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Strategies of tax evasion by the mega rich, and how we can return billions of lost revenue to the public purse episode artwork

EPISODE · Nov 14, 2024

Strategies of tax evasion by the mega rich, and how we can return billions of lost revenue to the public purse

from Think Again · host Jennifer with Andy Schmulow

Andy Schmulow, Associate Professor in the School of Law at the University of Wollongong, talks about the deliberate tax evasion strategies of mega rich corporations, robbing the public purse of much-needed billions of dollars. Meanwhile the Australia Tax Office (ATO) takes a softly softly approach to bringing these corporations to heel. In fact, Andy believes the ATO's approach could actually be encouraging corporate tax avoidance.Senator Barbara Pocock has described the situation as one law for the rich and well connected and another for the battling and intimidated. Certainly a different approach was taken to Centrelink recipients in the government's notorious 'Robodebt' scheme, and we seem to be at the beginning of NDIS 'crackdowns' in a similar vein.At the same time we are told that there are no funds to address the housing crisis, and other social necessities - and the climate crisis for that matter.ReferenceParliamentary Joint Committee on Corporations and Financial ServicesAction:Contact your local federal MP and Senator and tell them that this is a crucial issue and the recommendations from this report must be acted on.Find your local electorate and MPs

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