The Elephant in the room - Taxation

[wayneL]

GST is not paid by businesss so it's not a tax on their revenue.

The gst is deducted from the revenue they bring in.

If a business charges you $110, they have to pass $10 along to the government, leaving them with $100.

If they purchased $55 worth of goods from a supplier in order to make what they sold to you, they deduct the $5 gst they paid to the supplier from the $10 they owe the government and pass along the remaining $5.

We have to pay to administer it however. We are unpaid tax collectors.

 

[farmerge]

We have to pay to administer it however. We are unpaid tax collectors.

And because of it, in my opinion, is why Mr C Ash is so strong still. I love it.

 

[farmerge]

And today's job when I finished it, I was presented with a white envelope (not a brown paper bag) with the rewards of the day's labour. A nice amount of folding.

 

[qldfrog]

And today's job when I finished it, I was presented with a white envelope (not a brown paper bag) with the rewards of the day's labour. A nice amount of folding.

Beware of the ATO spies..humans and machines

 

[mullokintyre]

I just love it when an organisation that pays no tax starts demanding that parties other than themselves need to pay a lot more tax.
From The Australian

Mick

 

[farmerge]

I just love it when an organisation that pays no tax starts demanding that parties other than themselves need to pay a lot more tax.
From The Australian
View attachment 160040
Mick

And while the Union is on about a super tax on the richest companies, how about taxing all the non tax paying religious organisations also

 

[sptrawler]

I just love it when an organisation that pays no tax starts demanding that parties other than themselves need to pay a lot more tax.
From The Australian
View attachment 160040
Mick

Yes dumb $ht, tax private companies, so that the Government can give the money to private companies, to build the social housing the Government used to build. Dumb and Dumber.
Why not demand the Governments re start the housing commission departments again, where the State Governments employ 1,000's of apprentices every year, where every dollar that is put into social housing goes to social housing rather than into profits and rorts.
No we can't do that, that would be too sensible, let's just increase taxes and improve the rorts, which allows Government to do what it does best social engineering, rather than structural engineering. ?

 

[rnr]

And while the Union is on about a super tax on the richest companies, how about taxing all the non tax paying religious organisations also

Registered Australian charitable organizations are exempt from paying income tax in Australia.

 

[farmerge]

Registered Australian charitable organizations are exempt from paying income tax in Australia.

I know and there is plenty of them

 

[qldfrog]

And while the Union is on about a super tax on the richest companies, how about taxing all the non tax paying religious organisations also

Or all orgs...

 

[farmerge]

Or all orgs...

Religious roganisations some of the wealthiest in the world

 

[rnr]

Or all orgs...

Hi @qldfrog,

So do you really believe that it is equitable to tax, say charitable organizations which are basically funded by donations (if they are lucky) and run by volunteers, on any profits they make in a year?

Cheers Rob

 

[farmerge]

Hi @qldfrog,

So do you really believe that it is equitable to tax, say charitable organizations which are basically funded by donations (if they are lucky) and run by volunteers, on any profits they make in a year?

Cheers Rob

@rob I think most would agree that not for profit charaitable orgs would be safe. But there ar plenty of spunging groups out there such as religious orgs raking in the dollars one way or another.

 

[JohnDe]

I am very happy that I sold my Qantas shares, however, disappointed that I have Qantas points. I will use the points, but not keen to fly with them since they became political.

Qantas takes support for the voice to parliament to the skies with ‘yes23’ livery​

Qantas will not rule out further measures to drum up support for the voice to parliament after painting three of its aircraft with the “Yes23” campaign logo.

The Qantas Boeing 737, Jetstar A320 and QantasLink Dash 8 were unveiled at a major event in Sydney on Monday attended by Prime Minister Anthony Albanese, the voice architect Noel Pearson, former AFL star Adam Goodes and Qantas’ entire senior leadership team.

Outgoing chief executive Alan Joyce said they were backing the campaign because they believed “a formal voice to government would help close the gap for First Nations people in important areas like health, education and employment”.

 

[JohnDe]

oops, posted in the wrong thread

 

[qldfrog]

Hi @qldfrog,

So do you really believe that it is equitable to tax, say charitable organizations which are basically funded by donations (if they are lucky) and run by volunteers, on any profits they make in a year?

Cheers Rob

So for example, your local bowl club, surf live saver or tree planting group..so many..get involved in commercial activities...cafe restaurant or pure business nursery nursing home man shed carpentry..
.and so compete and undercut the businesses next door as they do not pay tax? Worse they often get subsidies...sure it is fair ?
Cheaper drink and meals there for a reason on given land....
Australia with half the size of France has from memory 100 times more charitable not for profit registered organisations. I could be wrong
In the 15-20 000 registered here still from memory ..
And not for profit does not mean you can not pay your employees or top creators top $, with FBT advantages on the top. Do you really believe our former pm JG was turning blue of compassion and self giving?
Imagine you create a baby saving device ..example I know well, the path to fortune in Australia is not via a Pty ltd but creating a charitable org, and be paid to manage it via that org
Look at a nice clean example , and just one among many: Movember...
Great idea plenty of volunteers..now look at the guys behind and the $ involved... It came to my knowledge when I saw the $ offered on a marketing position I was shocked and that was a decade ago
And sorry to break your illusions

 

[divs4ever]

I am very happy that I sold my Qantas shares, however, disappointed that I have Qantas points. I will use the points, but not keen to fly with them since they became political.

sold out of my inherited QAN shares in November 2014 and haven't regretted it for a moment , i last flew with them in 1955 ( as a toddler )
have since flown with Air New Zealand and Cathay Pacific and never bothered with loyalty points

if the business/service is good i don't need to be bribed to stay loyal

 

[divs4ever]

So for example, your local bowl club, surf live saver or tree planting group..so many..get involved in commercial activities...cafe restaurant or pure business nursery nursing home man shed carpentry..
.and so compete and undercut the businesses next door as they do not pay tax? Worse they often get subsidies...sure it is fair ?
Cheaper drink and meals there for a reason on given land....
Australia with half the size of France has from memory 100 times more charitable not for profit registered organisations. I could be wrong
In the 15-20 000 registered here still from memory ..
And not for profit does not mean you can not pay your employees or top creators top $, with FBT advantages on the top. Do you really believe our former pm JG was turning blue of compassion and self giving?
Imagine you create a baby saving device ..example I know well, the path to fortune in Australia is not via a Pty ltd but creating a charitable org, and be paid to manage it via that org
Look at a nice clean example , and just one among many: Movember...
Great idea plenty of volunteers..now look at the guys behind and the $ involved... It came to my knowledge when I saw the $ offered on a marketing position I was shocked and that was a decade ago
And sorry to break your illusions

yes there are some rorts heavily exploited which spoil it for the genuine community efforts

 

[rnr]

So for example, your local bowl club, surf live saver or tree planting group..so many..get involved in commercial activities...cafe restaurant or pure business nursery nursing home man shed carpentry..
.and so compete and undercut the businesses next door as they do not pay tax? Worse they often get subsidies...sure it is fair ?
Cheaper drink and meals there for a reason on given land....
Australia with half the size of France has from memory 100 times more charitable not for profit registered organisations. I could be wrong
In the 15-20 000 registered here still from memory ..
And not for profit does not mean you can not pay your employees or top creators top $, with FBT advantages on the top. Do you really believe our former pm JG was turning blue of compassion and self giving?
Imagine you create a baby saving device ..example I know well, the path to fortune in Australia is not via a Pty ltd but creating a charitable org, and be paid to manage it via that org
Look at a nice clean example , and just one among many: Movember...
Great idea plenty of volunteers..now look at the guys behind and the $ involved... It came to my knowledge when I saw the $ offered on a marketing position I was shocked and that was a decade ago
And sorry to break your illusions

Hi @qldfrog,

My apologies for the delay in responding to your post.

You certainly didn't "break" my illusions!
Unfortunately, as we are all well aware, the minority so often spoil it for the majority.
From a personal level I will continue to enjoy my unpaid volunteer work as the reward for me is far greater than money.

According to the ACNC there are approximately some 60,000 "not for profit" organizations in Australia.

Cheers, Rob

 

[qldfrog]

Hi @qldfrog,

My apologies for the delay in responding to your post.

You certainly didn't "break" my illusions!
Unfortunately, as we are all well aware, the minority so often spoil it for the majority.
From a personal level I will continue to enjoy my unpaid volunteer work as the reward for me is far greater than money.

According to the ACNC there are approximately some 60,000 "not for profit" organizations in Australia.

Cheers, Rob

60000 yeap a profitable business indeed.not even sure it includes rural fire brigades , etc where thousands of volunteers also give time.
I did volunteered too time and efforts, french group, scouts, rfb, but have turned very cynical from experiences.
And plenty to do on my farm(s)...