Date: Mon, 16 Feb 1998 10:15:27 +1100
From: Global Web Builders <firstname.lastname@example.org>
Subject: SINCE 1953, "MULTINATIONALS HAVE PAID LITTLE OR NO TAX"
SINCE 1953, "MULTINATIONALS HAVE PAID LITTLE OR NO TAX" by AUSTAND
Multinationals have paid little or no tax
Austand extracts from Scott Balson
16 February 1998
"As we now know, a minimum of $200 billion profit leaves Australia each
year - tax free (estimate ABS, Austand). In Japan multinationals pay 52% tax on
profit (KPMG). Transnationals have been, and are being given, a free ride.
To cover up the extent of the foreign invasion the Treasury has manipulated
the Australian Bureau of Statistics figures, and has also stopped the
publication of vital information - stopped publication of foreign ownership
figures in the corporate sector from 1986-87. (The latest available figures
on foreign ownership in other countries are: UK - 10.5%, USA - 10.3%,
Japan - 2.1%, EU - 3.5% and Australia - 90%).
"The ultimate goal of our Treasury is to hand the Australian economy over to
the IMF, and in turn, the WTO - both backed by the World Bank. These
organisations appear to be a part of the United Nations, but as they are
commercial organisations with no responsibility to any government or
community, and concerned only with making money, this could hardly be the
case. One must ask the question what is the IMF going to do for Australia
that Australia cannot do for itself, since we have the assets, and all we
need is time to straighten out the disaster that we have just outlined.
"The (Australian) media has always been controlled by foreigners. That is
evident by the fact that many newspaper owners and senior editors have been
knighted in the past. So the Treasury has been accustomed to involvement in
media activities. The great majority of our media has fallen into foreign
hands and therefore this research will have to be communicated by word of
mouth or minor media facilities.
"Since Australians are currently paying 91% of the tax in the country, it
shows clearly what the foreign corporations are getting away with - courtesy
of the Treasury. To establish this figure we used the Australian Financial
Market Report which revealed a turnover in the country of $33 trillion. And
2 per cent of this produces the figure of $660 billion. This proves beyond
any doubt that Australia can be very wealthy in two years, and also proves
that our Treasury has been misleading our politicians."
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