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Panadol Osteo, government cuts and tax avoidance Obviously GlaxoSmithKline has seen an opportunity to increase its returns from an already highly profitable industry. Dont imagine however that we as community will benefit indirectly through increased tax revenue from this profit gouging. According to the Corporate Tax Transparency Report recently released by the Australian Tax Office, in 2012/13 GalxoSmithKline had sales of almost $1.5 billion in Australia. However its taxable income was only $57.9 million on which it paid tax of just under $12 million. GlaxoSmithKline: A tax avoider and a price gouger using the Turnbull governments attacks on people in chronic pain to further advantage itself at our expense. http://enpassant.com.au/2016/01/01/panadol-osteo-government-cuts-and-tax-avoidance/ _________________________________________________________ Full posting guidelines at: http://www.marxmail.org/sub.htm Set your options at: http://lists.csbs.utah.edu/options/marxism/archive%40mail-archive.com
