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- 28 October 2008
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I haven't looked at the detail, but the question that comes to my mind is that given the political context, to what extent is this a well thought out policy in the context of broader tax reform ?That's a very realistic precaution.
I might be misunderstanding the change, but can't companies still provide the same car benefits to employees, eg sales people, but just require them to actually document the use, in contrast to up to now being able to just arbitrarily claim 20% deduction?
Happy to be corrected if I'm wrong.
Whatever, it seems a vast overreaction for Ray Hadley to claim that "this is the end of the new car industry".
I haven't looked at the detail, but the question that comes to my mind is that given the political context, to what extent is this a well thought out policy in the context of broader tax reform ?
We can see that but how does he fool so many other Australians?
It will hurt people such as a person I know who is on a huge salary and gets a new car every 2 years. He doesn't need it for work so how will he be able to claim it anymore?
I see Wayne is still talking up garbage.
http://www.abc.net.au/news/2013-07-17/wayne-swan-says-housing--sector-can-drive-economy/4826674
As the mining, manufacturing, farming and retail sectors fail. We are going to sell services and build houses to lift ourselves into the new economy. Worlds greatest what?
"Our success in the Asian Century cannot rely on unfettered growth in China to support our mining sector - it's about how we diversify our economy by making the most of the enormous structural shifts occurring in our region."
How do they get away with saying that sort of rubbish.
From the lucky country, we are becoming the stupid country.
Well Syd, Labors idea of "Big Australia' and a population of 50million, may be the answer for the housing sector. Also as China is buying up our arable land, that won't give us much scope for fiscal growth, through that avenue.
I guess we have to hope they want more gears.
I dont see how, the fact our banks are moving into Asian markets, is going to help working Australians. That is of course unless the banks use FIFO bank workers, but I doubt that.
It leaves tourism, which even Greece and Italy are finding doesn't support a welfare state.
So in a nutshell, the only person who has come up with anything new is Abbott, with the suggestion of developing the North.
All Labor has come up with is introducing taxes, to accelerate the demise of manufacturing and increase spending on welfare. This to incourage the mass migration to our shores, which we are witnessing.
Rudd is on record saying a rapid population growth to 50million is a desirable target.Can you show me the policy document that shows the ALP is for a 50M Australian population?
So you are against foreign investment in the Agricultural sector, or all foreign investment in Australia?.
Most foriegn owned businesses have some sort of parent company tax minimisation scheme happening. The ATO is currently spending a fortune trying to unravel it as we speak. It has been reported in the MediaWhy would China's investment in arable land have a negative impact for fiscal growth? What do u mean by fiscal growth - the term fiscal include Government spending and taxation. As long as a foreign company continues to grow food at globally competitive yields and is not allowed to sell their produce at below international market rates, what is the problem whether the manager is Australian or foreign? It's not like we're not using Australians to still work the farms. The last few years seems to indicate foreigners value our arable land more than we do. Is that the Governments fault?.
Tourism in Australia is a cottage industry, compared to European countries, such as Greece and Italy. They can't support a physically small and well serviced country with the income from it. Venice alone gets 21million tourists/annum. How you think it will save us is hard to followInbound tourism has been growing over the last few years, though the high dollar has meant outbound tourism has been growing stronger. Do you think that a falling AUD is going to have a negative impact on inbound tourism? Do you think less foreign students will want to study in Australia now that it's at least 15% cheaper to study here that a year ago, and likely to get cheaper in the future as the AUD goes back to a more fair value level? The near slave labour these students provides also keeps the cost of your takeaway cheap..
The Asians need more food especially as their living standards and food requirements become more westernised. They will require more meat and dairy products, we don't have to sell them the land to provide the food. The whole issue of foriegn investment requires overhauling, with a view to long term sustainable industry, local jobs and sovereignty.My understand in Tony has pretty much put the go north 100 dams policy into the thought bubble box and there is no current policy to do anything. I'd also like to know where the money will come from since you don't want any foreigners investing in arable land in Australia, and all Government debt is bad so that would only leave the private sector able to do the investments?.
What welfare increases has the ALP introduced? The only one I can think of is paid parental leave, but then that partly replaced the baby bonus. Lest we forget Abbott has a similar policy that is 5 times more expensive and will cost business more than the fixed priced carbon trading scheme. Abbott said he's not increasing taxes, since it will be a levy, not a tax (can you explain why a levy isn't a tax because Tony wont) yet most large companies in Australia will face a higher levy bill than under the carbon trading scheme.
Rudd is on record saying a rapid population growth to 50million is a desirable target.
I am against direct foreign ownership of our land, we are one of the only countries in the Asia region that promote direct foriegn ownership of land.
Most foriegn owned businesses have some sort of parent company tax minimisation scheme happening. The ATO is currently spending a fortune trying to unravel it as we speak. It has been reported in the Media
Tourism in Australia is a cottage industry, compared to European countries, such as Greece and Italy. They can't support a physically small and well serviced country with the income from it. Venice alone gets 21million tourists/annum. How you think it will save us is hard to follow
The number of overseas students, will fall inline with the standard of our education ratings on a world ranking.
The Asians need more food especially as their living standards and food requirements become more westernised. They will require more meat and dairy products, we don't have to sell them the land to provide the food. The whole issue of foriegn investment requires overhauling, with a view to long term sustainable industry, local jobs and sovereignty.
The welfare increase I see, is the billions of dollars that are being used to support illegal economic migration, through government inaction.
That money could be spent developing some of these projects.
The transfer pricing you are talking about is mainly be companies that own little to nothing in Australia. It's generally IP that allows them to do this. Google uses Singapore to sell online adds in Australia and ebay from memory uses Ireland to run it's Aussie business.
One thing that is really interesting, all the normal pro Labor posters have become conspicuous by their absence.
Would this be due to the fact, all the issues they hated Abbott for, Rudd has now adopted.
They must be having trouble reconciling, the team they blindly barracked for, has deserted them.lol
Just shows four weeks is a long time in politics.
Now you can vote for the right wing coalition, or the really right wing Labor.lol,lol
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