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Australian Federal Election - 2019

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The taxes proposed by Labor on 'the top end of town' are pretty mild in my view.

Negative gearing is not doing it's job of creating new houses as the majority of loans are for existing houses. In addition NG is grandfathered so those already claiming it still can.

As for the franking credits, well retirees on superannuation get their super pensions tax free anyway so they are already well ahead of most people in the workforce.

Bigger tax cuts for the low paid will be spent in the economy, on household items like fridges, washing machines, cafe meals etc which generates employment. You can't run a business if your customers can't afford to spend money.
 
SirRumpole said:
The taxes proposed by Labor on 'the top end of town' are pretty mild in my view.
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The difference in Income Tax policy between the two parties, and Family Trust reform are the big ones, in my view.

As I've harped on about many times, failing to address bracket creep and re-instating the 'budget repair levy' mean that middle & high income earners will pay a LOT more tax under Labor. Not so much in the short-term, but certainly medium/long term.

Family Trust changes are meant to target wealthy families, but there are many many small businesses that will suffer.
 
Rumps ..."As for the franking credits, well retirees on superannuation get their super pensions tax free anyway so they are already well ahead of most people in the workforce"

maybe u meant earnings inside pension fund being tax -free ??......... but make the point that the pension drawdown is just the removal of capital from the account. Sorta like making a withdrawal from your own bank account, so not sure where tax would/should be involved.
 

Well, I'm a retiree on a modest super pension and I don't even have to include my super pension in my tax return.
 
yep .... for the reasons above. Included for govt pension access though. But it is now included for other "benefit" calculations like health card, etc ...... that changed a few years ago. Not telling u to suck eggs but many peeps have not kept up with tax/welfare changes of late (bit like despite public bank outrage many would not know that banks actually a greater tax % rate than other aussie companies - they have a special tax above the 30% company rate).

(note that special tax treatment for old peeps not on a govt pension is available for their earnings outside super - normal peeps get 18K threshold, old peeps get ?? 29K ?? or something as tax free threshold)
 
Whilst there's many Labor policies I'm not happy about one thing I'll find personally satisfying is watching the tax axe fall on this garbage media owned by a tax avoiding tycoon and self appointed head of state known as Rupert Murdoch.

I hope they totally stuff him up and flush him straight down the swanny

Labor is bracing for an escalating assault from News Corp and fears further attacks in the final days of the election campaign after a furious Bill Shorten savaged Rupert Murdoch's company over its reporting of his mother's life and career.

Mr Shorten and his senior colleagues accused the media empire of being a "cheer squad" for Prime Minister Scott Morrison and cited its use of tax havens in the Cayman Islands as one reason it wanted to stop Labor taking power on May 18.

Bill Shorten became emotional speaking in response to a Daily Telegraph editorial about his mother's biography.

Labor deputy leader Tanya Plibersek said the company was trying to block funding increases for schools and hospitals while protecting "tax loopholes".

"I wonder if that's got anything to do with the fact that Rupert Murdoch and his companies pay little or no tax in Australia? It could be something to do with the fact that News [Corp] has paid very little tax in Australia in recent years," Ms Plibersek said.

The sharp criticism of Mr Murdoch's company and its tax affairs is seen as a warning shot in a deepening dispute after years of friction and negative stories about Labor throughout the campaign.

Mr Shorten attacked the newspaper for its "political hit" and "gotcha shit" and talked of his mother's attempt to get work as a barrister when she faced discrimination because of her age, leading him to promise to act on the problem if he became prime minister.

Labor assistant treasury spokesman Andrew Leigh said the "extraordinary attack" by The Daily Telegraph was no coincidence when News Corp could be hurt by plans to toughen laws on tax havens.

Mr Leigh cited reports from four years ago that News Corp had dealings in the Cayman Islands and was in the "highest risk" category at the Australian Taxation Office.

"I don't think it's any coincidence that when a party is taking to the election the most comprehensive set of policies on multinational tax reform, that we find ourselves under fire from News," Mr Leigh said.

The Australian Financial Review reported in May 2015 that the ATO had only one company in its highest risk category for tax avoidance and this was News Corp. A News Corp spokeswoman said there was no comment from the company.

Labor is promising to raise more tax revenue from a crackdown on tax havens and profit shifting by global companies, but the Coalition has also targeted these tax problems as well over the past six years, recouping billions of dollars.

Labor finance spokesman Jim Chalmers said the News Corp publications had made their position "very clear" but should not bring Mr Shorten's mother into their criticism of Labor.

"They go to any length to prop up the Liberals, to prop up a failing government, which has spent six years rotating through three prime ministers, which has doubled debt in this country, which has presided over slowing growth and stagnant wages," he said.

"This is what they do."

Former Labor prime minister Kevin Rudd backed Mr Shorten by comparing The Daily Telegraph to a newspaper run by a totalitarian dictatorship.

"Surprise, surprise!" Mr Rudd tweeted. "The Murdoch media launch a front page full-blown character attack on Shorten ten days out from election day. Fully coordinated with their coalition partners the Liberal Party. Today's People's Daily in Beijing is a more objective source of news."

The Daily Telegraph's report came after Mr Shorten ended his appearance on the ABC's Q&A program on Monday night by saying his mother had wanted to be a lawyer but needed to take a teacher's scholarship when young.

The front-page newspaper report, accompanied by two pages of coverage and an editorial, said Mr Shorten had omitted the fact that his mother had become a lawyer later in life.

Mr Shorten rejected the newspaper's coverage on Facebook before unleashing during a press conference in Nowra, where he was campaigning for the marginal seat of Gilmore.


"My mum is the smartest woman I've ever known," Mr Shorten said.

"Mum taught me it doesn't matter about your gender. It matters how hard you work. But everyone deserves the same chance."

Prime Minister Scott Morrison extended his "best wishes" to Mr Shorten when asked about the newspaper story, adding that he could understand the hurt it caused.

"This election is not about our families. It's not about Bill's mum. It's not about my mum," Mr Morrison said.

Disputing The Daily Telegraph's coverage, Mr Shorten said his mother had only been able to become a lawyer in her fifties and had found it hard to get work as a barrister.

"I just wish some newspaper outlets would do some of their homework beyond that. She got about nine briefs in her time. It was actually a bit dispiriting," Mr Shorten said.

https://www.smh.com.au/federal-elec...r-war-with-murdoch-media-20190508-p51lf6.html
 

Labor should take all the spectrum off Foxtel and give it to the ABC.
 
In the spirit of giving the Murdoch Press an absolute bollocking for the xhitxuckery that passes as news check out the following story.

For 30 years I worked for News Corp papers. Now all I see is shameful bias
Tony Koch
No editor I worked for would publish the rubbish they now produce

Thu 9 May 2019 05.05 BST Last modified on Thu 9 May 2019 05.11 BST

“They were quality newspapers that cared for their employees and cared more for the product – concerned with breaking real news stories that were as accurate and true as could possibly be established.” Photograph: Paul Miller/AAP

About six weeks ago I cancelled my subscription for The Australian newspaper after getting it for more than 30 years. As soon as this election is over, I will do the same with the Courier-Mail.

I worked as a journalist for some 30 years for those papers and loved every minute of it. They were quality newspapers that cared for their employees and cared more for the product – concerned with breaking real news stories that were as accurate and true as could possibly be established.

The Australian in particular was a big impact paper which regularly set the news agenda for media throughout the country.

But no longer. No editor I worked for would have put up with the biased anti-Labor rubbish that, shamefully, the papers now produce on a daily basis.

If it is not anti-Labor it is anti-Green or, quite ridiculously, anti-ABC. Anything except a story negative to the Liberal or National parties.


Gone is the requirement for balance. One has only to look at the story selection and headlines on the front pages of the papers each day to see that an anti-Labor angle has been taken, however contorted had been the literary gymnastics required to finally arrive at that particular bit of stupidity.

Tony Koch is an Australian journalist who has won five Walkley awards and an honorary doctorate from the Australian School of Journalism. He has also won 48 state journalism awards, the Sir Keith Murdoch News Limited Award and the Graham Perkin Award. He has been inducted into the Australian media hall of fame.

https://www.theguardian.com/comment...ws-corp-papers-now-all-i-see-is-shameful-bias
 
If people wish to live in a state controlled world, then the opportunity to live that way is already available in countries such as china or north korea.
 
HelloU said:
If people wish to live in a state controlled world, then the opportunity to live that way is already available in countries such as china or north korea.
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Wow - that's good to know!
 
total franking credits refunded this year ........$5B .... labor policy is to reduce this

welfare spend this year ...$175B ........ labor policy is to increase this
 
HelloU said:
total franking credits refunded this year ........$5B .... labor policy is to reduce this

welfare spend this year ...$175B ........ labor policy is to increase this
Click to expand...
Don't tell me... free penis extensions ?
 
And yet, you are totally happy with the left wing bias of the Grauniad?

(but agree newscorp is unmitigated, tabloid shyte)
 
Penny Wong, classless act.
 
wayneL said:
Penny Wong, classless act.
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Objection

Wong has been wronged many times due to race a sexual orientation and has always handled it with grace and class......... always.

The test of this women's intelligence, integrity and class (low bar as it is) is the respect always shown by Mathias Cormann in the Senate a serious conservative.

Also note the attack dogs from the coalition never take her on.
 
SirRumpole said:
How Labor proposes to stop corporate tax avoidance.

(Good luck with that).

https://www.abc.net.au/news/2019-05-09/how-labor-plans-to-tax-multinationals/11085522
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yep, saw that and thought the same ...... makes good media though just b4 an election. (they are the ones that would not vote for recent "tax avoidance" legislation, and i spose are now trying to stand above that.

the wong post above was, i suspect, about the lack of a "handshake" at the question thing ...... she did look pretty unsporting when that happened.

no mention of the other .......... all in hand atm.
 
PZ99 said:
Don't tell me... free penis extensions ?
Click to expand...
You are from another area, nowadays it is penis suppression or clitoris augmentation, the rapists ,sorry heterosexual white males,will be eliminated
 
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