{"id":12748,"date":"2021-08-31T05:15:11","date_gmt":"2021-08-31T05:15:11","guid":{"rendered":"http:\/\/www.16news.com.au\/?p=12748"},"modified":"2021-08-31T05:15:11","modified_gmt":"2021-08-31T05:15:11","slug":"harvey-norman-makes-record-profits-as-inequality-soars","status":"publish","type":"post","link":"http:\/\/www.16news.com.au\/index.php\/2021\/08\/31\/harvey-norman-makes-record-profits-as-inequality-soars\/","title":{"rendered":"Harvey Norman makes record profits as inequality soars"},"content":{"rendered":"

Harvey Norman\u2019s record profits show the need to make big corporations and billionaires pay their fair share of tax, the Greens say.
\n\u201cHarvey Norman is making super profits while millions of workers are trying to make ends meet in lockdown,\u201d Greens Economic Justice spokesperson Senator Nick McKim said.
\n\u201cPaying back some of the JobKeeper they took is a drop in the bucket compared to the massive dividends Gerry Harvey has paid himself and other shareholders.”
\n“Harvey Norman only paid back part of JobKeeper, and only after being publicly named and shamed.”
\n\u201cThis is why we need to know which companies got JobKeeper and how much they got, and to legislate to force profitable companies to pay it back.\u201d
\n“The Australian Greens have tabled the\u00a0Ending Jobkeeper Profiteering Bill<\/a>\u00a0which would achieve these things, and is currently before a Senate Committee.”
\n“Gerry Harvey pocketed $137m in dividends last financial year.”
\n“That Gerry Harvey is able to accumulate so much wealth in the middle of a pandemic shows just how broken Australia\u2019s tax system is.”
\n“One in three big corporations pays no tax at all, and billionaires are accumulating obscene levels of wealth.”
\n“We need a billionaires tax to make the mega rich pay their fair share.”
\n“And we need a corporate super profits tax to stop mega corporations from draining life out of the economy to enrich their shareholders.”
\n“Making our tax system fairer would allow us to fund things like real climate action, dental into Medicare, affordable housing for everyone, an increase in Jobseeker to $80 a day and free childcare.”
\nHarvey Norman\u2019s Results:<\/strong>
\nCompany<\/strong>
\nNet profit (after tax): $841m
\nDividends: $436m
\nG. Harvey<\/strong>
\nDividends: $137m
\nJobKeeper<\/strong>
\nParent company (paid back): $6m
\nFranchisees (not paid back): $14.6m<\/p>\n","protected":false},"excerpt":{"rendered":"

Harvey Norman\u2019s record profits show the need to make big corporations and billionaires pay their fair share of tax, the Greens say. \u201cHarvey Norman is making super profits while millions of workers are trying to make ends meet in lockdown,\u201d Greens Economic Justice spokesperson Senator Nick McKim said. \u201cPaying back some of the JobKeeper they … Continue reading “Harvey Norman makes record profits as inequality soars”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-12748","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/12748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=12748"}],"version-history":[{"count":0,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/12748\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=12748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=12748"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=12748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}