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Airlines pay insufficient usage charges for YSSY

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Airlines pay insufficient usage charges for YSSY

Old 9th Dec 2016, 08:48
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Airlines pay insufficient usage charges for YSSY

I am very concerned to note that, according to these figures: Who pays what? ATO names large companies that paid zero tax in 2014-15 - ABC News (Australian Broadcasting Corporation), Sydney Airport Limited is paying no tax on income of about $1.1 billion (yes: that's a "b".)

This can't be correct. Usage charges for YSSY should be increased to ensure that Sydney Airport Limited makes a profit.

The struggling bloated leaches on the body politic that have a 40 year monopoly on RPT airports in the Sydney basin must surely be able to make a profit by sucking airlines and passengers dry for use of what's an international joke.

Sorry: Did I say that out loud? I meant to say that any company that can't make any taxable income out of a monopoly asset is run by incompetents.

Whoops: Did I say that out loud as well? What I meant to say is that we should bless and thank the altruistic work of those who continue to run YSSY on a not-for-profit basis. Charities of this kind are essential to the functioning of Australia's third world aviation system.

Message to the major political parties: This shit is why so many Australians are over it.

Last edited by Lead Balloon; 9th Dec 2016 at 20:04. Reason: Changed 1.8 to 1.1
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Old 9th Dec 2016, 09:53
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Originally Posted by Lead Balloon View Post
Sydney Airport Limited is paying no tax on income of about $1.8 billion (yes: that's a "b".)
Don't forget it used to be owned by Macquarie Bank, no doubt it has been loaded up with debt (financed by Macquarie Bank), with all the proceeds going to Macquarie Bank and all the "profits" are being eaten up by interest charges.

SACL is little more than a Macquarie Bank management company to funnel all the profits back to the mother ship.
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Old 9th Dec 2016, 10:39
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Maybe an obvious question, can i do a touch and go on my c182 at mascot? If so, what will they charge me?
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Old 9th Dec 2016, 11:36
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Styx 75

Last time i looked, that info is available in ERSA.

It's the Airservices charges that are somewhat harder to fathom.
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Old 9th Dec 2016, 11:40
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Message to the major political parties: This shit is why so many Australians are over it.
Lead Balloon you are absolutely and completely correct.

Australians need to call a National strike which will continue until a new Federal election is called with the only stipulation being that none of the worthless, useless bastards currently in parliament are eligible to run for re-election.

Unless we get rid of the current crop of moronic oxygen thieves Australia is stuffed.
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Old 9th Dec 2016, 12:27
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Strangely enough, Qantas with an income of $15.5 billion (with a b) and Virgin with an income of $4.5 billion (again with a b) paid no tax either. Must be a tough gig that aviation lark. Or perhaps that sort of money just buys you better accountants than you and I can afford.

ps From that link Sydney Airport was $1.1, not $1.8.

Last edited by Traffic_Is_Er_Was; 9th Dec 2016 at 12:45.
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Old 9th Dec 2016, 13:02
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Traffic_Is_Er_Was is correct with Sydney Airport's total income.

A mere $1,176,161,050.

I wonder if Dick might donate a few dollars to help put them into profitability?

(I have to boast about a win that I had there, the other day. I needed to pick up a couple of friends from the International Terminal. So I arrived early to explore the Express pick-up arrangements which are free for 15 minutes. Then headed over to Domestic Terminals for a coffee at McDonalds and parked for free. Once my friends informed me that they had cleared Customs, I headed over. My carpark costs? Zero.)
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Old 9th Dec 2016, 20:03
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$1.1, not $1.8.
Whoops.

Thanks. Typo now fixed.
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Old 10th Dec 2016, 10:00
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Interestingly the holder of the lease on KSA resides in the Bahamas.

I'm sure I read the Airports Act prohibited a foreign entity or trust from owning
an Australian airport....A Super fund is a trust...super funds and family trusts own
the secondaries... then again this is Australia never let the law get in the way of
a big banks director's bonuses, or a development sharks short term profits at the
expense of a whole industry.
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Old 10th Dec 2016, 10:53
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Lead Balloon - since when was there a link between making a profit and paying tax? Under "Deep State" theory the people that really manage Australia have things organised to ensure that only we the employed pay tax, they the parisitocracy put all their profits in their pockets. You need to get out more......!
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Old 10th Dec 2016, 11:42
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Erm ... Mr Approach,
If you take the trouble to read the opening post again, you'll see that Lead Balloon's observations are just dripping with sarcasm.
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Old 11th Dec 2016, 03:07
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I think Mr A got it, S. I'm stealing this:
parisitocracy
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