MR TURNBULL LETS MULTINATIONALS

NOT PAY THEIR

FAIR SHARE OF TAX

Mr Turnbull’s plan means middle and working class families will pay more or miss out.

Out of Touch

Tax loopholes allow big multinational companies to send profits overseas and avoid paying tax here.

Australia’s Tax Commissioner Chris Jordan told a Senate Committee:

“Our Australian tax system is under fire from the actions of multinationals and large companies seeking to abuse it 1.”

The Australian Tax Office has revealed one in four big multinationals pay no tax at all in Australia 2 – not one cent. Not only that, Mr Turnbull has just given big business a $50 billion tax cut 2. You’re doing the right thing - why shouldn’t they?

Our tax system shouldn’t allow big companies to pay less tax just because it is harder to chase them. How much tax you pay shouldn’t be decided by how good a lawyer you have. But Mr Turnbull won’t make multinationals pay their fair share of tax.

Malcolm Turnbull is seriously out of touch. Malcolm Turnbull even says “tax avoidance is legal”. Malcolm Turnbull wants middle and working class families to pay more or miss out.

References:

  1. ATO Commissioner Chris Jordan, Senate Estimates

  2. ATO tax transparency report https://www.ato.gov.au/Business/Large-business/In-detail/Tax-transparency/Tax-transparency--reporting-of-entity-tax-information/

Compare the tax you pay and the tax some multinationals pay

Multinationals are not paying their fair share

Your effective tax rate

1.9%

Effective tax rate of a $6 billion multinational

The amount of tax you pay

THE TAX YOU WOULD PAY IF YOU HAD THE SAME TAX RATE AS THE MULTINATIONAL

TELL YOUR FRIENDS

Back

Maybe it’s because he’s never struggled to make ends meet …

Mr Turnbull won’t make multinationals pay their fair share of tax.

Malcolm Turnbull even says “tax avoidance is legal”.

… that he doesn’t care if Multinationals don’t pay their fair share of tax.

You’re doing the right thing - why shouldn’t they?

Mr Turnbull doesn’t mind spending money, he just won’t spend it on you.

You pay more, your family misses out.

That’s Mr Turnbull’s out of touch plan.

The Issues

Malcolm Turnbull is seriously out of touch.

Add your name today - so middle and working class families don’t pay more or miss out.