G'day:
-----Original Message----- From: Russell Coker [mailto:russell@coker.com.au]
On Fri, 7 Nov 2014, "Pidgorny, Slav(GPM)" <slav.pidgorny@anz.com> wrote:
It would be also beneficial for the people of Australia to have sales and income taxes comparable to those in Hong Kong.
Hong Kong isn't an independent country, it's a "special administrative region". So it benefits from the protection of the Chinese army while being allowed to have policies that wouldn't necessarily work for the entire country.
Ok, make that "comparable to those in Saudi Arabia".
In the other thread it was suggested that the financial dealings in Luxembourg made a direct comparison with Australia inappropriate.
By whom? In the other thread someone also labelled use of tax breaks "money laundering", a blatant misuse of the term. So not everything that was suggested elsewhere withstands critical analysis.
When companies base their operations in Hong Kong to avoid Australian tax the solution is not to reduce corporate tax in Australia in a false effort at competing. The solution is to tax all companies in an appropriate manner to avoid having people like us left paying for their externalities.
Solution to what problem, sorry? If you consider the companies' use of offshore tax breaks a problem then reducing taxes in the locations where they operate will avoid the need to do that.
Don't think that you are one of the "better off" people that the Liberal party caters for. Your email address shows that you are one of the workers.
So what? If taxes are reduced then I either have cheaper goods or more money to spend. Good for the workers. Regards Slav This e-mail and any attachments to it (the "Communication") is, unless otherwise stated, confidential, may contain copyright material and is for the use only of the intended recipient. If you receive the Communication in error, please notify the sender immediately by return e-mail, delete the Communication and the return e-mail, and do not read, copy, retransmit or otherwise deal with it. Any views expressed in the Communication are those of the individual sender only, unless expressly stated to be those of Australia and New Zealand Banking Group Limited ABN 11 005 357 522, or any of its related entities including ANZ Bank New Zealand Limited (together "ANZ"). ANZ does not accept liability in connection with the integrity of or errors in the Communication, computer virus, data corruption, interference or delay arising from or in respect of the Communication.