It is a bit rich a Fairfax publication calling the “super-rich” “tax dodgers” based on their income tax while looking at their net wealth.
Inland Revenue has found only half of wealthy individuals worth more than $50 million each are paying the top personal tax rate, despite Government moves to combat tax avoidance.
Actually it is hilarious. Danya Levy and her panty waisting editor Mr Kemeys have rocks in their heads.
Let us use a crude application of income v assets in interpreting just who is “dodging” tax.
Fairfax made an A$2. 7 billion loss last year.
It has net assets of A$2,042,677,000
How much tax has it paid? Go on, have a looskie at their accounts. Tax dodging? How about a company that has billions in net assets and pays how much in company tax?