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 …
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.
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.