles But that's not preservative free sourdough in an elaborate pattern purchased from a gentleman wearing a fancy vest and a monocle.
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# ? Mar 31, 2017 11:15 |
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I like nice bread.
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# ? Mar 31, 2017 11:16 |
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ugh too many carbs
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# ? Mar 31, 2017 11:24 |
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Bogan King posted:Businesses don't pay tax on anything; they use offshore holding companies then complain they get taxed too much because they're a bunch of thieving sooks.
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# ? Mar 31, 2017 11:38 |
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i think i'm at the point where i'm unironically a stalinist and think the red terror was good, please help
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# ? Mar 31, 2017 11:42 |
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I've been thinking of various business assholes as Kulaks for a bit now.
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# ? Mar 31, 2017 11:46 |
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How is this real? Is this real? I mean, I've been spending so much time in the Trump horror thread that I can't tell anymore.
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# ? Mar 31, 2017 13:09 |
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http://www.gwb.com.au/onenation/
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# ? Mar 31, 2017 15:18 |
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quote:One Nation MP’s disdain for ‘slimy’ state leader http://www.theaustralian.com.au/nat...1755-1490969742
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# ? Mar 31, 2017 15:28 |
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Just to clarify, if what you are saying is factually correct you are protected by 18d right?
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# ? Mar 31, 2017 23:16 |
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# ? Mar 31, 2017 23:23 |
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Zenithe posted:Just to clarify, if what you are saying is factually correct you are protected by 18d right? No. If what you are saying can be justified as being a belief you hold it is protected. It's really broad and basically says do whatever you like as long as you aren't just trying to gently caress with people. Like if you are a Christian and you truly hold that Muslims are evil baby rapers that is ok. e: I work with journalists union from time to time and they don't feel like editorial content is threatened by 18c, but they acknowledge that doing blatant rabble rousing might land you in poo poo.
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# ? Mar 31, 2017 23:32 |
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Police are laying additional criminal charges into Kathy Jackson. Good.
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# ? Mar 31, 2017 23:49 |
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JBP posted:No. If what you are saying can be justified as being a belief you hold it is protected. It's really broad and basically says do whatever you like as long as you aren't just trying to gently caress with people. Like if you are a Christian and you truly hold that Muslims are evil baby rapers that is ok. For specific examples relating to 18D: Bill Leak would have been fine under 18D and the only reason the case didn't die earlier was because he didn't invoke it, and Bolt lost his case because his pieces " contained erroneous facts, distortions of the truth and inflammatory and provocative language" (he lied, and he'd have lost a defamation case too). Doctor Spaceman fucked around with this message at 00:56 on Apr 1, 2017 |
# ? Apr 1, 2017 00:52 |
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Hey, somebody start a new thread and I'll close this one.
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# ? Apr 1, 2017 02:00 |
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https://twitter.com/mumbrella/status/847985680282038272
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# ? Apr 1, 2017 03:42 |
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At last our evil lefty plan has succeeded. Now to destroy the Bolt Report!
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# ? Apr 1, 2017 04:18 |
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"Good" - The Hon Anthony Albanese MP
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# ? Apr 1, 2017 04:20 |
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ewe2 posted:At last our evil lefty plan has succeeded. Now to destroy the Bolt Report! Sure okay, good luck getting Andrew Bolt to make indefensibly bigoted comments about anyone
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# ? Apr 1, 2017 05:16 |
http://mobile.abc.net.au/news/2017-04-01/abbott-announces-leadership-challenge/8404860
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# ? Apr 1, 2017 06:45 |
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We're all gay schoolkids in April so come frolic with me
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# ? Apr 1, 2017 07:06 |
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Does anyone know specifically why QLD Labor is so desperately in bed with Adani? Like there's hundreds of reasons for them not to be but they still insist.
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# ? Apr 1, 2017 07:29 |
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# ? Jun 8, 2024 09:31 |
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Anidav posted:Does anyone know specifically why QLD Labor is so desperately in bed with Adani? Like there's hundreds of reasons for them not to be but they still insist. I'm not sure but it seems like a good thing to post in the April thread rather than the March thread. Seeing as it is April and all. I even made handy link for you.
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# ? Apr 1, 2017 07:32 |