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 Evil personified: The imminent release of a new OZschwitz muscled-up RETROSPECTIVE tax

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RR Phantom

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Evil personified: The imminent release of a new OZschwitz muscled-up RETROSPECTIVE tax Vide
PostSubject: Evil personified: The imminent release of a new OZschwitz muscled-up RETROSPECTIVE tax    Evil personified: The imminent release of a new OZschwitz muscled-up RETROSPECTIVE tax Icon_minitimeSun Mar 04, 2012 5:12 pm
The imminent release of a new muscled-up retrospective tax after pulling off legislation by media release to crack down on tax avoidance loopholes smacks of a desperate grab for cash by the federal government as it prepares for an election next year.

The Gillard government's obsession with raising money became palpable when powerbroker Mark Arbib, on his last day in political office, issued a media release warning of a change to the law on tax avoidance - effective immediately.

While it has long been known that the government's chief revenue collector, the Australian Tax Office, was concerned about the tax avoidance laws after losing a string of cases over the past couple of years that blew a $1 billion-plus hole in its budget, the rush to get these laws through without proper consultation speaks volumes about its motives.

Read more: http://www.smh.com.au/business/tax-net-cast-wider-in-effort-to-balance-budget-20120304-1uaxn.html#ixzz1oBlJ2cbs
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