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The policies and programs around accelerating renewable energy investment in Australia and ensuring the lights don't go out when coal fired stations close down has to be an immediate priority. Mucking around for 18 months would be a recipe for electoral disaster. The pressure from Greens ,Teal and Labour voters to see this happen will be massive. Hopefully.. someone has been doing their homework and can hit the ground running. There are certainly enough organisations that have developed strategies that would be capable of being put into action.
I can see a lot of midnight oil being burnt in the new Government.
if we end up with something like the current German regime , we are in for some very dark times ( pun intended )Unfortunately I think we are going to see the Red dog being wagged by the Green tail
That pretty well nails why the LNP were toast, the days of thinking fiscal management and military preparedness are the priority, are long gone.Elephant in Room (or not)... excerpts from AFR:
Not so long ago, boards and executives could worry about shareholder returns and financial performance first, second and third. [With t]he emergence of ESG (environmental, social, governance) issues, [ ] companies now know both their social licence to operate and cost of capital depend at least in part on balancing financial returns with matters such as emissions reduction, gender diversity, inclusion and accountability.
But really, these forces have transformed the business sector in the past five years, for better or worse.
The biggest area of change the business community will need to navigate under Anthony Albanese will be in the area of climate policy, although exactly what this eventually might look like will depend on whether Labor can form a majority government, and how the votes in the Senate fall.
Like all things there will be winners and losers. And, to my mind, the more any government tries to pick them, the worse the outcomes. Sadly, they don't seem to be able to stop thinking they're important and the new flush of colour politics look even more woke.
I think you are right, it will be interesting to see if it ends well, but it is a situation that has to be resolved.Unfortunately I think we are going to see the Red dog being wagged by the Green tail
I voted for labour for the first time in my life this election, Previously I was a life time Liberal Voter.Maybe, but Albanese shows few signs of walking away from the US Alliance that has always stuck in China's throat.
We can all hope for an improvement in Aus/China relations but I wouldn't necessarily take it for granted.
I'm probably the opposite, socially conservative but economically progressive, and I was relieved that Labor didn't go into the higher tax area because it just loses them elections.I voted for labour for the first time in my life this election, Previously I was a life time Liberal Voter.
I am generally economically conservative, but socially socially progressive, So given that in this election the Labor party weren’t openly targeting higher taxes etc like last time, I thought it was a good opportunity to vote with my heart on all the other issues that Liberal has been ignoring.
I think the budget should balance itself as covid recovery keeps chugging along, there is plenty of cash rolling in from resources, no need for extra taxes on it.I'm probably the opposite, socially conservative but economically progressive, and I was relieved that Labor didn't go into the higher tax area because it just loses them elections.
Mind you, I think that their stated financial policy is just the tip of the iceberg, if they want budget repair then they are going to have to hit someone, the piddling amounts that they expect in to get from corporate tax avoidance or government rorts won't cut it. I expect some sort of resource taxes which they cleverly didn't mention and no one asked them about.
Labor ran a clever small target campaign but if they are going to be a responsible government then they will have to widen the revenue stream somehow.
I would say it’s up to Chinese people to press the Chinese government on those issues, not any Australian government.Going to be interesting to see how labour walk the line of being wokest, greenest and most social justice driven party in the region when negotiating trade agreements with China, will profit win over principles and expose labour as potential frauds to their voting base?? Will labour acknowledge Taiwanese sovereignty and risk displeasing the CCP. Will Australian diplomats pressure China on human rights issues? Will Australia follow China if china stops using us dollars to buy oil and if they ignore sanctions on Russia?
These will be great tests for Labour leadership and have big implications for trade relations, investments.
A good place to start with is for Labor to crack down on the following..I'm probably the opposite, socially conservative but economically progressive, and I was relieved that Labor didn't go into the higher tax area because it just loses them elections.
Mind you, I think that their stated financial policy is just the tip of the iceberg, if they want budget repair then they are going to have to hit someone, the piddling amounts that they expect in to get from corporate tax avoidance or government rorts won't cut it. I expect some sort of resource taxes which they cleverly didn't mention and no one asked them about.
Labor ran a clever small target campaign but if they are going to be a responsible government then they will have to widen the revenue stream somehow.
Crack down on what?A good place to start with is for Labor to crack down on the following..
Household names: 168 Australian companies have paid no tax since 2013
ATO deputy commissioner says there are ‘legitimate reasons why a company may not pay tax’www.theguardian.com
I feel/believe that many multi-national companies in Australia use "loop holes" to avoid paying any tax whatsoever despite earning substantial profits here - IKEA as an example has paid no tax despite surging sales/earnings during the pandemic.Crack down on what?
Did you actually read the article? As the article states there are legitimate reasons for some companies not to pay tax over certain periods or some times not at all, ever.
In the case of not paying tax at all or ever, it’s often because the companies are set up as trusts, where the “profits” are passed through to the owners who pay the tax on their own tax returns, or they can be set up with certain structures where the tax is paid by other related entities.
I would say it’s up to Chinese people to press the Chinese government on those issues, not any Australian government.
Crack down on what?
Did you actually read the article? As the article states there are legitimate reasons for some companies not to pay tax over certain periods or some times not at all, ever.
In the case of not paying tax at all or ever, it’s often because the companies are set up as trusts, where the “profits” are passed through to the owners who pay the tax on their own tax returns, or they can be set up with certain structures where the tax is paid by other related entities.
I would say it’s up to Chinese people to press the Chinese government on those issues, not any Australian government.
Labor ran a clever small target campaign but if they are going to be a responsible government then they will have to widen the revenue stream somehow.
No I didn’t, you asked if Australian Diplomats will pressure China on human rights issues, I said it’s up the people of China to pressure their government on those issues.You realise you have made the arrogant assumption that what you want is what the population of China want - that is actually implicit racism, and white (western) supremacy in action.
no need to talk higher taxes this time , bracket creep and indexation ( on top of inflation ) should give it plenty , as long as the exports keep rolling , Albo picking a winning strategy , so almost nothing , and let that guy from marketing make all the gaffesI voted for labour for the first time in my life this election, Previously I was a life time Liberal Voter.
I am generally economically conservative, but socially socially progressive, So given that in this election the Labor party weren’t openly targeting higher taxes etc like last time, I thought it was a good opportunity to vote with my heart on all the other issues that Liberal has been ignoring.
but one used by high-flyers in both parties and other influential people ,"Trusts" are simply a tax avoidance scheme.
Not at all, they are simply a way of owning assets and distributing income."Trusts" are simply a tax avoidance scheme.
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