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The Budget 2016 - Same old? Or new direction?

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Ves said:
Can you provide the actual figures to show where these overall revenue/tax receipts have fallen?

Because it's my understanding that they actually haven't.
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They have at least in my case and drastically.:D
 
It always seems to be the way with Budgets. Those who feel they have been short-changed or their "Priority Issues" have not been addressed and accommodated will, and do, complain. Was just having a read about the outrage from SMSF Association and the SMSF Owners' Alliance about the impact of the proposed superannuation changes.

Yep, situation normal, nothing to see here. Moving on.
 
SmokeyGhost said:
It always seems to be the way with Budgets. Those who feel they have been short-changed or their "Priority Issues" have not been addressed and accommodated will, and do, complain. Was just having a read about the outrage from SMSF Association and the SMSF Owners' Alliance about the impact of the proposed superannuation changes.

Yep, situation normal, nothing to see here. Moving on.
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Solar Citizens are also outraged:
Last night the Turnbull Government did the unthinkable. Confirmed in the Budget, they intend to rip $1 billion from the Australian Renewable Energy Agency (ARENA)*.

ARENA funding helped build the largest solar PV plants in the Southern Hemisphere at Nyngan and Broken Hill. And there are countless more clean energy projects and technologies that would never have made it to market without grants from ARENA.
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Why is it that they can't make it to market in economic terms.
Look at Texas, massive amounts of solar and I don't think they are subsidised.
 
Knobby22 said:
Why is it that they can't make it to market in economic terms.
Look at Texas, massive amounts of solar and I don't think they are subsidised.
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Loans in US at 2%, loans here at 8% spot the difference? ;)
I might exagerate but that is a key factor in term of ROI
 
pixel said:
Winners and Losers
a neat summation to be found here: http://www.abc.net.au/news/2016-05-...udget2016|Outbrain|budget-2016-winners-losers

Winners: :xyxthumbs
Small Business
Upper-middle earners
Drivers
Defence
Young Job Seekers (???)
and The ATO

Losers: :cry:
Multi-Nationals
Smokers
Working parents
Uni students
Public Service
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Can't fund Science or Climate change agency; can't afford helping innovation in alternative clean energy; can't help working parents either... So cut and cut.

Can't afford much at the moment, so corporations will have to live with less tax cut, too.

Pretty sure I read it right from Morrison... that while Australian's corporate tax is not yet "globally competitive"... we can't afford it just yet so only 2% this year alright boys?

:eek:
 
pixel said:
Drivers
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Only those who use certain roads in Vic and SE Qld.

Everyone else seems to gain nothing although we do of course have the re-introduced indexation of fuel excise that came from last year's budget.:2twocents
 
Smurf1976 said:
Only those who use certain roads in Vic and SE Qld.

Everyone else seems to gain nothing although we do of course have the re-introduced indexation of fuel excise that came from last year's budget.:2twocents
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Well Smurph, from my recent sojourn to the apple Isle, the last thing Tassie needs is better roads.

I thought they were brilliant, no traffic lights at off ramps and on ramps, flyovers, underpasses magic.

Come to W.A, we have traffic lights at every on and off ramp, every major intersection.

Traffic lights and barriers on every train crossing, including those in the middle of nowhere.

They even put in speed reduction signs on a motorway, at an intersection, rather than just install an extra lane to enable cars to get up to speed before merging.
That does have the added benefit of being a place to stick a speed camera.lol

I found driving in Tassie an absolute breath of fresh air.:D
 
Ves said:
Thanks for the link. I'm a bit of a numbers guy, so always nice to see the raw data.
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No drama Ves, happy to oblige and that the link proved useful.

Numbers, where would we be without these little pearls? :)
 
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