Josh and 92780 others

[Josh and 92780 others @And92780]

@jamieoliver we made your ultimate vegetable lasagne. You weren’t joking mate! Massive effort but massive results. Thanks champion 😋

[Gavin Newsom @GavinNewsom]

The White House was built to serve the American people.

Tonight it was used to promote a company the President owns stock in, sell subscriptions, promote corporate sponsors, push Trump crypto, and enrich the President and his family.

The founders warned us about kings enriching themselves from public office.

They did not fight a revolution for this.

[David Pocock @DavidPocock]

Approximate passports costs:
🇨🇦 Canada = ~$170
🇬🇧 United Kingdom = ~$195
🇺🇸 United States = ~$180
🇳🇿 New Zealand = ~$225

Australian 🇦🇺 passport cost...$422

Passport fees and charges are expected to generate $1.12 billion for the 2029/30 FY. In the same FY, expected revenue for PRRT is projected to be $1.25 billion

[David Shoebridge @DavidShoebridge]

Spending billion more on AUKUS, silence on genocide in Palestine, Palantir contracts and spying on Australians - we have many questions! This week we will demand answers in Senate Estimates again and I'm not holding back.

[Australia Institute @TheAusInstitute]

This morning our co-CEO Leanne Minshull helped launch a public inquiry into AUKUS!

Australians deserve transparency and should not be asked to simply accept a project of this magnitude without scrutiny.
@leanneminshull #auspol

[Gerard Rennick @RennickGBR]

“Netflix posted $1.47 billion in revenue in Australia in 2025, $1.35 billion of which was sent overseas as “distribution fees” to its parent entities.

After its offshore fees, Netflix Australia had $119 million in revenue and $20 million in profit. It paid $16 million in income tax and paid a dividend of $41 million.

This allows them to transfer vast amounts of money abroad, very little of which is taxable in Australia. Netflix had an effective local profit margin of 1.4 per cent of its total Australian revenue.

“A distribution fee is paid by the company under this agreement, and the operating margin retained by the company is an arm’s length return in accordance with the Netflix Group’s transfer pricing policy,” the accounts say. There is no suggestion of wrongdoing by Netflix.”

••••••••••••••

Globalists often talk about tariffs and how bad they are for free trade, but you rarely hear them complain about reverse tariffs whereby multinational companies can send profits offshore at tax rates much lower than onshore tax rates.

Netflix has a local operating profit margin of 1.4% while their worldwide operating profit (see accounts in comments) was 28%.

Multinationals get away with shifting so much money offshore because of our tax treaties allow them by setting withholding tax rates well below the onshore company tax rate.

For example the withholding tax on royalties paid to the U.S. is just 5%. (See link below) Netflix can save 25% in every dollar it transfers offshore.

So 25 cents on $1.35 billion transferred offshore is $338 million in lost company tax to Australia.

To be fair to Netflix, some of the fees paid offshore should be offset by production costs but not at rate of 98.6% in the dollar. I.e 1.4% margin.

https://t.co/PeAaJW2pjF is the only party that understands transfer pricing.

We will apply a 25% withholding tax on all offshore payments that exceed the operating profit ratio of its worldwide entity.

[Josh and 92780 others @And92780]

@themongrelpunt Then he went home and punched his Mrs.

[Josh and 92780 others @And92780]

Wtf is happening?

[Josh and 92780 others @And92780]

@Tigers_of_Old Was cheering for the draw. Next best thing to both teams losing

[David Pocock @DavidPocock]

I don't think it's fair for the government to change the tax rules for Australians and Australian small businesses but rule out changing the tax settings for major multinational companies from data centres to the gas industry.

Australians deserve a fair return.

Go to https://t.co/dcjuwV1Hkk and join the call for a 25% tax on gas exports.

[Australia Institute @TheAusInstitute]

"We don't have a gas supply problem. We have a gas export problem.

“This is now the time to act.”

– @Nicolette_Boele

✍ Sign the petition calling on the government to tax the gas industry its fair share! 👇
https://t.co/Ear5mSTxY8

[Australia Institute @TheAusInstitute]

“Australia has never had a gas shortage. What we have is a gas export problem,” Dr Denniss said.

"A gas export tax would raise $17 billion a year which could be used to fund essential services for South Australians.”

Read the full media release ➡️ https://t.co/xd7kO5H7wX

[Australia Institute @TheAusInstitute]

Australia could raise around $17 billion a year with a 25% gas export tax, but the government is choosing not to.

@GrogsGamut examines Australia's gas giveaway, the post-budget meme-wars & the “death tax” scare campaign. #auspol

🎧 https://t.co/1U7snYBKdO

[Australia Institute @TheAusInstitute]

"Australians deserve to get a fair return on the export of our gas."

"Companies can export it...but they should be paying us 25% of whatever they get for that gas."
- Senator @DavidPocock 👏👏👏
#auspol

[David Pocock @DavidPocock]

Choosing Budget day, when almost all federal political journalists are literally locked in rooms without their phones or internet access, to release key reports into gambling & aged care wait times is not the level of transparency our community expects and deserves from government.

This is an age-old political tactic to “take out the trash” - releasing disappointing information under the cover of bigger news when people are distracted - needs to be called out.
https://t.co/3SwwzstMGF

[Australia Institute @TheAusInstitute]

“You know why the Norwegians charge their kids nothing to go to university?

“Because they tax the gas industry and they fund public services.”

– Dr Richard Denniss, co-CEO of The Australia Institute

✍ Sign to support a 25% gas export tax ➡️ https://t.co/TcWADNlw6G

[David Pocock @DavidPocock]

After 3 years, Labor decided to release their response to the Murphy Review into gambling harm - which unanimously called for a complete ban of gambling ads - on the one day of the year when most journalists in Parliament House are in budget lock up.

Labor have dismissed almost all the recommendations and put vested interests ahead of Australians.

As one Labor insider told @crikey_news, “That the life’s work of someone who was so loved and respected by everyone who knew her could get pissed up against the wall like that is devastating.”

I chatted to @7ampodcast about gambling reform and the Albanese Government putting gambling companies and vested interests ahead of the Australian people.
https://t.co/MiPVJ04Lyh

[Australia Institute @TheAusInstitute]

“Gas that is exported from this country should be paid for by the gas companies that export it.

"And a 25% gas export tax is the way to go.

"Australians deserve a fair return."

– Senator David Pocock

✍️ Sign to support a 25% gas export tax ➡️ https://t.co/7GTPWmSsD0

[Warren Gunnels @GunnelsWarren]

Can't stop thinking about Elon Musk, the wealthiest man alive worth $828 billion, spending $290 million to elect Trump, becoming $563 billion richer since Trump was elected and ending humanitarian aid that will lead to the deaths of 4.5 million of the poorest kids on the planet.

[Larissa Waters @larissawaters]

On Budget night tonight, an exclusive group of Australia’s 1% will pay $110,000 to dine with Labor’s inner circle.

The 1% pay a worker’s annual wage to sip champagne with the PM, while you read the news about NDIS cuts that pay for increased defence spending.

It’s cooked.

[Penny Allman-Payne @senatorpennyqld]

During the treasurer's budget speech tonight, Australia’s billionaires got $560,000 richer. While they're accumulating wealth for doing literally nothing, you’re working harder and harder and falling further behind.

Nothing in this budget changes that. It's time to tax the 1%.