Categories
Funny Stuff Tax Policy

Common sense test… There is none at Fairfax…

In another weak attempt at understanding the tax system Fairfax are arguing we get rid of the tax system and replace it with a common sense test.

They have tried every angle on why multinationals are naughty boys and failing at all of them, they are now arguing we should just use common sense at start taxing those naughty IT companies…

If they want common sense, try this…

What the anti google and amazon authors are arguing for is ridiculous. If my company writes an app called “Angry lefties” and it is only purchased from my website five times, once by a Uzbeki, once by a Syrian, once by a New Zealander, once by a Norwegian and once by a Canadian, according to their bleetings I should prepare five tax return in each of the five countries where the person decided to use my app (this is the only way Australia will get the share of the profits these Fairfax journalists want), rather than declaring my income where I am a resident, where I developed my app and claimed all my deductions for developing it… It is the classic problem of “journalists” not being able to see the comic practical conclusion of their ideas…

http://catallaxyfiles.com/2015/03/11/consumer-sovereignty-and-taxation/#comments