246 karma · joined June 18, 2020
The commission estimates its plan would deliver an estimated $15 billion boost to the economy.
While cashflow taxes have won support among academics, no country has introduced one to replace traditional company tax.
Proponents argue they are more difficult for large companies to avoid, particularly multinationals that may sell intellectual property or move debt between their international subsidiaries to reduce their overall tax burden.
Tech giants such as Apple, which in 2022-23 paid $141 million in tax on $481 million of taxable income despite reporting $12.6 billion of total income, and Amazon which reported $6.5 billion in income across four entities and paid $125 million in tax, meet their legal tax requirements in Australia.
https://www.theguardian.com/australia-news/2024/oct/11/the-b...
In Australia we have codified National Employment Standards which are strictly enforced. https://www.fairwork.gov.au/employment-conditions/national-e...
The only issue is some places now accept UPI payments only.
- Also no surge pricing. Pricing is fixed by a rate chart based on KM travelled.
The only issue right now is availability. From Delhi airport it is OK but when I tried to book one from the hotel to a friend's place the earliest availability was after 4 hours whereas Uber was 5 mins.
The promise was there:
"In an ideal world, blockchain might compress that T+2 settlement time to real time by allowing payments and ownership records to move simultaneously. A lot of the reconciliation and administrative processes taking place all day in broker and investor offices could be streamlined if everyone knew everything about an equity simultaneously."
But it seems part of the problem is vested interests and not technical.
"At the heart of ASX’s spectacular failure was the unsettling nature of innovation to all those market intermediaries: what the ASX saw as potential savings, registries and other companies profiting handsomely from clipping the tickets on trading and company actions saw as an attack on their revenue bases. Australian investors pay about $1 billion each year for registry services."
https://immi.homeaffairs.gov.au/visas/employing-and-sponsori...