âLabor government should have the gutsâ to crack down on tax-shirking digital giants: Labor MP
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Digital behemoths such as Facebook and Google would be forced to pay more tax under a proposal from a Labor backbencher who wants an immediate crackdown on multinational corporations to help repair the federal budget.
Victorian MP Peter Khalil, a former security adviser to ex-prime minister Kevin Rudd, is suggesting either a tax on the revenue companies earn from selling personal data, a digital services tax or a tax on cash flow to force multinational corporate giants to pay more to the Australian government. He further believes these taxes would help pressure major corporates to support a global minimum tax rate, which could limit the use of offshore tax havens.
Labor government should have the guts to crack down on tax-shirking digital giants: Labor MP smh.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smh.com.au Daily Mail and Mail on Sunday newspapers.
We are astounded by the strength of the association. The following graph tracks the probability of partner violence reported by women against the share of a couple’s income earned by the woman. It clearly illustrates a link. It shows the likelihood of abuse increasing abruptly when a woman’s income is greater than that of her male partner. While the probability of abuse against women seems to go back down to baseline levels once women earn 80% of income, it’s important to note that our estimates become very imprecise because of the small sample size above 75%. Our data also sampled for incidence of emotional abuse, finding a marked 20% increase in frequency of reports from females in heterosexual couples in which female earnings were greater than male earnings.
Ireland
While youth unemployment has soared as huge swathes of the hospitality, tourism, retail and travel sectors have effectively shut down as a result of the pandemic, Ireland’s overall tax take has held up well thanks to one of the most progressive tax systems in the world. “It’s a classic K-shaped economy, where there’s a clear divergence between the real economy and the stock exchange,” says Liam Lynch, tax partner at KPMG in Dublin.
Nonetheless, the Irish government forecasts a 16.4% decline in total taxation revenue to €49.6bn in 2021, and a total government deficit of €20.5bn. Perhaps not surprisingly, Ireland’s budget for 2021 - the biggest spending budget in the history of the state - focused predominantly on COVID-19-related measures.
Property prices: LNP Senator Gerard Rennick calls for taxing gains on houses over $2m afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.