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LNP government. |
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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If you don't like a law, just break it, eh?
Should just round them all up and put them in a barbed wire canoe and push them out to sea, that goes for the Mexicans too ... but only the illegal ones!!! Let's see Shorten try to take Immigration Policy to the election as his "Trump" card! ... get it?
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In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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3blindmice
Champion Joined: 22 Oct 2012 Status: Offline Points: 18105 |
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This might interest some, esp those who have a relatively balanced perspective.
How some of the wealthiest Australians pay 'negative' taxThe Howard-Costello economic management myth is really starting to hit home for those who weren't previously aware of their profligacy. Apart from the structural tax deficits and "middle class welfare" costs inherited by all following governments we have the above. But wait, there's more. Recent (6 months+ ago) analysis of the costs to taxpayers of HowCost's ridiculously generous PRRT concessions put foregone revenue at somewhere between $50B and $90B. |
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Passing Through
Champion Joined: 09 Jan 2013 Location: At home Status: Offline Points: 79532 |
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How Norway saved a trillion while Australia owes a trillionBy Chris Becker in Australian Economy, Commodities at 3:30 pm on January 11, 2017 |
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Mr Prospector
Champion Joined: 08 Dec 2008 Status: Offline Points: 2025 |
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Henry rues lost years of tax reform› ‘No option’ but to cut 30pc company tax rateJacob Greber The former Treasury secretary and architect of Labor’s Henry Tax Review, Ken Henry, has renewed his support for the Coalition’s company tax cuts as a reliable driver of investment and wages growth but says they fall well short of a comprehensive plan to secure future living standards. In his most detailed comments on tax since the release of his review eight years ago, Dr Henry will also issue a rallying cry to corporate leaders to elevate the debate over reforms to assure Australians business is not pursuing cynical self interest. Lamenting years of lost opportunity, Dr Henry, chairman of National Australia Bank, says today’s narrow tax debate ignores what should already be in place had there been the necessary political leadership over the past decade. Not only would Australia’s tax system be dealing with entrenched budget deficits and covering the growing demands of ‘‘bigger government’’, it would be less reliant on company taxes that global competition will inevitably leave Canberra ‘‘no option’’ but to cut, he says. ‘‘In a world of mobile capital, countries don’t get to choose their own company tax rate in perpetuity,’’ he says. Had Dr Henry’s 2010 recommendations been taken seriously by state and federal governments, he says citizens would no longer be paying payroll tax; stamp duties on houses, cars and insurance; the Medicare Levy; and fuel excise; or dealing with ‘‘ad hoc’’ renewable energy targets. Instead, there would already be a system in place based on a simpler broadbased consumption tax without exemptions – in place of an increasingly compromised GST; a uniform national resource rent tax; a 25 per cent company tax rate for all companies; progressive land taxes; road user charging, and – most dramatically – a simplified two-rate personal income tax system, with most people enjoying the lower of the two marginal rates. ‘‘Those engaging in today’s tax debates don’t see themselves delivering that sort of tax system,’’ Dr Henry will tell a function on Friday hosted in Melbourne by the Australian Institute of Company Directors. ‘‘Their debates concern a small set of very narrowly cast propositions; such as when, by how much, and how broadly should company tax rates be reduced. ‘‘As my colleague Heather Ridout observed not so long ago, that is a polarising debate. It is the opposite of the sort of discussions we should be having. The country needs a 10-year plan built on a unifying proposition.’’ Dr Henry’s latest intervention comes amid an ongoing stalemate in the Senate over whether to extend last year’s corporate tax cuts to firms with annual revenue of more than $50 million. The Turnbull government is also promising in the May budget to eke out savings enough for some income tax relief. This is expected to include another round of tinkering with the tax scales to temporarily lower the number of low and middle-income taxpayers being pushed by wages growth into higher marginal tax brackets. None of these things will be enough to address the deteriorating robustness of the tax system, Dr Henry suggests. ‘‘Our tax system is too narrowly based and relies too heavily upon taxes that are subject to international tax competition, primarily corporate taxes. ‘‘Understanding those truths, our current tax debate appears very strange,’’ he will say. ‘‘We know the total tax take is too low, but that simple fact seems too horrible to admit. ‘‘So instead, we have chosen to have an argument about which tax rate should be cut first: company tax or personal income tax.’’ He warns the system as it currently stands won’t survive the challenges of funding infrastructure including roads in a country with one of the OECD’s highest rates of population growth. Growth is also being weighed down by the distortions caused by an overly complex tax system that draws 90 per cent of its revenue from 10 taxes, but forces taxpayers to deal with another 100 taxes that raise the remaining 10 per cent. On company tax cuts, Dr Henry insists Australia has no choice but to follow the global trend, and that ‘‘there is good reason’’ to think reductions will drive a faster rate of investment and labour productivity growth ‘‘that should support higher wages growth over time’’. There are some good ideas in this article but it would need to take into account the increase GST on the low income section of the population . Also the argument that lower company tax will produce better wages appears flawed as well . |
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Isaac soloman
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The corporate tax rates in other jurisdictions include:
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Isaac soloman
Champion Joined: 13 Oct 2015 Status: Offline Points: 6085 |
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norway has a population of 5 mill and next to no intake of refugees
Australia 25mil and large intake of refugees. and growing its population by how much? |
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Mr Prospector
Champion Joined: 08 Dec 2008 Status: Offline Points: 2025 |
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The problem with competing with other countries only on a lower corporate tax is that it becomes a race to the bottom , and Australia can't win that race.
The overall tax system needs to be fixed to make it a long term solution and not ad hoc policies . The article I posted has an image with the main ideas Henry was touting . The image will not post as I'm technically challenged . His main ideas were 25 % GST , Mining Tax ala Norway , lower business and personal tax .
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Passing Through
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Mr Prospector
Champion Joined: 08 Dec 2008 Status: Offline Points: 2025 |
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Thanks PT , I tried photobucket , drag and drop , copy and paste and finally swearing . Nothing worked .
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Passing Through
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I have found this one very reliable MP
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Passing Through
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Fun fact:
When the ''adults'' took charge in 2013 Govt debt was $245.6 billion and declared a debt/deficit disaster. Govt debt today is $518 billion and no GFC to blame Thank goodness these Libs know what they are doing
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JudgeHolden
Champion Joined: 16 Apr 2011 Status: Offline Points: 11729 |
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State election over here today. The current mob have looked sketchy for the last 3 but keep managing to scrape in. 16 years now, voter fatigue surely a factor.
Pretty line ball in the betting but the general sense is the Libs will get over the line this time. And it’s Oakden which is being seen as the killer for Jay. Xenophon has imploded. What was he thinking? |
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Passing Through
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Polls are unwilling to do 2PP predictions, but Labor have said they are willing to entertain Xenephon but Liberal Party are not, you would have to think preferences would flow Labor's way from both SA Best and Greens.
Libs polled 44% to Labor 36% primary at the last election and lost. Recent polls have Libs down to 34% and Labor 31% primary. That would suggest Libs have lost ground to SAB more than Labor, so if preferences reflect that, why wouldn't Labor be re-elected?
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Passing Through
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Maybe they are placing too much emphasis on the redistribution that has taken 3 seats from Labor?
I think the preference flow might outweigh that, but it is very close with both parties in the red in betting
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Tlazolteotl
Champion Joined: 02 Oct 2012 Location: Elephant Butte Status: Offline Points: 31448 |
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Howard/Costello will go down in Australian economic history as the worst managers since Federation.
but I've never been sure if they are devious pr1cks or dimwits- they built a structural deficit in the Budget, which was certain to be revealed as soon as the mining boom gusher stopped. Did they do that on purpose? Next step- slash welfare. Only problem with the plan, if it was the plan, no guts. |
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oneonesit
Champion Joined: 06 Aug 2012 Status: Offline Points: 37210 |
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Can't believe this SA ALP mob. Slapping each other on the back for a great campaign, for a slight increase in primaries , a fantastic 16 years that could not be expected to continue apparently. Well why not ? If they were that good they would have retained power surely. Deary me.....crap result in Tas followed by a crap result in SA .
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Refer ALP Election Promises
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oneonesit
Champion Joined: 06 Aug 2012 Status: Offline Points: 37210 |
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& the Xenophon bubble seems to have burst !
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Refer ALP Election Promises
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JudgeHolden
Champion Joined: 16 Apr 2011 Status: Offline Points: 11729 |
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Not much of a surprise there. They all say that.
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Tlazolteotl
Champion Joined: 02 Oct 2012 Location: Elephant Butte Status: Offline Points: 31448 |
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I did not know Tom Switzer was so weird. Did you see him on Q&A last night? You would swear he was a Putin plant.
https://www.smh.com.au/opinion/the-blindness-of-vladimir-putins-conservative-friends-20170120-gtvbgv.html |
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Passing Through
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Pro Trump, pro Abbott shill. Often on ABC The Drum as the obligatory right winger for balance. Also has a sometimes late night radio gig. Might have been sacked from that though.
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Tlazolteotl
Champion Joined: 02 Oct 2012 Location: Elephant Butte Status: Offline Points: 31448 |
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Tlazolteotl
Champion Joined: 02 Oct 2012 Location: Elephant Butte Status: Offline Points: 31448 |
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"According to Canberra conventional wisdom, this too is crazy-brave
territory for Labor. The ageing of the population means Grey Power is
our fastest growing political force.
Those of retirement age (which includes me) have little more pressing to do than to worry incessantly about their finances, and have developed an unshakable sense of entitlement ("I've paid taxes all my life ..."). Any concession they've been granted, no matter how unjustified or unaffordable, can't be taken back, we're assured. Well, I'm not so sure. As a political force, Grey Power has one huge weakness: of all the age groups, the over-65s are those least likely to change their vote. The great majority vote for the Coalition, so Labor doesn't have a lot to lose. It's among the non-aged (sorry) that most swinging voters are found, and it's by picking up enough swingers that a party wins."Ross Gittins SMH https://www.smh.com.au/opinion/how-your-age-affects-your-tax-bill-20180320-h0xpdz.html That's why I can never work out why Labor gives a damn about what Jones, Hadley etc are ranting about- anybody who listens to them are never going to vote for you anyway- fook 'em. |
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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Guess how many Gen Y's and Millennials will suffer if the Baby Boomers have to spend the inheritance to survive into their 90's
... my kids know EXACTLY where their bread is buttered, and they aren't fooled by Waleed, or Emma, and they see straight through the politics of envy and Shortenomics ... it takes time, but they are just starting to realise that Mum and Dad might just know what they are talking about ... pray that all of them work out that they CAN learn something from adults!
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In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Passing Through
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Court Rules It’s OK to Refer to Tony Abbott as a C*#tBy Paul Gregoire and Ugur Nedim Danny Lim is a well-known Sydney activist who can often be seen around town wearing sandwich boards that express colourful political messages. On 29 August, the NSW District Court judgements quashed a conviction of offensive conduct that he’d received in the Local Court in February last year. Mr Lim was standing near the intersection of New South Head Road and Ocean Street in Edgecliff at around 8.40am on 24 August 2015, when NSW police officers issued him with a fine $500 and a move-on order for offensive conduct. The officers imposed the penalty and moved Mr Lim on, as he was wearing one of his signature sandwich boards with messages printed on either side, which apparently raised the ire of police. The front of the sandwich board read: PEACE SMILE. PEOPLE CAN CHANGE. “TONY YOU CUN’T..” LIAR, HEARTLESS, CRUEL. PEACE BE WITH YOU. The back read: “TRICKY LYING TONY YOU C∀N’T SCREW EDUCATION HEALTH, JOBS & THE ENVIRONMENT. CHILDREN’S CHILDREN’S FUTURE. SMILE. The words that were deemed offensive on both sides of the board can more.... |
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ThreeBears
Champion Joined: 13 Apr 2017 Status: Offline Points: 2911 |
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You really have some strange heroes don't you Mr Politics. Almost as obsessed by a displaced Australian leader as you are about an incumbent foreign one. Keep searching for that moral high ground you're only a lifetime away.
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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Must have split his sides watching those ABC "comedians" using the "c" word in an attempt to get a few uni students to giggle this weekThreeBears ...
You're definitely losing it CNNPT, I almost hope they do impeach Trump soon, just for your mental well being.
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In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Passing Through
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I was actually thinking more along a justice line here Doc
Poor Whale got banned from here for something very similar, yet a NSW District Court rules it is ok. #WITCH HUNT
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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*WHICH cup cake
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In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Passing Through
Champion Joined: 09 Jan 2013 Location: At home Status: Offline Points: 79532 |
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And here I was thinking that Keating introduced compulsory employer super to supplement/replace the aged pension to remove that growing burden from current taxpayers. I didn't read the small print where it said my tax was really just an inheritance fund for your kids.
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Isaac soloman
Champion Joined: 13 Oct 2015 Status: Offline Points: 6085 |
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there is a 4 corners piece on super tonight.
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