Andrei.Hicks wrote on Apr 29
th, 2011 at 1:49pm:
mozzaok wrote on Apr 29
th, 2011 at 1:44pm:
Yes, a social contract.
Of course if there were someone who would happily earn hundreds of thousands of dollars FROM Australia, In Australia .
Just a point of order - the company who employed my nominal company in a NYSE listed company so it was not FROM Australia at all.
In fact Australians paid me nothing, they benefited from what I paid.
Hope that doesn't ruin your outlook there though.....
There is no reason that anyone should not minimise the tax they pay &/or maximise the benefits they obtain from the government, provided it is done legally.
Where I have some problems, is where Politicians (from both major party's) are too "compliant" to their constituentcy's requests and as a result, there are far too many loopholes in the system, which means that government taxes are lower than they should be and government expenditure is higher than it should be.
That said, so long as the system remains as it is, then people will minimise their tax & maximise the benefits!
Of course, that can have the effect of horribly distorting the system.