Why pay Tax?

Resmed, together with CSL and Cochlear , is often lauded as the best Bio-tech companies from Australia, which make their marks on the international scene.

I was a proud shareholder (albeit small!) of RMD and personally benefit from its wonderful performance in past decade. I actually felt sad when I decided to sell Resmed (& CSL too!) and reinvest sale proceeds to other junior biotechs/ tech start ups.

But not any more. I am glad I am not part of it ! While applauding another set of wonderful results from Resmed, no one seems to care about the tax issue ATO raised. As the Royal Commission on Banking/Financial institutions is still fresh on our minds, I think executives and shareholders alike (not just from Resmed or Big 4/AMP, but all companies) should reflect on corporate greed and social responsibility on our society as a whole.

I am not accusing anyone or company breaking the law here. In fact I am quite sure a lot of international companies have price transfer arrangement to legally minimised their tax liabilities around the globe.
But other than keeping us out of jail, does anyone still remember why we have to pay tax? I guess there will be many posters pointing their fingers at our overpaid politicians wasting our public money, while living in excess with perks taxpayers provided them ........... that's another can of worms for other time!

Good Night!