Don't forget water taxes. For example, SA Water’s Annual Reports shows an average of around $300m pa is paid to the SA State government in ‘dividends’. That’s over $3bn in profits made by SA Water paid to the State Govt over the past 10 years.
Don't forget water taxes. For example, SA Water’s Annual Reports shows an average of around $300m pa is paid to the SA State government in ‘dividends’. That’s over $3bn in profits made by SA Water paid to the State Govt over the past 10 years.
The 'dividends' tax is not disguised at all. It is a straight out transfer of funds from SA Water to the State Government. Electricity taxes have also been introduced under the guise of 'privatization'. For example, again in SA, the government sold the SA Electricity Trust at a massively inflated (above market) price in exchange for a guaranteed return and approval for the new owner to increase electricity charges and fees. The high prices we now pay are just taxes the government received upfront at the time of the sale.
Bob Day
Don't forget water taxes. For example, SA Water’s Annual Reports shows an average of around $300m pa is paid to the SA State government in ‘dividends’. That’s over $3bn in profits made by SA Water paid to the State Govt over the past 10 years.
Absolutely! Often disguised as connection charges or service fees.
Bob Day.
The 'dividends' tax is not disguised at all. It is a straight out transfer of funds from SA Water to the State Government. Electricity taxes have also been introduced under the guise of 'privatization'. For example, again in SA, the government sold the SA Electricity Trust at a massively inflated (above market) price in exchange for a guaranteed return and approval for the new owner to increase electricity charges and fees. The high prices we now pay are just taxes the government received upfront at the time of the sale.