D Wallace, Suffolk Park
Jordan Condo, spokesperson for Stayz, says illegal holiday letting will be penalised and jobs lost if Byron Shire Council applies the law and prosecute (Echo July 12).
The Echo should have asked Mr Condo why the parent company of Stayz, US multinational giant Expedia, appears to have paid only $976,000 in tax in Australia in its last financial report. Has income Expedia earned in Australia been moved off shore?
AirBnB is worse with apparently no income declared in Australia. In fact they don’t even bother to submit financial reports. With both companies no GST was paid.
This information comes from respected investigative financial journalist Michael West who presented his findings about multinationals to the Senate Inquiry into Corporate Tax Avoidance in early July. Mr West followed the paper trail created by these multinationals. Further information about the dodgy tricks used to cheat the public out of billions of dollars of tax revenue by the tax cheating and rorting multinational corporations can be found on Michael West’s website.
Mr Condo should have been asked how much corporate tax and GST has been paid by Stayz to the Australian Taxation Office in the past financial year. Thousands of families negatively impacted by illegal holiday letting would be interested in this information.
Federal government says that it has clawed back 1 to 2 $billion in tax owed by multinationals. A lot more needs to be clawed back.
How many more schools, hospitals and other infrastructure could be built in Australia if the multinational tax rorters were ethical and paid their fair share of tax? How many more jobs would be created?