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alisoncc 31st Mar 2015 15:59

I am well aware that it's the 1st April, but these two headlines caught my eye today.

$10bn tax-free gift to retirees - The Australian 1/4/15

http://users.on.net/~alisoncc/australian.jpg

and

Top firms' tax moves a $25 billion hit to budget - The Age 1/4/15

http://users.on.net/~alisoncc/age.jpg


So how much does Joe Hockey need to balance his budget? One suspects that like most cowards, goes looking in places where recipients have least ability to hit back. Like cuts to Legal Aid budgets aimed at Community Legal Centres.

MTOW 31st Mar 2015 21:45

ABC 702 Sydney this morning with a very good April Fool joke with the presenter interviewing Tony Jones of QandA as the new presented for the ABC's long-running 'Play School'.

Repeated comments about the need to prepare children for the real political world (= indoctrinate them early a la the Jesuits).

I suppose there'll be a few who will have fallen for it, but the interesting thing about the joke is its tacit admission from the ABC insiders themselves that on QandA, they DO indoctrinate rather than inform the not so littlies.

chuboy 1st Apr 2015 00:37


Originally Posted by alisoncc (Post 8927688)
So how much does Joe Hockey need to balance his budget? One suspects that like most cowards, goes looking in places where recipients have least ability to hit back. Like cuts to Legal Aid budgets aimed at Community Legal Centres.

Something something lifters and leaners :suspect:

SOPS 1st Apr 2015 00:57

As he seems unable to understand the laws and customs of Australia, I suggest he is deported as quickly as possible.

NSW father found guilty of procuring 12yo daughter as 'child bride' - ABC News (Australian Broadcasting Corporation)

MTOW 1st Apr 2015 02:31

Only problem with that SOPS, is that he's third of fourth generation Australian. There are no so rabid as recent converts. Although in this case, the bloke seems to have some deep personal problems in dealing with having a teenage daughter that can have little to do with religion.

I've always had extreme difficulty understanding paedophilia in any of its forms. I have a very similar problem with understanding any man who would wish his 12 year old daughter married off to a 26 year old - and that's totally removed from any religious connotation.

RJM 1st Apr 2015 03:32

Don't believe everything you read in the Age:

The Age claims the 900 biggest companies are paying an effective tax rate of 19.3%, “costing” the government $25b in “lost tax” when compared with the 30% corporate tax rate.

What a scandal....but then read on.

Oh, the 900 top companies include loss making companies that do not pay tax, raising the effective tax rate to 21% when they are excluded.

And then it is disclosed the top 900 include super funds that pay 15% tax, and other company structures that pass on tax liabilities to the shareholder (ie they pay zero tax).

But there is no disclosure what the effective tax rate is once the super funds and other zero-tax entities are excluded. It's probably closer to 27%. At this level, the imaginary $25b of “lost tax" from those cheating corporates evaporates to almost zero.

RJM 1st Apr 2015 03:34

This will be good:

The Palmer United Party has announced plans to sue turncoat senators Jacqui Lambie and Glenn Lazarus for about $9 million for allegedly breaking their promise to represent the party in parliament.

In a statement today, the PUP’s national director Peter Burke said the lawsuits would hinge on promises purportedly received from Senators Lazarus and Lambie that, if elected in 2013, they would remain with the party for their full six-year terms.

“Relying on those promises, the party spent millions of dollars and thousands of party supporters worked hard to get Mr Lazarus and Ms Lambie elected,” Mr Burke’s statement read.

“They have now broken their promises and the party will seek to recover in the courts, under the principle of promissory estoppel, those party funds.

“It is anticipated the party’s claim against Mr Lazarus will be in the order of $7 million, equivalent to the amount the party spent in Queensland, and more than $2 million for what was spent getting Ms Lambie elected in Tasmania.”

Moral: Don't f*ck with Clive!

MTOW 1st Apr 2015 04:45

For quite possibly the first time ever I wish Cloive well. In Tassie in particular.

... and may, just this once, the wheels of the law spin quickly.

Faint hope...

chuboy 1st Apr 2015 04:48


Originally Posted by RJM (Post 8928404)
Don't believe everything you read in the Age:

The Age claims the 900 biggest companies are paying an effective tax rate of 19.3%, “costing” the government $25b in “lost tax” when compared with the 30% corporate tax rate.

What a scandal....but then read on.

Oh, the 900 top companies include loss making companies that do not pay tax, raising the effective tax rate to 21% when they are excluded.

Amazing that a Top 900 company would be loss making. I daresay theres tens or hundreds of millions of tax foregone through crafty transactions taking place between the Cayman Islands, Ireland, et al. IKEA, Google and Apple all freely admit to structuring their finances in this way.

Reform on this is placed in the too hard basket, meanwhile initiatives that save less than the annual tax bill of one multinational while hurting the disadvantaged are touted as the answer to our country's woes :hmm:

bosnich71 1st Apr 2015 05:22

Chuboy .. the same thing is happening all over the world in respect of multi nationals but no government, whether left or right, is doing anything about it.
You mentioned Ireland as one of the countries who make themselves available to tax fiddlers and it has always puzzled me how they, as part of the E.U.do not get told what they should do as do all other countries who are part of that evil organisation. Then again perhaps they do get told but just ignore the "directives", in which case good luck to them.

RJM 1st Apr 2015 06:40

I thought the same about 'loss making companies'. You can understand speculative miners losing money, but not so much other companies. Why would the shareholders put up with it?

Anyway, forget tax and have a laugh. Clive Palmer is suing Jacqui Lambie and Glen Lazarus - for desertion, basically.

Lambie started her own party yesterday - $500 to join. Perhaps she got wind of Palmer's law suit. Palmer's after $2 million from Lambie aqnd $7 million form Lazarus to repay what he says he spent of the Chinese government's money to get them elected.

Lazarus left because Palmer sacked his wife. Lambie left because Clive stopped returning her calls.

The saddest part is that if Clive bankrupts Lambie, as the leaderr of her own party, she gets to choose her replacement!

Correction: if Clive bankrupts Lambie, she's no longer a member of her one woman party, under S5.1 of its constitution, lodged with parliament yesterday.

rh200 1st Apr 2015 07:28

People seem to have a problem with relative comparisons and keeping perspective on whats achievable when you try and limit tax minimization.

The top companies can do this for several reasons, there are rules that apply to every one, they have the best fu$king accountants and lawyers. As such they can minimize their tax the best.

For the vast majority of of their minimization, they are using the same techniques as every other business, its just they have bigger cash flows, hence bigger returns.

Maybe we should look at how much they get back in terms of relative figures of their incomes instead of headline grabbing absolutes!

The same goes for super, I read that link and didn't know whether to laugh or cry. Just another divisive move by the left.

bosnich71 1st Apr 2015 08:26

I received a questionnaire from my local Federal M.P...... she who was parachuted in to replace the prior one who went on to be a much revered P.M.. Ho,ho!.... today asking me questions ref. Broadband speeds and whether my life was being blighted by slow internet etc. I was able, quite truthfully, to assure her that I was very satisfied with my present arrangement and asked if she could spare time from her Abbott bashing exercise to do something about the 3 level crossings in the electorate that actually do cause her voters grief on a daily basis as well as the nigh on impossible traffic conditions on the freeway into Melbourne etc. etc. which can only get worse as governments of all colours continue to allow developers to build more and more houses in the area without first ensuring that there is the infrastructure in place to support the massive increase in the local population ..... up from 30,000 plus in 1974 to an estimated 200,000 in a couple of years time. Just a small slice of the mooted $ 40 billion cost of broadband might have helped somewhat.
If I do hear from the lady in question I'm sure it will be a load platitudes about how a future Labour government will soon sort out all the problems but in the meantime it is obviously all the fault of Abbott.

RJM 1st Apr 2015 08:40

In the neverland of the Greens, travel by cars will hardly be necessary. Bicycles and public transport will be there to take us and the products of our cottage industries to a market square where we can barter our goods for tallow candles and whatnot.

Beware the Greens!

bosnich71 1st Apr 2015 09:17

RJM .... Yes there are lots of Greens in Melbourne most of whom seem to live in inner city suburbs, those places where there is a tram line at the end of the street, or at least a rail/bus route into the city. Perhaps before the next general election we could turn off all power stations, except windmills etc. of course, for a couple of months and then see how many green votes we get.

Hempy 1st Apr 2015 09:39


I was able, quite truthfully, to assure her that I was very satisfied with my present arrangement and asked if she could spare time from her Abbott bashing exercise to do something about the 3 level crossings in the electorate that actually do cause her voters grief on a daily basis as well as the nigh on impossible traffic conditions on the freeway into Melbourne etc. etc. which can only get worse as governments of all colours continue to allow developers to build more and more houses in the area without first ensuring that there is the infrastructure in place to support the massive increase in the local population ..... up from 30,000 plus in 1974 to an estimated 200,000 in a couple of years time.
An impressive sentence. I'm sure your 'member' gave it all the consideration it deserves..

I have no time for the Greens. They started on Bob Browns 'stop the Franklin Dam' bandwagon (which, if you've been to the Tasmanian SW was indeed a worthy cause) but have degenerated into a fringe group of seat fillers.

It does, however, speak of the paucity of genuine political leadership in the country today that they keep getting elected. "Abbott bashing" is just as justified as "Rudd/Gillard" bashing was. As much as I disliked some of Howards 'American Love', the man at least knew how to unify.

Where is the genuine leadership? At the moment there is none.

RJM 1st Apr 2015 19:01

There more than just a fringe group of seat fillers, Hempy. They're a Trojan horse for a variety of Trots, Marxists and the rest of them. Serious socialists dedicated to the overthrow of capitalism, one world government aficionados and so on.

Anyway, far be it from me to peddle a rumour, but a 'reliable source' suggests that there's a second Billy Gordon problem about to engulf the new Labor government in Queensland, and that the Queensland public service is already gearing up for a new election. Make of that what you will.

Captain Sand Dune 1st Apr 2015 20:36


It does, however, speak of the paucity of genuine political leadership in the country today that they keep getting elected.
How very true. I have maintained for some time now that Australia is a country sorely in need of firm leadership, but populated by those least likely to accept it.
In my darker moments I occasionally think that maybe a crisis of some sort (invasion, major natural disaster) is needed to focus the nation's attention.

MTOW 1st Apr 2015 21:48

Interesting to hear a story you thought you were familiar with reported by a different source.

Most here will be familiar with the No Land Tax Party and the place it occupied in the recent NSW State election. this little-known party had won the first position on the ballot paper in the NSW Upper House poll and was therefore assured of more votes than it would otherwise have gleaned thanks to the so-called 'donkey vote'.

An ex-union official named Peter Jones occupied the #1 slot in that Party's ticket for the Upper House and the Party had fielded candidates for 93 Lower House seats, some of those candidates allegedly dead or at least not on the electoral roll.

Volunteers were offered $30.00 an hour to man polling booths and offered bonuses if their booth gained a certain percentage of seats.

The shock jocks on 2GB (Hadley, Jones possibly others) ran a pretty vocal campaign in the days leading up to the election attempting to warn people that the whole exercise looked decidedly dodgy and that volunteers ran a very high risk of not being paid.

To add another element to an already rather 'interesting' situation, the No Land Tax Party was left off the iPoll site and now they're demanding that the Upper House election be re-run (as it was in Western Australia when bags of votes went missing).

Phew! I hear you say if you've got this far...




But now, I was listening to the ABC's radio National this morning and heard an interview with Mr Jones. In ABCland, the whole No Land Tax Party imbroglio is a cunning plot by senior Liberal Party (or [gasp!] ex-Liberal Party) figures to put an independent (who's 'secretly' their man) into the NSW Upper House.

bosnich71 2nd Apr 2015 00:28

Hempy ....'I'm sure your member gave it all the consideration it deserves'. Presumably that statement was tongue in cheek.
It's fairly obvious that "my" local member has sent out these questionnaires to all of her electorate... 65% of whom voted Labour at the last election, just as they have for the previous 40 plus years... purely as an Abbott bashing exercise instead of getting on with what she should be doing which is representing her electorate in the Federal parliament with regard to matters which affect us on a day to day basis. Of course she is no different to the any other politician of any other party as they all play these sort of games.
With regard to the NBN matter, this morning I received a letter from NBNCo informing me that they will be fitting a 'box' to my property. ( Oh happy day!) Personally I have no idea what NBN is all about and at my stage of life am entirely uninterested in it in any way as I find my internet connection fine for all that I do with it. However I am somewhat p*****d off every time I have to drive anywhere and am held up in traffic at rail crossings and on freeways that have not altered since I first moved to this area in 1979 despite the huge growth in population in this district since then.


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