Opinion

Letter: Joe Hockey's tax focus is wrong

OFF TARGET: One reader says Treasurer Joe Hockey’s suggestions to overhaul the tax system are unfair.
OFF TARGET: One reader says Treasurer Joe Hockey’s suggestions to overhaul the tax system are unfair. TRACEY NEARMY

JOE Hockey is quite right in saying that our tax system needs an overhaul and needs to be brought up to date in a modern and well-thought-out exercise.

Where we differ is when Mr Hockey starts to explain that we pay too much tax on income and that the consumption tax (GST) needs to be dramatically increased to keep our society and welfare system viable.

The brutality of Mr Hockey's first budget made it crystal clear who will be called on to do the paying and it certainly will not be the wealthy elite, who are treated like koala bears, (protected species) by the LNP when it comes to being asked to pay even a little towards the budget of the country where they receive their often ill-gotten incomes, with negative gearing and superannuation tax exemptions among the legal rorts available.

What Mr Hockey would have us believe is that income taxes are very high for higher income earners and companies in Australia compared to other similar countries, but a quick Google search reveals that our income tax rates are near the bottom of these lists, especially for corporate taxes and income from unearned investments such as superannuation.

What really is needed is to impose a fair rate of company tax of about 35%, and a progressive income tax rate from zero for workers earning under $50,000, up to 75% for the highest individual earners, with no concessions or exemptions.

Australians who choose to make their money in Australia and use tax shelters overseas, such as golfers, tennis players, mining magnates etc should be forced to pay their fair share, and if they fail to do so by residing in other countries, their citizenship should be rescinded, their assets and bank accounts frozen and paid into the federal coffers.

That would enable our country to maintain and improve our society, in a fairer and more equitable way rather than Mr Hockey's way that would continue the unfairness that has been the trademark of the LNP.

Topics:  federal treasurer gst joe hockey tax



Foodies' scavenger hunt: are you up for it?

IF YOU want to give your tastebuds the flavour sensations of a lifetime, here is the ultimate foodie’s scavenger hunt through Brisbane.

5 minutes with Israel Folau on footy, life and love

Israel Folau and Silver Fern netballer Maria Tutaia announced their engagement last last year.

WE CAUGHT up with football star and Brisbane ex-pat Israel Folau.

10 reasons to head to South Bank this summer

Head to the only inner-city beach in Australia!

South Bank has a ridiculous amount of fun things to do.

Five mammoth events you need in your life

No Caption

BRISBANE isn’t known for doing things by halves…

How to make your child's every dream come true...

Take a dip at South Bank in the inner-city beach.

‘I DON’T want to do fun things, Mum and Dad’… said no child ever!

How to do Eat Street the right way

Know where to start and where to end to avoid a huge food coma before you get to experience all the goodies!

EVERY Friday and Saturday night, Hamilton comes alive.

You can do WHAT in Brisbane?!

Talk about arriving in style! Take your pub crawl to the next level with a helicopter!

BET you didn't know you could do these things in Brisbane...

Severe heat, thunderstorms on way for Bundy

KEEP COOL: It's going to be hot and then wet in Bundy.

Rainfall to fuel hot, humid conditions

Landlord's nightmare: Maggots, faeces and garbage

Amanda Rehbein and Greg Snell were left devastated after they say tenants left rubbish strewn through their home and property.

Couple left with massive clean-up

CCTV shows toddlers opening pool gate

LUCKY ESCAPE: Juscinta Lewis is glad her children Zhii, 3, and Ziva, 5, are safe after they broke into the pool area on Thursday.

Granville mum shares her terrifying ordeal.

Local Partners

Chrissy Teigen likes her "soft" stretch marks

Stretch marks are no problem for Chrissy Teigen

Naomie Harris in the dark over Daniel Craig's future as 007

Naomie Harris has no idea if Daniel Craig will be returning as 007

REVIEW: Will Kasey Chambers' Dragonfly take off with fans?

Kasey Chambers’ new album Dragonfly gets 3.5 stars from Cameron Adams.

CHAMBERS is back with her 11th studio album.

Ed Sheeran wants Beyonce collaboration

Ed Sheeran wants to record a duet with Beyoncé.

Nicole Kidman squirms through questions on Keith

Nicole Kidman and Keith Urban

'God, you guys are personal ... that’s for him to talk about'

Mark Salling's child porn court date cancelled

Mark Salling's upcoming court hearing has been cancelled

By the water's edge

Secure your seachange

HOT PROPERTY: Money to spend on land, buildings

File picture.

Sale, leasing of industrial real estate picks up in Mackay

Bundy hotel on the market for a cool $8.5m

FOR SALE: The Burnett Riverside Motel has gone on the market, with a price guide of more than $8 million.

Premier hotel up for sale for more than $8m

Collapsed Coast company could owe up to $5 million

Staff, ATO, landlords among those out of pocket.

Ipswich block of dirt sells for $582 a square metre

JUST SOLD: A property on the Brookwater golf course sold for a record-breaking $612,000.

Property smashed 2007 record by close to $100,000

Ready to SELL your property?

Post Your Ad Here!