Auspoll
“In this world,” Benjamin Franklin famously declared, “nothing can be said to be certain, except death and taxes.” A few hundred years on, corporate Australia seems hell-bent on making a liar out of him.
Death is still holding out -so no need to fear a business-suited army of the undead just yet—but the taxman has well and truly been given the slip, with billions of dollars from the public purse funneled through loopholes, lurks and perks.
Treasury figures have revealed that over the last decade more than half of all companies paid less than five per cent of their total income in tax: a far cry from the hefty amount individual taxpayers are slugged.
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