Welcome to the Australian Ford Forums forum.

You are currently viewing our boards as a guest which gives you limited access to view most discussions and inserts advertising. By joining our free community you will have access to post topics, communicate privately with other members, respond to polls, upload content and access many other special features without post based advertising banners. Registration is simple and absolutely free so please, join our community today!

If you have any problems with the registration process or your account login, please contact us.

Please Note: All new registrations go through a manual approval queue to keep spammers out. This is checked twice each day so there will be a delay before your registration is activated.

Go Back   Australian Ford Forums > General Topics > The Pub

The Pub For General Automotive Related Talk

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old 25-09-2015, 03:05 PM   #1
csv8
FF.Com.Au Hardcore
 
csv8's Avatar
 
Join Date: Dec 2004
Location: Central Q..10kms west of Rocky...
Posts: 8,324
Exclamation VW Doubles Sales Pays Less Tax..ATO Please Explain....

"As one of the world's largest automakers, we bear a special responsibility for the environment and for humankind, and we intend to put our creative powers to good use." Volkswagen Sustainability Report, 2014.

The German automaker admitted last week as many as 11 million diesel VW vehicles worldwide had deliberately been fitted with "defeat devices", software to allow its cars to cheat pollution tests.

A week has passed and it is yet to outline how many VWs and Audi diesel models may be affected in Australia. Has Volkswagen, as majestically heralded in its Sustainability Report, put its creative powers to such good use in the field of accounting and tax?

An assessment by Fairfax Media and University of NSW accounting academic Jeff Knapp found that over the past eight years the group's economic activity in Australia has doubled while its income tax contribution has fallen.
Advertisement

"The ATO needs to start explaining how this company can double its sales and pay less tax," says Knapp. "In 2007 it sold 28,000 cars (passenger, commercial vehicles and Skoda) and paid $11.8 million in tax. Last year, it sold 57,000 and paid $9 million in tax."

Volkswagen has been one of the great success stories in the Australian car market. Audi and Porsche too, ultimately controlled by the same ultimate parent company as Volkswagen, have also sold very well, and been paltry tax payers too."
http://www.brisbanetimes.com.au/busi...24-gjuhmh.html
__________________
CSGhia
csv8 is offline   Reply With Quote Multi-Quote with this Post
 


Forum Jump


All times are GMT +11. The time now is 01:56 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Other than what is legally copyrighted by the respective owners, this site is copyright www.fordforums.com.au
Positive SSL