I was saddened when I heard on the news that good old Westpac, despite making billions in record profits, was looking at moving jobs offshore. And I was wondering what, if anything, could be done to stop jobs being hived off to India and all points cheaper on the map? Then I had an idea. So here it is Mr Swan if you’re listening…
Put a payroll tax on offshore job positions
I don’t know if this would work but it seems to me that to stop losing Australian jobs without whittling away the pay and conditons of Australian workers, we need to make overseas positions more expensive. If we taxed companies per head of offshore employee then this would be a less attractive option. What’s more it would swell the Treasurer’s coffers so he can fix our health system!
Anybody got any thoughts?
As I said, I’m no economist so there may be a very good reason why this wouldn’t work but I have a suggestion to make to Prime Minister Rudd and Treasurer Swan…
Why not cut petrol excise/tax instead of giving income tax cuts?
Everyone keeps saying how income tax cuts are inflationary; they also tell us that inflation is being fuelled (forgive the pun) by petrol prices which result in increased food prices, increased travel costs etc., etc. So why not cut the taxes on petrol instead of on income? That will make everyone’s money go further without resulting in higher prices which will push up inflation. And if inflation is held in check then interest rates won’t need to be increased.
Is there a good reason why this wouldn’t work?
I’m really interested to know if there is a reason this can’t be done or if someone thinks there is a reason why it wouldn’t work. I maybe naive but I can’t think of one