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AI Will Decimate Income Tax Revenue Downunder

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None other than James Packer, son of the great anti-tax champion billionaire Kerry Packer, is warning that AI will decimate tax revenue downunder. Why? It is because Australia depends upon the income tax from workers for the lion’s share of its tax revenue. AI has already started shedding jobs in middle management and the numbers are going to ramp up substantially very soon. The loss of hundreds of thousands of jobs to machines will impact the bottom line severely. Especially, as multinational corporations and rich people avoid paying tax in Australia.Continue Reading

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Big American Corporations Not Paying Their Fair Share Of Tax

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In: corruption, democracy, economics, Government, latest post, media, politics

We now know why the Big Tech oligarchs switched their allegiance to Donald Trump. It was all about the international effort to end Big American corporations not paying their fair share of tax in the countries they do business. Former US President Joe Biden had backed this initiative, as had Australia and Europe. Trump took the money from Google, Facebook, Amazon, Elon Musk and other tech giants backing his campaign and in return has bullied those nations who were attempting to get these corporations to pay their fair share of tax on the billions they generate around the world. The selfishness of these Americans knows no bounds.Continue Reading