He couldnt run a communications portfolio without delays and going over budget how do you think he will run the country? Malcolm looks after Malcolm, screw the country.
At least if voters put Labor back behind the wheel next year, it will accelerate Australia's financial demise so that we may end up getting some kind of decent structural reform sooner rather than later. Get on with it I say
Big decisions and agreements on tax changes it seems. From The Age The sudden thawing of opposition to long-term reform possibilities that has come with the Turnbull prime ministership means superannuation concessions for the well-off, entirely ruled out of consideration by the Abbott government for political reasons, are firmly back on the agenda with all parties agreeing such arrangements need to be scrapped if they are not "fit for purpose". Also in the frame are capital gains tax concessions on property held for longer than 12 months, and negative gearing on property, both of which have been criticised for having unintended consequences, such as distorting real estate markets and driving prices beyond the reach of first home buyers. "There was a very, very strong agreement that concessions needed to be looked at," said Business Council of Australia Chief Executive Jennifer Westacott. Moves to more strongly align the needs of industry with training and university courses were also embraced. "I think the more important discussion we've had today though is what is the nature of work ... and how you get a collaborative framework for lifting productivity and opportunity," Ms Westacott said. The agreement to examine all ideas represents the first time in years that anything like a consensus over taxation reform has emerged between capital, labour, and welfare groups, with the support of the national government. Read more: http://www.theage.com.au/federal-po...l-as-national-mood-lifts-20151001-gjz7pa.html
I always thought he was given that portfolio by TA knowing full well it was going to be a failure. then the Australians story about it the day before the spill cemented that idea for me
Believe it or not, I thought it was encouraging that Turnbull is actually talking to the opposition about tax reform rather than just shouting at everybody to take their medicine.
Yeah well, with Turnbulls huge property portfolio he would never touch negative gearing. Wind back negative gearing and you wouldn't need any tax rises, plus that would balance the budget on current figures.
"I'm not talking about raising the GST" ~PM Malcolm Turnbull Technically correct. Treasury is doing the talking and Turnbull is doing the "discovering". A 15% GST is initially estimated to extract $24.5 billion in extra taxes from the economy and add $2915 a year in taxes to the average household (before bracket creep). And GST exemptions could be removed so get ready for the possibility of an extra 15% added to silver from bullion dealers on top of the additional expense added by falls in the AUD that may result from this.
Stop handing out so much foreign aid to countries we don't trade with, encourage long term unemployed that are capable of working to work, and put them put back into the workforce. Fix our own issues first GST was supposed to be introduced for us to pay tax where we use it. i.e. drive a car, pay gst on rego, insurance etc. But instead we tax everything and still have less money. If the government invested in infrastructure instead of throwing away money in the gfc, we might have been alot better off
In an economy that's slowing and about to slow further, it's going to have the reverse effect as people tighten their belts further. If the government is struggling already to raise revenue from GST, it indicates that consumers or your average consumer is already struggling.
Never thought I'd ever say this, but I actually would like the above to happen. Probably more accurate to say - let the SHTF, let's "pay the piper" as it were, reset the whole shebang, and start afresh. It's the economic "hanging around on death's door" that's getting old and tired.
I was also thinking along the lines of this about the BOSS When it comes to GST I remembered this Enjoy
Turnbull properties: * Point Piper home $50m (est) * Manhattan apartment $3.28m * Paddington terrace $2.8m * Canberra apartment $2m * Potts Point commercial property $2.5m plus * Pastoral properties Hunter Valley Held by family company, Wilcrow.