Independent Media

Independent Media

Austerity, deficits and the tax the Coalition won’t collect

Australia’s uncollected corporate tax revenue almost exactly equals Australia’s annual budget deficit. Alan Austin reports. THE FACT THAT the Abbott-Turnbull Government has allowed extensive tax avoidance is now widely accepted. But how much tax revenue is bleeding? The answer is, almost exactly the same quantum as the $30-40 billion annual deficit. How do […]