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You are arguing with a Galah
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Simpkin moved a spill motion.
to be discussed on Tuesday in the Party Room.
that didn't take long
I see Abbott is hiding behind Bishop
Simpkin moved a spill motion.
to be discussed on Tuesday in the Party Room.
that didn't take long
+1. As soon as I hear a politician say "I think the real question is", I turn them off or walk out of the room.
Tony Abbott may well be PM after Tuesday , but he will be a rotting political corpse. And as he starts to stink the rest of the Cabinet will find themselves tainted with the stench.
He has lost the confidence of significant parts of of his party. He has lost the respect of many Liberal voters as well as community groups. His own confidence will be incredibly challenged.
There is the Lazarus with a triple bypass possibility. Perhaps a Road to Damascus conversion. I just cannot see how he will ever become confident, inclusive, creative and above all respected as an effective political leader.
I think the PM will still be there after Tuesday.
I think the PM will still be there after Tuesday.
The federal government appears set to introduce a two-tiered tax system, according to comments by Social Services Minister Scott Morrison published by The Australian.
In the government’s first budget in May 2014, it indicated it would cut the company tax from 30% to 28.5%, but the tax relief would be neutralised by a 1.5% paid parental leave levy on companies with annual taxable income of more than $5 million.
During his address to the National Press Club on Monday, Tony Abbott announced he was abandoning his paid parental leave scheme, with funds collected by the levy instead assumed to be earmarked for a new childcare policy.
However, Morrison told The Australian the government will now abandon the levy altogether. But larger companies will still be charged a company tax rate of 30%, while smaller business will pay a lower rate of 28.5%.
“The government doesn’t assume portability of this levy and if (a new childcare levy) were an option then you’d certainly have to make a case for it and you’d certainly have to consult business about it. But I don’t think anyone should be making the assumption that is where the government would end up,” said Morison.
On matters policy,
At least dividend imputation is to no longer be raided but a two-tiered corporate tax rate is still a bit silly in that it's a new complication of on top of an already overall complicated tax system.
http://www.smartcompany.com.au/lega...ads-keeforce-to-axe-jobs-midday-roundup.html#
My bolds
On matters policy,
At least dividend imputation is to no longer be raided but a two-tiered corporate tax rate is still a bit silly in that it's a new complication of on top of an already overall complicated tax system.
http://www.smartcompany.com.au/lega...ads-keeforce-to-axe-jobs-midday-roundup.html#
My bolds
The MRRT was to raise money (which it largely didn't) which was spent anyway thus raising debt.Bringing such an additional complication into play, would indeed be the dumbest thing they could do. Before the last election, Companies and ATO had bedded down the Resources Rent and Carbon Taxes. Only a bunch of ideology-driven morons could have reversed those two and then cry poor over insufficient revenue to balance the budget. Arithmetic 101, Stupid!
Splitting is one option as is a little manipulation around the $5m threshold.Changes in rates don't add much complication as it's just a change in the arithmetic. No doubt companies will try to game the system to try to qualify as small companies but in that case it will be them who will be complicating matters.
Splitting is one option as is a little manipulation around the $5m threshold.
Both were poor policy and remain so today. Carbon pricing's only potential is if all the world's major economies come on board.
Not at all. A CT helps reduce local pollution...
Not at all. A CT helps reduce local pollution (burning coal produces more that just co2) and encourages development of other forms of energy which reduces energy demand on the main grid and reduces the need for the capital expenditure on large fossil fuel stations.
More people with power stations on their roofs means less that has to be produced en masse. The problem is not for the consumer its for governments who find the value of energy assets reduced and therefore less saleable, but overall we the taxpayer have paid for them already so why should we suffer higher energy costs to make the blunderbusses more attractive to the private sector who will then keep power prices high to maintain profit ?
I see a much broader issue than anything to do with carbon there, and that's a fundamental question. What, exactly, is Australia's future economically? Where does it lie?
Manufacturing is stuffed, agriculture has been uncompetitive for years as a bulk commodity producer, the writing is very clearly on the wall for mining and we're uncompetitive at back office work.
What, exactly, are we going to do when mining goes kaput?
Mining bust? Three reasons why it's inevitable.
Firstly because we're now heading down the slope of having to extract the lower grade, higher cost resources since the better ones are already in production. You know things aren't good when someone's interested in mining coal in Tasmania and exporting it - small scale, high cost, inferior quality too. Much the same with the new mines in Qld - lower quality and with very high costs to set it up.
Secondly because our overall costs are simply becoming uncompetitive. We're not the only country with minerals, plenty of others can do it cheaper than we can. That reality is already hitting home in the gas industry.
Third because we're heavily reliant on exporting coal and increasingly gas. It seems pretty clear that the world isn't going to want to buy fossil fuels forever.
So what's the plan when the game is up? CO2 aside, there's a very real economic issue for Australia here.
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