Punters Politics Podcast
@punterspoliticspodcast·15.6K subscribers·103 videos
Unpacking Corporate Tax Dodging with Gerard Rennick: Why Politicians Won't Fix It
Posted
November 30, 2025
Views
20,672
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1,470
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656
November 30, 2025
20,672
1,470
656
10.28%
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27:23Now PlayingAhead of this year's election, former QLD Senator Gerard Rennick joined the pod to expose Australia's biggest corporate tax scam - multinational companies shifting billions offshore while paying virtually nothing here.With a Master's in Tax Law, Rennick reveals how Pfizer made $1.2 billion in Australia but shifted almost all of it to Ireland, costing us $200 million in lost tax.
He breaks down the specific loopholes corporations exploit, why Facebook's Australian profits end up in Dublin, and how foreigners can buy our companies and water rights without paying capital gains tax. Most frustrating of all? He's given both Liberal and Labor treasurers the exact sections of the Tax Act to fix - and they just brush him off. While punters pay more through bracket creep, corporate bludgers get richer and our politicians refuse to act.
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