It is a bit rich a Fairfax publication calling the “super-rich” “tax dodgers”Â 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. Â Danya Levy and her panty waisting editor Mr Kemeys have rocks in their heads.
Let us use a crude application of income v assetsÂ 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? Â Go on, have a looskie at their accounts. Â Tax dodging? How about a company that has billions in net assets and pays how much in company tax?