Aussie Businesses are becoming less competitive and with recession this problem has worsened. Its no surprise that Businesses are shutting down and scaling down operations. Unless Government takes some important action inclduing a reduction in Business Tax from 30% to between 20% to 25% these bad news will keep coming.
Feb. 18 (Bloomberg) -- The Australian and New Zealand dollars traded near two-week lows on concern slumping eastern European economies will exacerbate the global recession, raising speculation investors will dump riskier assets.
The currencies declined as commodities slipped the most in a month and crude oil, Australia’s fourth most valuable raw material export, fell below $35 a barrel in New York. A gauge of future economic growth in Australia declined for a second month in December and New Zealand’s Finance Minister said his country’s economy was shrinking for a fifth straight quarter.
I’m totally committed to making this campaign and “Reduce Tax Australia Tour” a grand success. But apart from obvious logistic problems the biggest problem that I’m going to face is Finances. I’m not a very rich guy, nor do I have some huge organization to back my campaign to fix Australia’s economic problems.
Apart from huge traveling costs (Air, Road, Rail and Water) I’d need money for accommodation, food, Internet, stationery, Video Camera, leaflets and spend whole of my time (almost 24/7) for the cause of Reducing taxes. Keeping all these factors in mind I believe I’d need at least $150,000 (average of $1000 per electorate) I know some constituencies are not very far off but at the same time there many which are and not to forget I will still have to pay my bills and would have no other source of Income to support myself.
$150,000 might look like a big figure but if every business in Australia chips in little bit then we can easily cross the line and I can set sail.
Every year businesses spend millions of dollars to make themselves heard on Television, radio, newspapers and through other lobby groups yet it can not provide the kind of Public awareness that my campaign can for a relatively small amount of money.
Apart from the tour, I’d love to have a proper website to support the cause and film the entire tour on Video camera and still camera so that it can be uploaded on internet for viewing by others and provided to Media groups for more publicity.
Once this campaign gets started, I’d like to spend time in contacting various newspapers, radio stations, news networks and inform them about the success of the campaign between each tour.
If this campaign really takes off and I’m well supported by the Industry then I’d like to continue it for a long period of time and I'm confident that eventually Australian Businesses will get a fair go in the community.
I’ve come up with a great idea to promote the cause of reducing business taxes in Australia. There are about 150 elected representatives in the Australian Parliament who are suppose to put our views in the parliament and so what better then to visit each one of them at their offices and present them with an open letter to reduce Business Taxes in Australia. This would mean more businesses can flourish and Australian economy can be back on its feet.
Yes, I’d like to visit each one of 150 MP’s at their electoral office thereby symbolically visiting every part of Australia. Australia is a huge country with miles and miles of never ending land but I’m confident that I can do it. I don’t think any one has ever done anything like this before and especially not for the cause of Reducing Business Taxes.
But I’m confident that if I’m able to achieve this feat it will go long way in reducing grossly high Business Taxes in Australia.
This unique adventure is sure to attract a lot of interest in Press and thereby create awareness among ordinary Australians.
The lastest ANZ jobs advertisement data shows that jobs advertisement fell by 6.3% in January which obviously points to less jobs available in the market for companies to advertise. You dont have to be an economist to understand that if fewer new jobs are being created then obviously it will hit some people and the unemployment will rise which is exactly what is happening.
I remember in early 2007, when all was good I was in-charge of a small company's marketing activities in Sydney and it was bloody hard to find new staff as the websites were full of new jobs and jobseekers had so many opportunities to consider but now it is impossible to find one decent job let alone have a choice?
Australian businesses are slugged with some of the highest Tax rates in the world. Australia has a flat business tax rate of 30% which is much higher than following countries:-
UK - 21% (starting)China- 25%Austria-25%Bulgaria-10%Uzbekistan-12%Slovenia-22%Belarus-24%Spain-25%Russia-20%Slovakia-19%Switzerland-13%Cyprus-10%Croatia-20%Czech Republic-21%Denmark -25%Estonia-21%Finland-26%Greece-22%Hong Kong-16.5%Iceland-18%Hungary 16%South Korea-13%Malaysia-26%Netherlands-25.5%Poland-19%
We should specially be worried about Singapore (18%- to be reduced to 17% next year), Malaysia (26%), China (25%), Hong Kong (16.5%) and Korea a mere 13% (starting tax)
These countries are Australia’s nearest competitor in Asia-Pacific and their reduced tax rates will affect Australian companies especially now that we are in worst recession of all times.
Similarly, Australian Government should learn something from Russia which is getting stronger day by day with a mere 20% tax rate thereby becoming an attractive destination for FDI’s. Why would people invest in Australia or build bigger businesses if close to 1/3rd of their profits are going to government?
Why is that Hong kong doing so well as compared to say a city like Melbourne?
Australia is going through worst crisis ever. Businesses are closing down, families are loosing their houses, students can’t find jobs and government has already reached deficit.
In every developed country, it is the businesses that play leading role in Nation building but unfortunately in Australia businesses have been sidelined by imposition of high taxes.When a Business is made to pay high tax it invariably passes onto consumers so in the end it is people like us who end up paying that Amount.We in this group call on all Political Parties, Consumer groups, Businesses Associations, Media networks and common everyday Australians to join hands and demand that Business Taxes should be reduced to save Australian economy from collapsing.
