According to ATO Hoyts earned $417 milion in gross earnings yet paid NO tax in 2013/2014.
I know the article doesn't cover the detailed ins and outs, yet I feel annoyed especially in the light of anti piracy etc.
Hoyts? Didn't Pay Tax?
bhm133 on 22/03/2016 - 18:05
Last edited 22/03/2016 - 19:54 by 1 other user
Last edited 22/03/2016 - 19:54 by 1 other user
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Mcdonald's also paid no tax…. time to steal a cow.
Starbucks also…..time to steal a double decaf light-soy grande mocha latte.
Yeah ok, watch your cam version of Deadpool/Batman v Superman/Civil War/etc etc
You are actually hurting the people making the films more than the cinemas themselves. The people making a distributing the films don't dictate to Hoyts how they run their business. So you are essentially just making more problems.
Those poor movie stars, directors and producers who continue to break box office records year after year.
They really look like they're hurting.
Films are hugely profitable, more so than ever before. Box office revenue continues to climb and distribution has become much cheaper thanks to digital technology.
Yeah I agree the blockbuster films are killing it. I'm thinking of the filter on effect to smaller independent movies that won't get funding and then we are stuck watching Michael Bay blow up 15 cities in 30 minutes.
Title changed. I didn't intend to make a point for torrents. Just raise awareness.
no large companies pay tax, this has nothing to do with piracy
Of course Hoyts paid tax. They purchased food so they paid GST on it. They employed people so they paid payroll tax.
They purchased food so they paid GST on it.
Nope. This would be an input tax credit. moviegoers pays this tax.
They employed people so they paid payroll tax.
Actually Hoyts pay their staff a set amount of money (wage).
Their staff, if earning over the tax free threshold, pay a percentage of their own income to the government.
That's not Hoyts' money/profits they're losing, it's a percentage of their employees wages that are being paid to tax.
Can't exactly give Hoyts credit for that.Google what payroll tax is.
What you're talking about PAYG Withholding Tax, which is very different to Payroll Tax. Payroll Tax is an tax borne by any employer with a payroll of >$500k (give or take dependant on state location of employees)
Interesting, learnt something new.
Gross earnings and net earnings aren't the same thing. Gross earnings don't take into account costs. They probably ran at a loss which is why they paid no 'company tax'.
I wouldn't be surprised if they ran at a loss because they did most years I worked there in the 2000s.
Apple and Google dodge tax too, so are you going to steal a phone?