Writing in today’s Oz, John Durie (usually sensible) writes the following:
AustralianSuper, by way of example, paid $1.3 billion in tax last year.
No they didn’t. They didn’t pay a cracker. Investors in AustraliaSuper’s funds paid $1.3 billion in tax.
This is not TAFKAS engaging in persnickety pedantry. This is very important. Until we recognise who pays tax and who does not, the debate will continue to be distorted.