What's King Henry up to on taxes?

[Buckeroo]

I'm starting to get nervous - every so often we hear of hints being leaked about the work King Henry is doing on Tax reform (typical KRudd spin)

So far, its seems to be about giving the States additional revenue. This is worrying particularly as they have been excessive & irresponsible in their spending since....maybe when the GST was introduced.

Past tax reviews have been about spreading the burden & reducing the overall tax take through lower Government spending. This current tax review is beginning to sound more like a revenue raising exercise to fund a Socialist program? - I hope not.

So what have we got so far?

Capital gains on owner occupied housing > 2m
State income tax
Superannuation in for another tinkering
Federal resource tax to replace royalties

Cheers

 

[trainspotter]

Got to pay of the deficit ooooooops I mean "stimulus packages" somehow I suppose. And now the pain begins.

 

[drsmith]

Capital gains on owner occupied housing > 2m
I thought Henry had denied this (I know someone denied it).
State income tax
Might still have the power but nah.
Superannuation in for another tinkering
Superannuation is always in for another tinkering.
Federal resource tax to replace royalties
Then there's the biggest tax daddy of them all..........

.......Carbon Tax.

 

[trading_rookie]

Talk of adding CGT to the family home, from memory only if it's worth more than a mil. Even talk of adding a road tax...apparently according to these *experts* it will mean less congestion on the roads!!

 

[Smurf1976]

That we will pay for the economic misadventures of recent years, and now the "stimulus" is a certainty.

The only question is what form that payment will take - that we will pay, with interest, is a given in my opinion.