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Issue No. 295 | 17 February 2006 |
Please Explain
Interview: Court's in Session Industrial: Whose Choices? Politics: Peter's Principles Environment: TINA or Greener? History: Its Not Just Handshakes and Aprons International: US Locks out Jose' Bove Education: No AWA - No Job Culture: Jesus was a Long-Grass Man Review: Charlie the Serf
Conscience II - RU4 Aussie Jobs? Online Porkies Spark Class Action Captain Cook Discovers WorkChoices STOP PRESS - 262 Day Strike Set To Finish Memo Costa: Remember Your Roots Filipinos Pay for Packed House
The Soapbox The Locker Room Parliament
The Black GST
Labor Council of NSW |
News Millionaires Score Tax Break
Under the arrangements, all foreign workers will be exempt from tax paid on their shares and bank account payments. The Business Council of Australia campaigned for the exemption on the basis of attracting skilled workers to Australia, but the law will strongly favour those on large incomes. This comes hot on the heels of research showing chief executives earn more in a week than most workers make in a year. The average CEO in Australia trousers $3.4 million a year, 63 times the average for the rest of the workforce and six times more than they were earning in 1990. The research is based on salaries at the top 50 share market-listed companies whose CEOs are current members of the Business Council of Australia. Author of the research, John Shields from the University of Sydney, said the Business Council of Australia was saying one thing for lower paid workers, consistently arguing against substantial increases to the minimum wage, and another thing for execs. "These fellas can't lose," Shields told Sydney's Daily Telegraph. "It's heads I win, tails you lose - almost all the time." Australian Workers Union national secretary Bill Shorten said the figures were hypocritical in light of the BCA's support of the Howard Government's Work Choices changes. "The moral of the story coming from the big end of town seems to be "do as we say, not as we do'," Shorten said.
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