Idiotic OZschwitz billionaire hits out at Google over tax, wants government review

Billionaire Kerry Stokes says the government should review a regulatory environment in which the media group he controls, Seven West Media, competes against rivals such as Google that do not pay any tax here.

Idiotic OZschwitz billionaire hits out at Google over tax, wants government review Art-stokes-620x349

Idiotic OZschwitz billionaire hits out at Google over tax, wants government review Art-stokes-620x349

Mr Stokes told shareholders at Seven West's shareholder meeting in Sydney on Wednesday that it is unfair the group is one of the few media companies in Australia to pay tax, which totalled $100 million last year, as well as television broadcast licence fees, which do not apply to rivals like Google.

''I'm not being critical of Google, I think they are a fine company doing a good job, except I would like them to pay their fair share of tax, which should be greater than what we pay,'' Mr Stokes said. He called for a fresh look at the regulatory environment ''to help create a level playing field''.

Google's Australian arm paid just $781,471 in tax in 2011, despite an estimated $2 billion revenue from Australian ads.

Read more: http://www.smh.com.au/business/kerry-stokes-hits-out-at-google-over-tax-wants-government-review-20131113-2xgvh.html#ixzz2kbNpfUbH

Idiotic OZschwitz billionaire hits out at Google over tax, wants government review

Idiotic OZschwitz billionaire hits out at Google over tax, wants government review

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