Release: A global tax means more not less crony capitalism

Release: A global tax means more not less crony capitalism

The Australian Taxpayers’ Alliance, a grassroots advocacy group representing the nation’s taxpayers, today asked the Australian government to oppose the new OECD global tax.

“In our global world with monolithic corporations like Google, Facebook, and Uber people are tempted to ‘level the playing field.’” Said ATA Communications Manager, Emilie Dye. “But rather than pitting an international organization against business, we should allow for competition between businesses and between countries.”

 “On the one hand governments give special compensation to large corporations but then turn around and increase taxes in the name of fairness. We do not need the OECD doing the same thing; that is crony capitalism.

“Governments alone should craft tax policy with the sole purpose of funding themselves. The OECD is asking world governments to do so on a politicized notion of a leveled playing field.

“If Australia were to adopt this global tax, it would make Australia less competitive with foreign markets, hurting wages and consumers alike.

“Rather than imposing high taxes on corporations, Australia should cut regulations and lower the corporate tax rate so the small players have a fighting chance and international corporations choose to base themselves, and pay taxes, in Australia. 

“A global tax would eliminate rather than foster competition both between countries and between businesses. The world becomes a better place when countries compete to create freer and more prosperous marketplaces. In our global society big business are the consumers of economies. And small businesses are the beneficiaries of those good policies.

“If one state over regulated big businesses would leave taking jobs and big pocketbooks with them. A freer marketplace helps not only large corporations but also mum, pop, and blokes making a go of it with a business in their garage. And if those blokes have a good enough idea, Apple may have some competition to deal with. 

“The global economy is a win win situation for everyone, as long as presumptuous international organizations avoid picking corporate winners and losers. A global tax would destroy healthy competition between countries, a competition in which Australia has the opportunity to excel.”