The Australian Nursing and Midwifery Federation (ANMF) has accused Australia’s six largest providers of posting huge profits while “taking advantage” of $2.17 billion in Government taxpayer-funded subsidies and avoiding their “fair share” of tax.
They commissioned Jason Ward from the Tax Justice Network to produce an aggressive report – in its claims and strong graphics – that examines the revenue of the six, their profits and tax structures.
If you want to experience aggressive advocacy by a wealthy union and tactics similar to Labor’s Medicare scare campaign at the last federal election, download this ANMF report HERE.
An initial read leads you to believe that the six are crooks. Farming the government subsidies, paying little to no tax, while elderly residents are under-cared for due to understaffing.
The ANMF claims the six “clearly have the financial capacity” to improve staffing and provide better care – and their campaign is paying off.
The report has been covered widely in the media including this impassioned op-ed from the editor of The Age, while a corresponding petition has attracted nearly 1,000 signatures.
There are a number of areas the report does not go to like generation of capital to refurbish and build new facilities, what is a profit return that will attract investors to aged care and what of the Not For Profits that make surpluses and also have similar staffing ratios (with lower employment costs).
Slanted facts are not what the sector needs now.
