Ashok Kumar Tewatia

Ashok Kumar Tewatia

I am a potential Independent For Burt in future elections. Fighting for a better future, especially for the most important yet vulnerable Kids, Youth, Women, and Elderly

Reforms in Taxation in Australia

A Better Plan for Fairer Taxation in Australia

1. Close Corporate Tax Loopholes

Mandate transparent reporting for large multinationals on how much they earn and how much tax they pay in Australia.
End aggressive tax minimisation through offshore havens and creative accounting.
Support an Australian Public Beneficial Ownership Register to identify the true owners of major companies and trusts.

2. Introduce a ‘Minimum Effective Tax Rate’

Ensure all large corporations pay at least a minimum effective tax rate on profits earned in Australia, no matter how many loopholes they try to use.
Penalties for non-compliance and tax-dodging schemes.

3. Lift the Pressure Off Families and Small Businesses

Simplify small business tax reporting and reduce compliance costs.
Raise the tax-free threshold to give low-income earners more breathing room.
Offer targeted tax credits or rebates for essential expenses like childcare, education, or energy bills.

Authorized By: Ashok Kumar Tewatia, 19 Ogilvie Way Harrisdale 6112, WA