Apalling inequity.The true face of the LNP double standards and hypocrisy is revealed.
Just another vote grabbing grandstanding promise backed down on.
Hockey backflips on tax laws to target multinational profit shifters
..dividends from their international subsidiaries are tax exempt yet the interest on borrowings used to grow overseas operations is tax deductible..
.."Following consultation with stakeholders and the Australian Taxation Office, it became very clear that a targeted anti-avoidance provision would be ineffective," he said.
Apalling inequity.
So taxpayers will continue to subsidize companies to invest offshore. Why?
'Consultation with stakeholders'..really? Which ones were those.
GST - a White Paper is coming in the new year.
Cap funded university places
Replacing the cap on funded places would restore certainty to the higher education budget. The government could continue to support an expansion of the university sector through a steady low rate of annual growth. Capping places would also free up resources for other policy priorities, such as addressing skills shortages or increasing educational participation in regional areas.
Maintain course funding at 2014 levels
Education Minister Christopher Pyne’s fee deregulation proposal will lead to students paying more for their degrees. In 2005, when the Howard government allowed universities to vary student fees by up to 25%, every university charged the top rate within two years. A similar measure in England and Wales in 2012 led to student fee increases of 300%.
Equalise government subsidy rates
Undergraduate university places are funded by a government subsidy plus a student contribution. In total, government subsidies for student places cost around $5 billion per year, but the value of the subsidy to each student varies by type of course. As shown in the 2014 Funding Table, the government subsidy covers only 16% of the cost of a course in law, accounting, commerce, economics or administration compared to 71% of the cost of a course in agriculture.
The National Commission of Audit recommended that the government subsidy should be 45% and the student contribution 55% of total course costs. Depending on what rate is chosen, pegging government subsidies to a uniform percentage rate in all courses could deliver substantial budget savings.
some interesting alternatives to the Government's poorly targeted changes to university funding
http://theconversation.com/what-if-pynes-uni-plan-fails-again-some-sensible-alternatives-35364
Australia's police forces say they are unable to actually quantify how helpful metadata is to criminal investigations and convictions, despite today repeating their argument for a two-year period of mandatory data retention by telco providers.
But despite asserting that the failure of the bill would throw law enforcement ‘into the dark ages’, the majority of Australia’s police agencies said they couldn't quantify how helpful metadata had been in operations and convictions.
“But when telecommunications users and taxpayers are liable for the cost of ‘everything’, some discipline should be applied to the scope and volume of agency requests, to increase the likelihood that the national cost incurred is reasonably proportionate to the additional national security garnered.”
It also recommended the Government reverse its decision to include the proposed dataset in supporting regulations rather than the main legislation, in order to “guard against unforeseen future scope-creep through the broadening of the types of data required to be created and/or retained”.
Through the 2000s new policy measures costing 1%-plus of GDP were introduced each year, but were more than offset by economic revisions. The result was a run of headline budget surpluses, despite significant discretionary loosening of fiscal policy. Note that these numbers capture only the impact on the current year budget. Many of the new policy measures had a long-tail: the costs – either in terms of revenue foregone or committed spending – increase over time. The mis-match between a front-end loaded revenue boom and back-end loaded spending measures and tax cuts is now apparent.
The magic pudding is gone. Economic revisions are now worsening the forecast budget balance by around 1 ½% of GDP per year, matching the size of the beneficial revisions in the prior cycle. The cumulative downgrades are less than the aggregate upgrades that went before, suggesting more downgrades to come.
Real GDP did not measure the boom. GDP averaged around 3 ½% through the last cycle, lower than in the 1990s cycle. Just as real GDP did not capture the boom, real GDP will not capture the bust.
The measures that did capture the boom were national income (which adjusts GDP for the impact on real income of terms of trade changes) or real domestic demand. Exhibit 4 shows that real domestic demand persistently grew 1-2% faster than real GDP through the last cycle. The important forward looking point is that as the boom recedes, domestic demand will run persistently below GDP for an extended period.
Dole bludgers beware....Morrison stopped the boats and now he will stop the dole bludgers.
Get off your back sides and do some work for a change and if you can't work get educated....No excuses.
No doubt the Green/Labor left wing socialist party will have plenty to say...I am waiting for the blast....BRRRRUUMB.
Dole bludgers beware....Morrison stopped the boats and now he will stop the dole bludgers.
Get off your back sides and do some work for a change and if you can't work get educated....No excuses.
No doubt the Green/Labor left wing socialist party will have plenty to say...I am waiting for the blast....BRRRRUUMB.
http://www.couriermail.com.au/news/...top-the-bludgers/story-fnii5s41-1227163795658
That's all very well in theory, noco;
but where are the jobs? Since 1996, possibly even earlier, the entire Australian manufacturing industry has been killed by successive governments of all persuasion. Liberal supporters may blame it on the unions and fair wage demands, but facts remain that the distribution of disposable income has become increasingly lop-sided.
If Howard hadn't squandered Billions on upper middle-class welfare/ bribes, if he hadn't sold off the farm - Telstra, Qantas, Commbank, ... - to secure the Future of ex-pollies' perks, even Labor would've found it hard to create a deficit that you accuse them of.
That's all very well in theory, noco;
but where are the jobs? Since 1996, possibly even earlier, the entire Australian manufacturing industry has been killed by successive governments of all persuasion. Liberal supporters may blame it on the unions and fair wage demands, but facts remain that the distribution of disposable income has become increasingly lop-sided.
If Howard hadn't squandered Billions on upper middle-class welfare/ bribes, if he hadn't sold off the farm - Telstra, Qantas, Commbank, ... - to secure the Future of ex-pollies' perks, even Labor would've found it hard to create a deficit that you accuse them of.
I continue to be surprised by how bad Abbott's poliitical instincts often are. He always seems to know the wrong thing to say:
Foreign Minister Julie Bishop has been forced to defend the Prime Minister's views on women after Tony Abbott nominated repealing the carbon tax as his biggest contribution for women in 2014.
Mr Abbott was asked on breakfast television on Monday morning to nominate his biggest achievement as Minister for Women.
He replied: "Well, you know, it is very important to do the right thing by families and households. As many of us know, women are particularly focused on the household budget and the repeal of the carbon tax means a $550 a year benefit for the average family".
In opposition, Mr Abbott spruiked his anti-carbon tax campaign by claiming the "housewives of Australia" would benefit from a repeal because it would lower electricity costs associated with ironing.
The Australian manufacturing industry was killed off by the communist dominated unions in the 50's,60's and 70's and we have been seeing this decline in the past two decades., so don't blame the Liberal Government...Fair wage demands, you mean excessive wage demands, increase in annual leave from 2 weeks to 4 weeks, 17.5% leave loading, long service leave, penalty rates, 38 hour weeks and you don't believe it all adds on to the cost of manufacturing....No wonder companies have gone off shore to stay competitive.
Your left wing socialist just love to NIT PICK on such trivial things....Nothing better to do I guess but try to discredit the Prime Minister.
Never heard you NIT PICK on Shorten when he said," I don't know what Gillard said but what ever she said, I agree with her".
Trivial?Your left wing socialist just love to NIT PICK on such trivial things....Nothing better to do I guess but try to discredit the Prime Minister.
Never heard you NIT PICK on Shorten when he said," I don't know what Gillard said but what ever she said, I agree with her".
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