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What kind of society considers incarcerating children as young as ten years old, as is being contemplated by the current Queensland Liberals? What kind of society would endorse this instead of questioning why children are committing crimes, examining the reasons why and arriving at solutions?

The ATO’s report reveals that over 1,200 large companies paid no tax in 2022-23, primarily due to accounting losses or tax offsets. Despite increased tax revenue from mining sectors, 31% of entities reported zero tax. Nassim Khadem reports for ABC News.

Oxfam Australia’s 2024 “Inequality Inc.” report reveals a widening global wealth gap, with the wealth of Australia’s top three billionaires doubling since 2020, while 5 billion people have become poorer. Corporate monopolies significantly drive this inequality. Oxfam urges for fair taxation and investment in public services fight against inequality.

November 27, 2024 Article by Joe Montero for May Day VictoriaSee the original article on their website. Deloitte Economics has just warned that Australia’s government budget deficit will balloon to $33 billion by next year’s budget in May. In part, this is to pressure the government into cutting back spending. After all, Deloitte Economics, the British accounting giant, is very much of the corporate world. But one should not ignore that there may be something in what they are saying. Their new report on Australia predicts the biggest contraction in the financial system yet, excluding the covid pandemic period. This is…

In 2021-22, 102 Australian millionaires earned over $1 million but paid no tax, a rise from 66 the previous year. They claimed significant deductions, primarily through charitable donations. Analysts argue that the government should focus on closing tax loopholes instead of increasing taxes to ensure equitable contributions from high earners.