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forced to pay their fair share, and if they fail to do so by residing in other countries, their citizenship should be rescinded, their assets and bank accounts frozen and paid into the federal coffers.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



10 best street art spots to take an Insta selfie

IF YOU are in need of a few trendy new Instagram snaps, then get your phone and selfie-stick ready and head to Brisbane.

Where to find the best coffee

Strauss is known for its superb brew.

COFFEE snobbery is at an all-time high.

Theatre royalty graces Brisbane stage

Don't miss Charles Edwards in this incredible theatre performance.

WHEN acting royalty comes to town, you sit up and take notice.

Don’t go chasing waterfalls…find them on these drives!

The Scenic Rim is just one place nearby that you'll love.

BRISBANE isn’t all bright lights and city slickers.

Your boots are made for walking these tours

Brisbane Greeters tours are a great way to learn the local history of the city.

YOU don’t need a bike or bus for a seriously good tour of Brisbane.

Discover Brisbane’s laneway gems

Brisbane's laneways will surprise you.

NOT all of Brisbane City is as it seems…

Drink where the cool kids do this summer

There are a bunch of new bars open in Brisbane, make sure you're there!

CHECK out these new funky bars.

Queensland abortion push: Labor's last ditch bid

Premier Annastacia Palaszczuk and Deputy Premier Jackie Trad.

The LNP partyroom voted to reject the legislation

Bundy's got a new distillery

SPIRIT SHINES: The team behind Bundaberg's newest distillery and brewery, Rick Prosser (spirits), Michael Nash (sales/marketing) and Paul Mark (beer/cider).

Kalki Moon set to rise

Origin possibility for local lad

REVVING UP: Cowboys player Coen Hess (front) is tipped to be a rising Origin star.

Bundy's Coen Hess is receiving high praise, and for good reason

Local Partners

Oscars 2017: How did biggest award get stuffed up?

LA LA Land producer Jordan Horowitz has opened up on the mortifying moment on stage at the Oscars when he realised his film had not won Best Picture.

Lisa Curry can't marry her fiance

Lisa Curry breaks down in the jungle.

Lisa Curry says she can’t get married to her fiance

The true cause of the Oscars bungle

Faye Dunaway, left, and Warren Beatty present the award for best picture at the Oscars on Sunday, Feb. 26, 2017, at the Dolby Theatre in Los Angeles.

The Oscars ended with a moment that left everyone speechless.

HUGE OSCARS FAIL: Wrong film handed Best Picture award

Presenter Warren Beatty shows the envelope with the actual winner for best picture as host Jimmy Kimmel, left, looks on at the Oscars on Sunday, Feb. 26, 2017, at the Dolby Theatre in Los Angeles. The winner was originally announced as La La Land, but was later corrected to Moonlight.

IN A monumental stuff-up, La La Land incorrectly named Best Picture.

Blue Heelers' Ditch Davey joins 800 Words cast

Ditch Davey joins the cast of 800 Words as Terry, the younger brother of George, played by Erik Thomson.

George Turner's brother, Terry, arrives to Weld with a 'few demons'

Oscars winners 2017: Full list of Academy Award winners

Viola Davis accepts the award for best actress in a supporting role for Fences at the Oscars on Sunday, Feb. 26, 2017, at the Dolby Theatre in Los Angeles.

WHO won Oscars this year? Here’s a full list of every winner.

Why can’t Nicole Kidman clap properly?

Nicole Kidman's style of clapping has puzzled Oscars viewers.

FOR some reason, it seems Nicole doesn’t really know how to clap.

Casino boss loses $4m on waterfront Sunshine Coast home

The owner of this stunning Noosa home accepted much less than he had initially wanted for the home.

When illness struck owner forced to try and cash out of property

Mining homes dive: $600k homes sell for $120k-$300k

18 Yeates Street, Moranbah sold for $135,000 in December, after being repossessed by a bank. The owners bought for $545,000 in August, 2011.

The economy still has two speeds, but with a painful twist

Growing optimism in realty markets

Work on the gas pipeline at the Bundaberg Port.

Market shifting from buyers' market to vendor

Mackay's property market climbing like a Rocket Man

Renewed confidence in Mackay means more homes are being snapped up by those eager to plant their roots in the region.

There's movement in the real estate sector and it's all positive.

'Why we drove 800km to buy a treehouse with a disco ball'

The new owners have planned a few updates, but will stick with much of the original design.

A couple travelled almost 800km for the home of their dreams.

Ready to SELL your property?

Post Your Ad Here!