Discussion in 'Current Affairs' started by SpacePete, Sep 14, 2015.
Right on time:
Making it incredibly hard to start small businesses etc, trying to crush new business models, uber etc. Not bothering taxing big companies and just increasing taxes on individuals (I'm against taxes, but would prefer flat taxes that aren't designed to be avoidable by the rich).
They do tax big companies, eg BHP Billiton made an operational profit of USD8,670M before financial costs, their profit was USD8.056 pre-tax and they paid USD3,666 in taxes. That's nearly half of their profit gone in taxation, but when you compare it to revenue it's less than 10% tax on revenue. But revenue and profit are two different beasts.
That all seems quite bipartisan to me rather than a libs vs labs thing (although big industry subsidies would - overall - seem to be more of a lab thing than a lib thing).
Oops, wrong thread, gotta love phone posting
Separate names with a comma.