Tuesday, Jan 14, 2020 at 00:38
But he would have had no choice but to pay full price for his fuel used on the road, and not be able to submit his claim for 16 cents a litre fuel tax credit, as farmers and truckies do.
Then he wouldn't have been able to claim the 41.8 cents a litre fuel tax credit for fuel used for farming purposes, either.
And he would've had to pay full licence fees for all his vehicles, and not receive
farm licence concessions.
In fact, he would've received no concessions of any kind - not even a pensioners concession. Concessions can really add up over the years.
He would've been paying GST on every single input into his business, from year 2000 - with no ability to get any of the GST repaid to him.
So there's more to it, than just the initial appearance of simple outright tax dodging.
If I was Graeme, I reckon I'd be visiting a good tax lawyer, not trying to present his own tax or secession arguments.
I'm sure Gina would be able to put him onto one, she was married to one.
The bottom line is, there's plenty of wealthy people and corporations out there, who believe paying tax is only for mugs, and who structure their businesses and income accordingly, through multiple tax havens and trust structures, so they only pay laughable amounts of tax.
Cheers, Ron.
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