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2010-05-25

Who are telling the truth and who are telling lies?

Comments on Agencies “Ken Henry a gun for hire, say Coalition”, 25/05/2010, http://www.theaustralian.com.au/politics/ken-henrys-mining-tax-figures-cant-be-trusted-coalition/story-e6frgczf-1225870939831

The reports says “FEDERAL coalition MPs have unleashed a savage attack on the credibility of Treasury boss Ken Henry saying he can't be trusted on figures showing the amount of tax mining companies pay.
The federal government yesterday released a Treasury minute showing mining companies paid an effective company tax rate of just 17 per cent during the decade to 2004/05. That's 12 per cent below the average rate for all industries.
The minute was released after the opposition produced tax office figures showing miners paid an effective rate of 27.8 per cent.”

What is the real and hard truth?

Some report appears to say that Treasury used the figures from the US source.

It is unbelievable that mining companies could only pay 13-17% tax, if the company tax rates were 30 or higher.

Does that mean the ATO has not done its job properly?

Somewhere people are talking different things, and compare apples with oranges.

So both politicians and bureaucrats need to tell the true and should not spin for own particular purposes.

This has been a serious problem in Australia and Australian federal politics - very simple matters can be highly distorted and endless political spins can be generated to serve own political purposes, and with no legal constraints or punishment.


Democracy is decay, or the quality of politics in Australia is so incredibly low!

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