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@antipodean said in Tax rates:
@chimoaus It's hard to tax paper wealth.
No doubt, I guess I just struggle to hear the profits of the big banks being 14.4 billion and wondering if more of that should be redistributed to services and community.
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@antipodean said in Tax rates:
@chimoaus It's hard to tax paper wealth.
No doubt, I guess I just struggle to hear the profits of the big banks being 14.4 billion and wondering if more of that should be redistributed to services and community.
You're suggesting company tax should be greater than 30%?
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@antipodean said in Tax rates:
@antipodean said in Tax rates:
@chimoaus It's hard to tax paper wealth.
No doubt, I guess I just struggle to hear the profits of the big banks being 14.4 billion and wondering if more of that should be redistributed to services and community.
You're suggesting company tax should be greater than 30%?
No, that would be tough on all the small businesses struggling, I don't know what the answer is to be honest.
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@antipodean said in Tax rates:
@chimoaus It's hard to tax paper wealth.
No doubt, I guess I just struggle to hear the profits of the big banks being 14.4 billion and wondering if more of that should be redistributed to services and community.
You could buy some of their shares and it would get distributed to you.
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@antipodean said in Tax rates:
@chimoaus It's hard to tax paper wealth.
No doubt, I guess I just struggle to hear the profits of the big banks being 14.4 billion and wondering if more of that should be redistributed to services and community.
You could buy some of their shares and it would get distributed to you.
Hot Tip. Credit Suisse.
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@antipodean said in Tax rates:
@chimoaus It's hard to tax paper wealth.
No doubt, I guess I just struggle to hear the profits of the big banks being 14.4 billion and wondering if more of that should be redistributed to services and community.
Just nationalise them, wait a year or two and there'll likely be no profits at all and the problem of distributing the profits will vanish as well.
Tax rates