Packer Parasite, aka Goanna, Carks it : Melbourne Indymedia

Yes it is a great late pressie for Chrissie to hear that
despite all their money
even the rich must die.
Best quote "any businessman who pays more tax than they have to is a fool" probably about 1c in the $ in this cae of the best corporate lawyers, money laundering casino scams etc.
At the inquiry into media ownership he ordered the Inquirer to get him a cup of tea (boy!)..
Inheriting wealth from his union busting Patriarch dad Frank we can only pray that his progeny will also depart the planet soon to spare us all any further episodes of their crap media showers of bullshit.
May Howard and cronies soon go to Hell with "the Goanna".
Note during the 1980s the comedian Max Gillies had his TV career ended when he did a caricature of "the Goanna" a media tycoon; also that it was not Packer's idea to have One day Cricket but his profiteering machine advisers he just got the kudos as the Boss

I'm tipping that that Big Kerry:

(1) employed more people
(2) paid more tax; and
(3) gave more to charity

than 'prole' has.

Or ever will.

Nice one someone!

"So Packer ``gave away'' some of the millions he stole. You bunch of sychophants. Packer had billions but paid proportionally less tax than you and me. No wonder he a bit of spare change to throw away. He lost more at the casino than he ever gave away.

"Introductory comments: Sun Herald Editorial Nov 14,1999:

Tax dodgers a fair target:

Who costs the country more: a tax dodger or a welfare bludger? Despite the fact that the bludger probably earns more disapproving headlines, we pay a far bigger price for the rorts of the rich aganist the taxation system....

Now read on about Mr no-tax Packer...
Of the fine art of staying ahead of the tax man.

by Ian McIlwraith, Herald Sun, 10th November 1999

Kerry Packer is fast earning a reputations as Australia's answer to Houdini when it comes to tax.

Whenever it seems Australia's richest man is liable to fork out a few million to the Australian Taxation Office, it never seems to happen.

Consolidated Press Holdings, the private company ultimately controlled by Mr Packer through a chain of local and overseas registered companies, has just posted a Au$1.25 billion profit for the 12 months to June 30 this year.

And it gets to keep it all - except $80 million or so in dividends paid to other companies of Mr Packer.

For the majority of people, the Pay As You Earn tax system means that our contributions to the ATO is levied before we even see the money.

And we still have to do a tax return to make sure we haven't been earning more money, like that $3.65 in interest on your savings accounts which the ATO also wants a slice of.

As Ray Regan of the National Tax and Accountants Association says, the average adult full-time salary is now $43,000 a year, which means that in a decade or so, the average earner will be on the top tax bracket and liable for GST on the balance.

Yet those earning vastly more seem to more able to minimise their tax liabilities.

Mr Regan says the system can be manipulated by people who can afford the best tax planners in the country.

Let's just take a minute to put the CPH point in perspective. It represents an earning rate of about Au$3.5 million every day - or $200 in the time it takes you to read this sentence.

Australia's four major banks have in the past year earned Au$7.18 billion - although that was after paying tax.

So, Mr Packer's private company is making money on a par with the likes of the Commonwealth and National Australia Banks - banks which have hundreds of shopfronts that we use every day.

CPH we see less of, although it does own 40% of Crown Casino, Channel Nine, and magazines like Australian Women's Weekly and Woman's Day through the public company Publishing and Broadcasting Limited.

Directly, CPH is also the owner of Hoyts group after a takeover worth more than $600 million this year. Yet it lists its major activities as "investment".

On the face of it, most people would assume Mr Packer's company CPH owed the ATO about $450 million based on the general company tax rate of 36%.

And CPH's accounts show it did have the notional liability, only it had ready-made excuses not to have to pay.

Unlike most companies CPH does not have conventional sales revenue. Instead almost all or $1.32 billion of its annual income of the $1.59 billion came in the form of dividends.

Many Australians are learning about dividends and tax as a result of taking up shares in Telstra and other public companies.

When those companies pay tax on their profit, they can give shareholders dividends which the ATO recognises as having had tax on them already paid.

CPH's latest accounts are basically saying that the tax on the dividends it receives has already been accounted for.

Mr Packer's group has, not surprisingly, the very best of tax advice. Sitting on CPH's board is John Cherry, a Sydney tax adviser with accountants Ernst and Young, who has an enviable reputation on the subject built up over three decades of specialisation.

Mr Cherry declined to comment on the CPH accounts, but did have a few things to say about Michael Carmody's'ATO.

Many will remember that the ATO and the Packer group have been warring in court over a corporate restructuring which the tax office claimed was an exercise in avoiding paying Au$260 million.

Mr Packer won when the Federal Court rejected the arguments and the ATO is still trying to get permission to appeal to the High Court.

"I am surprised he's spending taxpayers' money to pursue something the full Federal Court says is not... a tax scheme," Mr Cherry said.

It's not possible to verify whether tax was paid by CPH's subsidiaries before their dividends were paid to the parent because those smaller companies either do not have to file accounts here or are incorporated overseas.

According to one tax expert, the nearly Au$700 million in dividends from one CPH offshoot, Consolidated Press International, could have been money accumulated over a decade, not just one year - but only paid across to the parent this year.

That the ATO may still review the accounts and later decide it should be paying some tax on its profit is a matter of conjecture.

But CPH has been consistent in producing a zero sum tax bill. In 1997, it earned $229 million. Its tax provision was . Its tax provision was zero. In 1998, it made $385 million. Tax provision zero.

Next year?

Some things can, however, be concluded. CPH plainly is not avoiding tax, because that is against the law.

The ATO is determined to make large corporations pay their share of the tax burden".

If the government had the integrity to tax equitably no
australian would pay less than five cents in the dollar. Because the rich and morally decrepit consider this excessive the rest of us pay twenty five to thirty.

Good riddence
by Proletarian Vanguard Army (PVA) Wednesday December 28, 2005 at 12:25 AM

I was sickened to the point of wall to wall projectile vomiting by the sychophantic portrayal of this beast in the media. He was not a *philanthropist* as claimed by all the news reports. His tax avoidance sentenced people to death by underfunding the health system. The man was a vast waste of societies resources which he had disproportionate access to. My only regret is that he died before a death sentence could be carried out. The time will come when all of the parasitic class will end up in a mass grave where they belong.

I want to know where the funeral will be held - including the service - and I would like to see thousands of people attend with balloons, streamers and party music.

LET'S CELEBRATE!

Pamela Bone is dying of BONE CANCER!

Let's CELEBRATE THAT TOO!

LoL :D

Bone Cancer! That's funny ;p

Only on LoonyMedia is legally minimising your tax characterises as having "stole" millions.

Newsflash: The government, through taxes, takes away what is yours.

Got it?

Yours.

Your money.

Yours.

As the big man once said, the government doesn't spend YOUR money well enough to warrant donating more to them.If you're not minimising your taxes, you need your head read.

But I digress.

What the posters above have merely shown is simply their hatred for ayone who is wealthy.

Packer was never charged with any crime. His 'crime', according to the above, appears to have been to have made a buck.

And why the hatred?

Because the posters above do not have the skill, intelligence, drive, or guts to be able to make a buck themselves.

Piss off and go sell a copy of Green Left to a Che Guevara T-shirt wearing convert.

The rest of us have rejected your Marx-Nazi claptrap. As has the rest of the world.

Hey Winston, so Packer made a buck did he?
Seems to be he was born with an enormous silver spoon in his mouth and died with it. That's not progress.
Tax money is not yours. Without tax money the US military would never have been able to develop the internet, which gives us the benefit of hearing your ill-conceived garbage

Packer adoring apologists here's your theme song:

PRAISE BOSS WHEN MORNING WORK BELLS CHIME
PRAISE BOSS FOR BITS OF OVERTIME
PRAISE BOSS WHOSE WARS WE LOVE TO FIGHT
PRAISE BOSS FAT LEECH AND PARASITE
AH BOSS

That about says it all really...we gotta get rid of the rich...James Scientologist Packer (Jnr) Rupert dirty digger Murdoch, Bloody Bin Laden and their rich mates...
not just some of 'em each and every one of them parasites.

Humanity as a whole will not be happy uintil the last capitalist is hung with the guts of the last politician and shoved up the arse of the last scab.
You know it makes sense Only war to fight - CLASS WAR!

According to a leaked autopsy cause of death would appear to be RTCS. An ailment not uncommon among goal driven dealmakers Rotten To the Core Syndrome sufferers place the pursuit of cash above all other interests…

I would have attended Kerry's funeral... if they'd buried the bastard alive.

0800 Analysts Convinced Replacement Packer Utter Bastard

Following the honourable death of mogul Kerry Packer on Monday night, there were concerns the share price of Packer's Publishing and Broadcasting Limited would fall sharply when the Australian Stock Exchange reopened after the Christmas break yesterday. But fund managers appeared confident of a relatively smooth transition, and Channel Nine's business reports throughout the day stressed the network's owners would maintain the growth of PBL under the leadership of the replacement Packer.

After years of life-threatening illness including a heart attack in 2000 and kidney failure, Packer had reportedly informed doctors he did not wish to continue adding machines that go 'ping' to his permanent medical entourage. Despite millions of dollars spent sustaining Packer through a few additional years of life, Packer has decided declining quality of life is no longer worth maintaining.

On Monday a team of doctors kept Packer alive long enough for the magnate's son to return to Australia and farewell his dying parent. On Wednesday James Packer went back to work, assuming control of the multi-billion dollar Publishing and Broadcasting Limited group of companies.

Concerns for the future of PBL have centred on the importance of the role of the central figure in the family-controlled. James Packer has spent the past decade being groomed for his current role, and has taken an increasingly active part in the running of the company. But his heavy involvement in the collapse of the failed communications company One.Tel, after PBL and sometime rivals NewsCorp together funded the telecommunications venture to the tune of $1 billion, continues to undermine the reputation of the younger Packer. Reports Packer wept when he informed former News Limited chairman Lachlan Murdoch of One.Tel's problems during a meeting in Murdoch's kitchen have engendered further investor concerns James may lack the brutal will and iron soul of his father.

But when the share market opened yesterday at ten a.m, PBL's share price rose slightly before settling slightly lower. And Only one per cent (21 cents) of the stock's value had been shed in relatively heavy trading by day's end.

If concerns over James Packer's capabilities were that he might prove too soft or human to lead a multi-national corporation, the relatively small dip in PBL's stock today alleviated those concerns. The company's stability indicates significant investors are confident the replacement Packer will prove every bit the utter bastard his father always was.

Kerry Packer was famous for bringing Australian culture low with incessant appeals to the baser human instincts on his television network and with cheap, ugly magazines such as Women's Weekly that promised little and delivered less. But in recent years, the company had branched out more widely into the exploitation of human tragedy in the form of casino ownership.

Indications are that James Packer is prepared to shoulder the responsibility for destroying countless lives with gambling machines and continue cheapening Australian culture with the shallow, glossy fare available on Channel Nine and through the smutty magazines of Australian Consolidated Press.

I'm just hoping it was a horrible death... the maggot. He was a parasite. In a world where the underemployed and working poor have to pay taxes, he got away with murder.
A plague on his house!!!!!!!!!!!!!!!!!!!!!!!