It is glaringly obvious taxes collected in Australia are billions below budget forecasts, well short of what is needed to match spending and vastly inadequate to fulfil promises to repay the debt. This is clear from the debt blow-out of 43.3% since the last election, the flags going up on GST hikes and expert opinion.
So who is shirking? And who in Canberra is pretending not to notice? The Senate inquiry turned up a few clues. It found that Chevron Australia paid a tax fee of just $248 on $1.7 billion in profit one year. Senator Sam Dastyari reckons Chevron could be up for $3 billion in back taxes if court actions succeed.