The Great Australian Swindle
The Great Australian Swindle
The Treasury plan to keep us poor so that our country can be taken over

Research background notes

For 44 years "Multinationals have paid little or no tax"
(ATO, Canberra - Jim Kilally, assistant Comm. Australian Tax Office S M Herald 28.1.1997)

This tax advantage enabled them to systematically take over Australian - owned companies, leaving us with insufficient tax to maintain essential services; forcing us to sell further assets, escalating unemployment. This is why we are in trouble.

Since Federation the Treasury has manipulated taxes to favor foreigners and to keep us poor by bestowing "naturalizing status" (their code word) on foreigners, giving them tax holidays and other benefits. Then in 1953 they recommended the Double Tax Agreement which allowed multinationals to pay little or no tax on their profit. This Bill was introduced to Parliament by Sir Arthur Fadden, which, at the time was vehemently opposed by the Hon Clyde Cameron AO. It was never publicized, and is still held under tight security.

It effectively wiped out Australian-owned companies leaving not enough tax volume to sustain our essential services and infrastructure. But more than this, it forced us to sell our assets to foreigners, making it impossible for us to finance our own future. This is being done by multinationals, who take the profit. We are lucky is we are getting wages, while they are taking $200 billion profit out of Australia - tax free - annually.

To cover up the extent of the foreign invasion the Treasury have manipulated the Australian Bureau of Statistics figures and they have also stopped the publication of vital information.

Thre Treasury reversed the role of the Foreign Inverstment Reveiw Board (FIRB) and further promoted the sale of our assets and the remaining Australian-owned companies. Corporate Australia is now 90% foreign owned.

Now the predicted decision of the FSI (Financial System Inquiry) allowing foreign banks and money lenders to manipulate rates signaling the loss of our homes, our farms, and the remaining Australian enterprise.

None of this swindle would have been possible had the Treasury not been able to control the media, which they have done since Federation.

This is economic warfare that we can quickly win now. The Double Tax Agreement Bill can be rescinded by Cabinet. Our politicians know the facts. The Treasury is not beyond the law.

This is roughly how your country will benefit

AUSTAND draws your attention to the fact that $200 billion ($200,000,000,000) foreign profit leaves Australia each year Tax Free. Every other country in the world taxes foreign enterprise profits.

A 25% tax would yield $50,000,000,000 or $$2,777 Annually for every man woman and child in this country.

The following scenario illustrates the effect this would have on any Australian community with a population of 33,000 people. Collectively, this average community is being deprived of $91,641,000 annually and the spin off between 350 - 400 jobs.

Each year this unfair advantage is allowed to continue it is costing each of these Australian communities the equivalent of:

50 additional Police at $40,000pa $ 2 Million
50 additional Nurses at $40,000pa $ 2 Million
50 additional Teachers at $40,000pa $ 2 Million
Hospitals and health care$ 20 Million
Ambulance service$ 2 Million
Fire service$ 2 Million
Daycare and kindergarten facilities $10 Million
Aged care facilities $10 Million
Roads and transport infrastructure $10 Million
Water storage $10 Million
Parks, gardens and conservation $1.6 Million
Education $15 Million
Recreation facilities $5 Million

(It can be argued where these proceeds could be best spent: $50 billion a year would go a long way towards reducing our national debt rather than selling public assets to service the interest of this debt).

It is essential that all politicians give an irrevocable undertaking to their constituents that they will treat, as a matter of national priority, legislation to tax foreign profits before the money leaves Australia.

AUSTAND is not aligned with any political party nor is it opposed to foreign investment per se. We will, however, continue to insist that Australian AND foreign owned companies are taxed EQUALLY and that the laws of equal opportunity and unfair competition are enforced.

AUSTAND Association Inc 11398 is a non profit organization active throughout Australia represented by experienced business people and primary producers. It is involved primarily in research and planning and has no political party affiliations or interest. Its priority is to return the wealth of Australia to Australians. AUSTAND

AUSTAND P.O. Box 173 Noosa Heads, QUEENSLAND 4567 Australia Phone / Fax (61) 07 5447 2943

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