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Thread: Oz Politics.

  1. #20721
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    Default Re: Oz Politics.

    I note the new ALP tax plan means a change to the dividend imputation rules. As far as I can tell they were put in to remove double taxation on profits. A Howard amendment meant that as a non taxpaying shareholder you get money back from the franked credit. It's certainly part of my retirement income. It has encouraged local investment. Another big change to Super arrangements though present setups are likely to be untouched, only future ones.

    Korman asked this morning talked about Shorten.

  2. #20722
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    Default Re: Oz Politics.

    Quote Originally Posted by skuthorp View Post
    I note the new ALP tax plan means a change to the dividend imputation rules. As far as I can tell they were put in to remove double taxation on profits. A Howard amendment meant that as a non taxpaying shareholder you get money back from the franked credit. It's certainly part of my retirement income. It has encouraged local investment. Another big change to Super arrangements though present setups are likely to be untouched, only future ones.

    Korman asked this morning talked about Shorten.
    They ( Labor ) would be doing themselves a big favor not making it retrospective.
    If you are the smartest person in the room, you are in the wrong room.

  3. #20723
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    Default Re: Oz Politics.

    This from the ABC, the headline is confusing.
    http://www.abc.net.au/news/2018-03-1...policy/9541016
    The definition of stupid has got to be the belief that more guns will negate the bloodshed done with guns.

  4. #20724
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    Default Re: Oz Politics.

    'Staggering': $90 billion lost in resources tax.


    An Oxford University expert says Australia would be $90 billion better off if it adopted European-style resource tax policies and argues the Turnbull government has given up on collecting a meaningful amount of revenue from some of its most valuable resources.
    In one of a suite of new submissions to a Senate inquiry, Oxford Institute for Energy Studies academic Juan Carlos Boué warned unless Australia "radically overhauled its fiscal regime" it would have the second lowest share of government revenue from oil and gas in the world.

    https://www.theage.com.au/politics/f...05-p4z2uv.html

    If you are the smartest person in the room, you are in the wrong room.

  5. #20725
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    Default Re: Oz Politics.

    Well that's about as good a summary as I have read so far Gary. Of course this may be just another political kite.

  6. #20726
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    Default Re: Oz Politics.

    Quote Originally Posted by WX View Post
    This from the ABC, the headline is confusing.
    http://www.abc.net.au/news/2018-03-1...policy/9541016
    Complex tax laws.
    If you are the smartest person in the room, you are in the wrong room.

  7. #20727
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    Default Re: Oz Politics.

    Quote Originally Posted by Portland View Post
    Of the Shearwater ?.
    I'm not on FB , but Leyla is.
    There is something on FB.
    Try Moyne Shire whale boat shearwater , or something.
    I've got photos of his ships boat build.
    Rob J.

    very pretty boat - beautiful work!
    https://www.facebook.com/moyneshirec...8287523644622/
    Philip K. Dick — 'Reality is that which, when you stop believing in it, doesn't go away'.

  8. #20728
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    Default Re: Oz Politics.

    A nice job !!
    '' You ain't gonna learn what you don't want to know. ''
    Grateful Dead

  9. #20729
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    Default Re: Oz Politics.

    A beautiful sight, looks light as a feather on the water.

  10. #20730
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    Default Re: Oz Politics.

    The definition of stupid has got to be the belief that more guns will negate the bloodshed done with guns.

  11. #20731
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    Default Re: Oz Politics.

    Shudder.
    '' You ain't gonna learn what you don't want to know. ''
    Grateful Dead

  12. #20732
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    Default Re: Oz Politics.

    The banking RC may deliver more than the Feds will like it seems, one bank at least has already admitted fraud. But whether the results will be fully released, let alone acted on is another matter entirely.

    OTOH events sparked by US instability and the rise of China and Russia may overtake everyone.

  13. #20733
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    Default Re: Oz Politics.

    Yes, I'd be suprised if all results are released but it would be good to see some serious fines imposed , something noticeable by the banks.

    Turnbull's response or lack of response to the 30 negative polls was amusing.
    '' You ain't gonna learn what you don't want to know. ''
    Grateful Dead

  14. #20734
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    Default Re: Oz Politics.

    It will be interesting to see how much the ALP tax plan is modified once a poll is taken. Surely they've done their research and decided that most of the effected wouldn't vote for them anyhow, which is how the LibNats operated for decades. The task of the Govt is to scare the small investors enough to change their vote.


    BTW: Evidently the biggest proportion of Australian political donations, to both sides, are undeclared and untraceable. And neither side are likely to do anything effective about the ongoing indirect bribery.
    Last edited by skuthorp; 03-13-2018 at 06:43 PM.

  15. #20735
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    Default Re: Oz Politics.

    Quote Originally Posted by skuthorp View Post
    It will be interesting to see how much the ALP tax plan is modified once a poll is taken.
    Considering how many changes they are proposing , ( capital gains , negative gearing , dividend imputation , company tax cuts , and possibly personal income tax cuts ).... I would think they would stick to their guns ...and still get elected. Getting all that new legislation through later , is another matter. Only time will tell.

    The feeling in the air is for a change in government , that is clear.
    If you are the smartest person in the room, you are in the wrong room.

  16. #20736
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    Default Re: Oz Politics.

    Quote Originally Posted by skuthorp View Post
    It will be interesting to see how much the ALP tax plan is modified once a poll is taken. Surely they've done their research and decided that most of the effected wouldn't vote for them anyhow, which is how the LibNats operated for decades. The task of the Govt is to scare the small investors enough to change their vote.

    BTW: Evidently the biggest proportion of Australian political donations, to both sides, are undeclared and untraceable. And neither side are likely to do anything effective about the ongoing indirect bribery.
    I was channel surfing the other night and inadvertently landed on the 7:30 Report , something I usually do not waste my time watching....

    A tale of Woe from a middle aged nurse who owed 3.7 million to a fist full of banks.She bought ELEVEN " investment properties " on interest only. Forward several years , and behold , the loans are converting to interest and principal now.

    Her banks are foreclosing on her now of course. She is crying fowl ! claiming things were not " sufficiently explained " to her.
    She had over $ 500.000 in her super fund before she decided to turn herself into a " two bob millionaire ".

    I wonder how many of those stories are out there waiting to turn into train wrecks ?.
    If you are the smartest person in the room, you are in the wrong room.

  17. #20737
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    Default Re: Oz Politics.

    Quote Originally Posted by Wet Feet View Post
    I was channel surfing the other night and inadvertently landed on the 7:30 Report , something I usually do not waste my time watching....

    A tale of Woe from a middle aged nurse who owed 3.7 million to a fist full of banks.She bought ELEVEN " investment properties " on interest only. Forward several years , and behold , the loans are converting to interest and principal now.

    Her banks are foreclosing on her now of course. She is crying fowl ! claiming things were not " sufficiently explained " to her.
    She had over $ 500.000 in her super fund before she decided to turn herself into a " two bob millionaire ".

    I wonder how many of those stories are out there waiting to turn into train wrecks ?.
    I think the point was ,she was acting on bank advice, very poor bank advice.
    '' You ain't gonna learn what you don't want to know. ''
    Grateful Dead

  18. #20738
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    Default Re: Oz Politics.

    Quote Originally Posted by PeterSibley View Post
    I think the point was ,she was acting on bank advice, very poor bank advice.
    Oh , I`m sure she was Peter , my point was in reponse to this :

    The task of the Govt is to scare the small investors enough to change their vote.
    This government is doing it all by itself by protecting the banks. The banks are not helping with that message.

    There will be many more hard luck stories like this one.
    If you are the smartest person in the room, you are in the wrong room.

  19. #20739
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    Default Re: Oz Politics.

    It would take more than they have to scare me enough to vote Liberal.
    '' You ain't gonna learn what you don't want to know. ''
    Grateful Dead

  20. #20740
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    Default Re: Oz Politics.

    Quote Originally Posted by PeterSibley View Post
    It would take more than they have to scare me enough to vote Liberal.
    Oh yes indeed.
    If you are the smartest person in the room, you are in the wrong room.

  21. #20741
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    Default Re: Oz Politics.

    John Hewson is right about cash refund on these imputation credits :

    The former Liberal party leader John Hewson backed Labor’s proposal, but he expressed surprise that there were no grandfathering arrangements to protect people who had structured their investments and retirement income streams under the current rules.

    In giving in-principle endorsement, Hewson said a key element of tax reform was a careful examination of tax concessions. “If you look at the history of this one, where did it come from?
    “It came from a decision in the Howard government when they were going to tax trusts and the sweetener was to give a cash refund on these imputation credits,” Hewson said. “Howard decided not to tax trusts but left the sweetener at a time when the budget was flush with money.

    “If the income we are looking at is $87,000, how much do people have in assets to earn $87,000? A million to a million-and-a-half in assets? There is an equity dimension to this.”

    https://www.theguardian.com/australi...end-imputation

    If you are the smartest person in the room, you are in the wrong room.

  22. #20742
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    Default Re: Oz Politics.

    '' You ain't gonna learn what you don't want to know. ''
    Grateful Dead

  23. #20743
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    Default Re: Oz Politics.

    Dutton..... as you would expect .https://www.theguardian.com/australi...rs?CMP=soc_567

    No racism there eh ?
    '' You ain't gonna learn what you don't want to know. ''
    Grateful Dead

  24. #20744
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    Default Re: Oz Politics.

    A thoroughly nasty bit of work………………..

  25. #20745
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    Default Re: Oz Politics.

    So much more deserving than those terrible Syrians !
    '' You ain't gonna learn what you don't want to know. ''
    Grateful Dead

  26. #20746
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    Default Re: Oz Politics.

    Ready made righties……………...

  27. #20747
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    Default Re: Oz Politics.

    Yes, they'll be SO grateful.
    '' You ain't gonna learn what you don't want to know. ''
    Grateful Dead

  28. #20748
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    Default Re: Oz Politics.

    Hmm, well the Rhodesian leader has just reversed the Mugabe policies because the country was a basket case. It used to be the breadbasket of southern Africa, and was when Mugabe took over.
    You need to look at the history of both places, Sth Africa was founded, like the US, by fundamentalist protestants fleeing fundamentalist catholic Spanish rule in Holland, and Catholic France. Rhodesia was an illegal grab by British non-government buccaneers, (https://www.angloboerwar.com/other-i...e-jameson-raid) in an attempt to overthrow the Boer Republic and grab the gold and diamonds. As history tells us the Brit. Government also lusted for the riches and so the Boer Wars.
    Rhodesia was old fashioned colonialism writ large, with all the exploitation, virtual slavery, confiscation of lands etc. Those such practices by white europeans that were so common where ever they encountered an aboriginal population on lands they thought they might just steal 'by right'.
    My Step fathers ancestors were Hugenots, in Africa since 1640. He always called himself African and there was mixed ancestry on the continent. And I imagine they might be grateful as it happens, as would be Victor's relatives still in Sth Africa today.

  29. #20749
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    Default Re: Oz Politics.

    https://www.scribd.com/document/3286...eeting-minutes

    I’d love to know what the s47c bits say.
    The definition of stupid has got to be the belief that more guns will negate the bloodshed done with guns.

  30. #20750
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    Default Re: Oz Politics.

    It took a lot of courage, and only a man like Mandela would have been capable of it, for S.Africa to not become another Zimbabwe.
    Looks like it could only hold out so long.
    I wonder what white S.Africans are doing to share the wealth and ease the pain, other than paying for big walls to be built around their houses and armed guards at the gates.
    Philip K. Dick — 'Reality is that which, when you stop believing in it, doesn't go away'.

  31. #20751
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    Default Re: Oz Politics.

    Meanwhile, back at Border Farce, the boss get's the sack, basically for in-house nookie and preference.

    Who'd a thunk it eh?

    But it's the first time ever in Aus that a Statutory Officer has been sacked for corruption. Which says a lot for the integrity of the PS.

  32. #20752
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    Default Re: Oz Politics.

    UK and European " outrage " over nerve agent attack . Not on " our " turf.

    So , how long has this lunatic been killing children with chemicals ?



    If you are the smartest person in the room, you are in the wrong room.

  33. #20753
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    Default Re: Oz Politics.

    Not ours either to listen to Dutton, they're not officially white.
    '' You ain't gonna learn what you don't want to know. ''
    Grateful Dead

  34. #20754
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    Default Re: Oz Politics.

    Heck no ! Don`t mention the " W " word Peter ... Multicultural and all....
    If you are the smartest person in the room, you are in the wrong room.

  35. #20755
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    Default Re: Oz Politics.

    Quote Originally Posted by skuthorp View Post
    Meanwhile, back at Border Farce, the boss get's the sack, basically for in-house nookie and preference.

    Who'd a thunk it eh?

    But it's the first time ever in Aus that a Statutory Officer has been sacked for corruption. Which says a lot for the integrity of the PS.
    He still walks away with a tidy sum.
    The definition of stupid has got to be the belief that more guns will negate the bloodshed done with guns.

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