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open24hours posted:Jesus Christ they are fuckwits. For those not familiar with Canberra, the Department of Immigration is currently located in Belconnen and, along with the ABS, is one of the major employers in the area. Belconnen is a thriving area with shops, schools, services and public transport. Immigration employees presumably also live in the area. Also Belconnen is probably the most difficult commuting area of Canberra to get to the airport business park from, yet will be where most employees currently live, own houses, have kids in school etc.
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Mar 27, 2017 08:18
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| # ¿ May 4, 2024 06:03 |
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This is such an odd time in Australian politics. Turnbull is both incapable and utterly wedged on all sides. His front bench is pathetic so has nobody talented jockeying to succeed him - even the most nutballs members of his backbench have to realise PM Dutton, Bishop or Morrison are not going to be able to turn this around barring a major terrorist incident or something. When they inevitably lose, this time their path back will be impeded by One Nation and divergent goals with the Nationals. Party funding has dried up - their largest donor is the PM himself (another reason he may be difficult to shift - did he or can he buy the role?).
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Mar 27, 2017 21:43
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hooman posted:Do businesses only pay taxes on profits. I mean if they were making money and funneled that money into expansion/growing the business wouldn't that reduce their taxable income rather than that being taxed? The answer to this is "it depends" which usually translates to companies managing their business to avoid paying taxes. Retained profits can be reinvested back into the business to increase its capital worth, and would be taxed. But there are numerous ways to get around this (or even do the reverse and carry losses forwards to be offset by revenue in future years). The other big deal about these cuts is that it will mostly benefit foreign investors, as Australian investors have access to dividend imputation, that is if the company has paid tax on the profits the dividends are 'franked' and you don't have to pay personal income tax on the receipts (in effect they are adjusted to ensure you don't pay more or less than your marginal tax rate). This gives another out for avoiding tax. Pretty much no other country allows this and many will have lower corporate tax rates but they effectively (supposedly) get paid twice, once by the company and once by the individual. Other countries also charge the equivalent of the Medicare levy on employers rather than citizens, or charge company income tax at both the federal and state level so the point is you can't compare like for like in regards to national company tax rates, the differences in systems makes it difficult. None of this nuance is ever discussed in the media or by the Government, of course, it's just whatever single points of information support whatever argument they want to make. Edit: basically our tax system is horrible and over complex. It isn't collecting enough and there are a gazillion loopholes. It means public discourse is nearly impossible because only accountants who advise big firms on tax minimization/avoidance/evasion actually understand it, and they always lobby to make it more complex. Blamestorm fucked around with this message at 09:08 on Mar 31, 2017 |
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Mar 31, 2017 09:02
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