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Any Excuse for Cheap Thai Labor But Not Economics

Aussie companies use cheap Thai labor.

Companies betray Australia by moving offshore. It is amazing what they will say to justify such "job robbing" behavior. Executives even lie to themselves and never admit that the move is only to make more profit. Thai cheap labor economics

A case in point is the company Fibre King. This is a family business. Pat Boland, the joint managing director, says that the culture of Thailand was the reason to shift production to that country. This is absolute rot! economic cheap labor

He is going to fly in engineers to oversee Thai factory workers. No doubt, the Thai workers will be treated like slaves as their low wages dictate. The company will use the tried and proven colonial style system. Design and sales will be retained in Australia. This is 25 per cent of the workforce. The Thai "automatons" will slave away in the sweatshop in Thailand.

◆ Economics ◆

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AUSSIE COMPANY MOVES ON THE CHEAP

oz, cheap, companies, fibre, fibre king, king, labor, sales, thai, thailand, trade, unskilled, economics, excuse

Inquiry Into Tax Dodge by Tech Giants is a Lie Fest

It amazes me how people can blatantly lie, and continue to lie, when everyone else knows the truth. There is a Senate inquiry in Australia into big companies, mainly tech giants, avoiding tax that is owed to this country. Mr King, the head of Apple Australia strongly denies that the company is reducing its tax payments through questionable methods. Fair "crack in the door mate" we all know what is really going on. Is Ireland involved in these methods?

Apple and Google are the major companies targeted by the inquiry. Britain is planning to regulate to make them pay what is due there. Other countries are watching to see what Britain does. Of course, the easiest way to get money out of the tech megaliths is to introduce a revenue tax irrespective of profit, because it is profit that is being skimmed off subsidiaries by head office for non-existent services.

The Australian Tax Office wants its pound of flesh from internationals as it does from locals. Last year Apple paid $80m in tax from profit of $250m. Revenue was $6 billion. While this is a tax rate of 32 per cent, the profit margin of only 4.17 percent is highly suspect. Apple charges a fixed rate of 30 per cent on all app revenue in its App Store. Furthermore, it has huge income from sales of its own merchandise for which the profit margin is not widely known.

Mr King said that Apple would willingly enter into an agreement with the ATO. By saying this he clearly believes that he can choose not to follow Australian law. Apple's tax rate of 32 per cent seems reasonable at first glance when compared to Google Australia's rate of 15 percent. However, Google's profit margin of 13 per cent is more realistic.

Lastly, Mr King of Apple said that Australian app developers had made a fortune out of new apps. He fails to mention the gargantuan amount made by Apple from these. The guaranteed 30 per cent on all downloads is a money grab by any definition considering Apple has set this rate itself and it can easily raise it at any time, even for apps already available.

✴ Technology by Ty Buchanan ✴

http://www.adventure--australia.blogspot.com/

http://www.tysaustralia.blogspot.com/

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Create Your Own Country

Establish your own country. People have been doing this for decades. They pronounce kingship and plant crowns on their heads to rule in perpetuity. Don't laugh. These people are serious. Such "countries" have currencies made, issue stamps and visas, and even produce constitutions. People can become "citizens" on the Internet.

Why do they establish new countries? Some do it because they are fed up with the country they live in, others to highlight an issue of contention. Doing it just for laughs or getting an income from tourism is not uncommon.

Recently a meeting of micronations took place at a Sydney university. They discussed their place in The Lonely Planet Guide to Home-Made Nations. The meeting went well. There were Laughs aplenty. Just imagine how the leaders were decked out with flowing robes, scepters and crowns.

There is a problem, however. It is an illusion of independence. The "countries" are still part of the larger countries they are in. If the leader works, he/she has to pay income tax to the larger nation. Furthermore, a tiny new nation pays rates and land taxes to the local council.