Consider this ...
I've argued that Telecom should have been compensated for it's loss of value when the Government unbundled the local loop. A counter arguement was raised that Telecom made a large profit from it's monolopy and shouldn't be compensated because of it.
Now, in the last financial year, Telecom had revenue of $5,615 million and a profit of $916 million - a profit of 16% of it's income.
The Government, in it's last financial year had revenue of $44,400 million and a surplus (profit) of $8,500 million - a profit of 19% of it's income. (Yes, nearly one dollar in six of taxation could be returned and there would still be a surplus.)
Now, in the last financial year, Telecom had revenue of $5,615 million and a profit of $916 million - a profit of 16% of it's income.
The Government, in it's last financial year had revenue of $44,400 million and a surplus (profit) of $8,500 million - a profit of 19% of it's income. (Yes, nearly one dollar in six of taxation could be returned and there would still be a surplus.)
posted by Michael at
8:38 PM
1 Comments:
yeah and the difference making it worse is that telecom shareholders should expect a return on their investment whereas the government has no need to make a profit.
btw - this will generate a comment storm over at farrar. dont you wish the comment storm took place here :)
By
sagenz, at 11:31 PM
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