{"id":5443,"date":"2012-09-12T22:36:19","date_gmt":"2012-09-13T02:36:19","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=5443"},"modified":"2012-09-12T22:36:19","modified_gmt":"2012-09-13T02:36:19","slug":"mark-the-graph-tax-chartacular","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/12\/mark-the-graph-tax-chartacular\/","title":{"rendered":"Australia: Company tax payments down almost 40%"},"content":{"rendered":"<p>David Uren from The Australian, as quoted by Mark the Graph:<\/p>\n<blockquote><p>Last week&#8217;s national accounts show company tax payments have fallen from an all-time peak of 6.2 per cent of gross domestic product in 2007 as Peter Costello delivered his last budget, to just 3.8 per cent in the June quarter. This is the lowest share since September 1996, when Costello delivered his first budget. It is less than during the global financial crisis and erodes all the gains in corporate taxation tapped by both governments to finance personal tax cuts, increased family benefits, higher pensions, greater education spending and much more during the past 16 years. No wonder the budget is in deficit.<\/p><\/blockquote>\n<p>View some great charts from the National Accounts at <a href='http:\/\/markthegraph.blogspot.com.au\/2012\/09\/tax-chartacular.html'>Mark the Graph: Tax chartacular<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>David Uren from The Australian, as quoted by Mark the Graph: Last week&#8217;s national accounts show company tax payments have fallen from an all-time peak of 6.2 per cent of gross domestic product in 2007 as Peter Costello delivered his last budget, to just 3.8 per cent in the June quarter. This is the lowest &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/12\/mark-the-graph-tax-chartacular\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Australia: Company tax payments down almost 40%&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,5],"tags":[765,1524,1801],"class_list":["post-5443","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-economy","tag-company-tax-payments","tag-gdp","tag-income-tax-payments"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Australia: Company tax payments down almost 40% - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australia: Company tax payments down almost 40% - the patient investor\" \/>\n<meta property=\"og:description\" content=\"David Uren from The Australian, as quoted by Mark the Graph: Last week&#8217;s national accounts show company tax payments have fallen from an all-time peak of 6.2 per cent of gross domestic product in 2007 as Peter Costello delivered his last budget, to just 3.8 per cent in the June quarter. This is the lowest &hellip; Continue reading &quot;Australia: Company tax payments down almost 40%&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/12\/mark-the-graph-tax-chartacular\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-09-13T02:36:19+00:00\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/12\/mark-the-graph-tax-chartacular\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/12\/mark-the-graph-tax-chartacular\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Australia: Company tax payments down almost 40%\",\"datePublished\":\"2012-09-13T02:36:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/12\/mark-the-graph-tax-chartacular\/\"},\"wordCount\":129,\"commentCount\":10,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"keywords\":[\"company tax payments\",\"GDP\",\"income tax payments\"],\"articleSection\":[\"Australia &amp; NZ\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/12\/mark-the-graph-tax-chartacular\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/12\/mark-the-graph-tax-chartacular\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/12\/mark-the-graph-tax-chartacular\/\",\"name\":\"Australia: Company tax payments down almost 40% - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"datePublished\":\"2012-09-13T02:36:19+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/12\/mark-the-graph-tax-chartacular\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/12\/mark-the-graph-tax-chartacular\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/12\/mark-the-graph-tax-chartacular\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Australia: Company tax payments down almost 40%\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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Consumption growth (orange) is now close to zero and likely to fall further as savings are depleted. Fiscal drag -- caused by inflation pushing households into higher tax brackets -- has caused a sharp\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Household Income","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/household-income-and-consumption.gif?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/household-income-and-consumption.gif?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/household-income-and-consumption.gif?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":20726,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/06\/12\/australia-further-stimulus-needed\/","url_meta":{"origin":5443,"position":1},"title":"Australia: Further stimulus needed","author":"Colin Twiggs","date":"June 12, 2020","format":false,"excerpt":"NAB's May business survey gives an insight into how the economy is faring: \"By industry, the largest impact has been on the recreational & personal services industry where almost 60% of respondents have seen a major negative impact. Around a third of respondents in construction, retail, finance, business & property\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15139,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/04\/11\/consider-republicans-tax-plan-ross-garnaut\/","url_meta":{"origin":5443,"position":2},"title":"Consider Republicans&#8217; tax plan | Ross Garnaut","author":"ColinTwiggs","date":"April 11, 2017","format":false,"excerpt":"From Patrick Hatch: \"Our existing tax base for the corporate income tax is in deep trouble,\" Professor Garnaut told the Melbourne Economic Forum on Tuesday. \"It's subject to egregious avoidance or evasions, with two of the main instruments of avoidance being arbitrary use of interest on debt to reduce taxable\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2369,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/26\/europes-last-best-chance-michael-boskin-project-syndicate\/","url_meta":{"origin":5443,"position":3},"title":"Europe\u2019s Last Best Chance &#8211; Michael Boskin &#8211; Project Syndicate","author":"ColinTwiggs","date":"November 26, 2011","format":false,"excerpt":"Reforming social-welfare benefits is the only permanent solution to Europe\u2019s crisis. One hopes that, with the help of national governments, the European Central Bank, the International Monetary Fund, and the European Financial Stability Facility, the holes in the sovereign-debt-funding dike will be temporarily plugged, and that European banks will be\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13938,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/10\/big-government-doesnt-kill-growth\/","url_meta":{"origin":5443,"position":4},"title":"Big government doesn\u2019t kill growth???","author":"ColinTwiggs","date":"August 10, 2016","format":false,"excerpt":"I take issue with this article published in Macrobusiness: Sorry Coalition, \u201cbig Government\u201d doesn\u2019t kill growth By Leith van Onselen During the Federal Election campaign, Labor\u2019s shadow treasurer, Chris Bowen, confirmed that the overall tax burden would hit 24.8% GDP by 2026-27 under Labor, up from 23.5% in 2019-20: Mr\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"ScreenHunter_14443 Aug. 10 08.40","src":"https:\/\/i0.wp.com\/www.macrobusiness.com.au\/wp-content\/uploads\/2016\/08\/ScreenHunter_14443-Aug.-10-08.40-397x660.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":12973,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/03\/13\/axe-negative-gearing-for-a-healthier-property-market-saul-eslake\/","url_meta":{"origin":5443,"position":5},"title":"Axe negative gearing for a healthier property market | Saul Eslake","author":"ColinTwiggs","date":"March 13, 2016","format":false,"excerpt":"Thanks to Ody for posting this on IC forum. I feel it is worth repeating here because of the current debate around negative gearing. Axe negative gearing for a healthier property market Apr 25, 2011: Saul Eslake The property market would look a lot healthier without it, writes Saul Eslake.\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=5443"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5443\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=5443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=5443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=5443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}