Qantas: $46 billion income, zero tax + Virgin may never pay tax + Tiger will never make a profit?

[rock86]

A company paying tax after its utilised its losses, how is this the headline?

The headline should be more about Joyce lobbying the government to lower corporate tax.

 

[Limewood]

I guess those huge award fees will reduce to CX & AA levels now they have made so much loot

 

[ethernet]

Contrary to proof, the man has a valid point. Google a book called the great British tax robbery to understand matters.The ATO got tough on Toyota, but as yet not Apple, even though the EU has found Ireland to be at fault.That said, airlines everwhere really never make a profit - except on routes with fixed pricing.

A 15% withholding tax on payments made to aircraft leasing companies in Grand Caymans would illustrate the point . If you have only made less than 2% profit on yur capital over say 10 years you should not be in business - unless there is leakage to arms lenghs interests (and just try proving ownership or control in a court of law). The solution is a discounted tax rate, only for those with FULL transperancy.