One of the certainties in life is that you have to pay your taxes. We all pay our fair share.
So why should big multinational companies be any different?
Did you know that right now in Australia companies are shifting their profits overseas to avoid paying their fair share of tax?
It’s BIG MONEY too. In 2012-13 companies shifted more than $300 billion from Australia to overseas companies.
It’s even worse when you think about the fact that these taxes could have been spent on things like our schools and hospitals. Things that the Government are cutting back on right now.
Worse than that, the Liberal Government handed back $1 billion to multinationals in their last budget – while cutting pensions and asking students to pay more for a degree?!
We think there is a better way. Labor has released our plan to stop multinational tax avoidance by shutting down the loopholes that allow these companies to send their profits overseas.
But what do you think?
For me, paying tax is the price we pay for a fair society with healthcare, education and support for the disadvantaged. That’s why it’s so important that everyone contributes.
You can find out more about our policy on multinational company tax here.
Thank you for your support,
Senator Sam Dastyari