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IndyWatch Aussie Politics Feed was generated at Australian News IndyWatch.
It’s not exactly good news as in things will only get better from here on in, but it is pleasing to see the Treasurer finally figuring out what has to be done to make things work. The headline says it all: Morrison to cut company taxes; income taxes to wait years. I wonder how hard he had to fight our good news Prime Minister to get this policy up.
Salary earners will have to wait some years for an income tax cut after Treasurer Scott Morrison confirmed on Thursday that company tax cuts will be his priority in the federal budget.
After indicating on Tuesday that the government had ditched plans for the income tax cuts it has been pledging for several months, Mr Morrison told Parliament the best way to fund income tax cuts was through economic growth. And the best way to drive economic growth was by reducing the 30 per cent company tax rate.
“We understand the burdens faced by people who are paying higher and higher rates of income tax. We understand that and we understand the best way to deal with that … [is to] grow the economy so you can grow revenues to support those changes,” he said.
“That’s the way you do it and that’s what this government is seeking to do. We’ll focus our changes on things that will drive investment, as we’ve considered many tax measures over the course of the past six months.”
Mr Morrison said the “golden rule” was to choose tax changes that would drive jobs and growth. “These are the benchmarks we set against the tax measures of this government,” he said.
This has always been the political answer to the years of Labor waste and mismanagement. If the country really wants all that free stuff, they will have to pay for it. And if the Budget is used to underscore t...
It’s ugly – the “rich” are being whacked as ever.
So here is the break down for the top 25%, middle 50% and bottom 25%.
The top 25% of taxpayers are paying 67.5% of net income tax. The top 5% are paying 33.4% of net income tax at an average effective tax rate of 37%.
Then the break down for those companies that have net tax payable > $1,000,000.
So half of one per cent of companies earned 68% of taxable income, paid nearly 76% of net company tax with an average effective tax rate of 26.37%.
What submitters on the OGP
Mid-Term Self-Assessment Report said they wanted in the next
A large number of the submitters queried the Government’s openness in light of the current negotiations for the Trans-Pacific Partnership Agreement. In terms of the relative importance of other issues raised, Government performance in terms of freedom of information and public record-keeping were noted by a number of submitters as the most important areas for improvement.What the OGP Independent Reporting Mechanism recommended we do:
Yesterday Simon Chapman had an op-ed in the Conversation where he went through 10 smoking myths. Number 5 struck me as just being wrong:
5. Governments don’t want smoking to fall because they are addicted to tobacco tax and don’t want to kill a goose that lays golden eggs
This is perhaps the silliest and most fiscally illiterate argument we hear about smoking. If governments really want to maximise smoking and tax receipts, they are doing a shockingly bad job of it. Smoking in Australia has fallen almost continuously since the early 1960s. In five of the 11 years to 2011, the Australian government received less tobacco tax receipts than it did the year before (see Table 13.6.6).
Now Chapman and I are never going to agree on too many things, so let me first stop and point to where we are in furious agreement.
If governments really want to maximise smoking and tax receipts, they are doing a shockingly bad job of it.
I would never want to criticise anyone pointing out that the government is doing a “shockingly bad job”.
In all seriousness, Chapman is correct on that point. As I wrote in my submission (PDF) to the Parliamentary Joint Committee on Law Enforcement Inquiry into Illicit Tobacco.
Two forms of taxation need to be distinguished. In the first instance tobacco could (and should) be subject to Ramsey taxation. The so-called Ramsey Rule suggests that goods and services should...
Five years ago, the National Party suspended Cantabrians'
democratic right to elect their local government, and imposed a
dictatorship to give their water away to farmers. But that
apparently wasn't enough - the dictatorship is also
systematically ignoring water theft by farmers:
Nearly one in five monitored consent holders with permission to take water in Canterbury were significantly breaking the rules, according to figures from the regional council.More than 350 farmers were found to be violating their consents and taking too much water. And yet only nine of them were served with abatement notices, and none seem to have been prosecuted, let alone having their consents cancelled. Its pretty clear whose side the dictatorship is on, and it isn't the people of Canterbury's.
After an unusually dry season in which river flows dropped significantly, it has emerged hundreds were caught breaching their resource consents for taking water.
Many were either taking too much water, or taking water during a restricted period.
Two years ago, when the government was developing its first
National Action Plan for the Open Government
Partnership, it engaged in
a mockery of consultation, designed purely to
"show to the OGP that they had done 'some' consultation". The
public were "consulted" on a decisions that had already been made,
and the OGP principle of co-creation with civil society went out
According to documents just released on the State Services Commission's website, they're planning to repeat that process.
First, there's a draft high-level timeline for the action plan development process. This shows a "consultation and engagement process" beginning next month and running until late May - but also shows that the submissions will be analysed and the draft document submitted to the OGP before the process even finishes:
So, if you take their submission deadlines at face value, sorry, your submission will be ignored.
Secondly, rather than co-creating with civil society as the OGP requires, SSC has already decided what will be in the action plan. They have a list of themes, wh...
I never know until the election whether I am in Melbourne Ports or Goldstein since I live on the cusp and, like the German border with Poland, it keeps moving back and forth. But what I do know is that one of the advantages Labor has over the Coalition is that the selection stream for getting to the top largely travels through the union movement. And among the many things that are learned by being a union official is how to address a crowd. There is always in every workplace someone who is a natural born agitator, but only some of these have political sense and even after that, only some of these have an ability to speak persuasively in public. It is these who rise to the top of the ALP. The policy packages they offer may be maximally damaging to the country, but they certainly can sell. Think Bob Hawke as the archetype.
On the Coalition side, there are few places for a candidate to hone their thoughts or learn the ability to speak in the face of opposition before they make it into Parliament. There are fewer opportunities to be tested in a real showdown, with ideological knives out and values on the line. It has always been a disadvantage to the right side of politics, and not just in Australia, that it does not develop the kinds of speakers that are so common on the left. Which is all preamble to the post by Andrew Bolt the other day on The Liberals need warriors, not worriers, where he begins his post with words I understand only too well:
The Liberals lack MPs who not only understand Liberal values but have the guts and skill to argue for them publicly. It needs MPs who can hold their own against the ABC and the largely Leftist media, and rally the public to their cause. How many MPs do you know like that?
The finalists seeking the Liberal nomination in Goldstein are down to three....
Woe betide me – why do you hate us so? Where would you conservatives and libertarians be if we Fairfax journos didn’t offer a daily fare to sink your teeth into?
The nonsense I see on this blog about the domination of the left – if it were so why would Fairfax be shedding journalists? Why would the Guardian be shedding journalists? Why would the ABC be shedding journalists?
We need balance – the blogosphere is dominated by right-wing nutters and this is crowding out sophisticated and thoughtful traditional journalism.
Do you think I can live by writing on a blog? No, I need full-time paid employment where I can offer my acolytes the wisdom of my years.
I know this post will cause many Cats to foam at the mouth – it sort of proves the point that we need Government support for good critical and progressive thinking.
Unfortunately with the new media technology causing pressure on traditional newspaper sales there is really one option.
The ABC should take over Fairfax and should expand from broadcasting into print media. This would enable the SMH, Age, AFR etc to be sold at cost price, maybe even given away free.
Fellow Australians, we cannot allow Fairfax to fail. It must be nationalised.
Incomes in New Zealand are dropping on a per-person basis, Finance Minister Bill English has admitted.
Although figures out yesterday showed strong economic growth - at 2.5 percent overall - much of that had been driven by strong immigration flows, with a net gain of about 65,000 people in the past year.
The real national disposable income per capita fell 0.4 percent for the year.
So Fairfax staff responded to news of mass redundancies by going on strike. On the one hand making it easier for management to identify who should be made redundant while, on the other hand, annoying its now long-suffering but obviously true believer customers.
It’s currently raining in Melbourne and despite being wrapped in plastic my home delivery copy of the AFR is wet. So I thought I’d read it online – but no, the site is down. All the Fairfax sites that I tried to access are down. No doubt, some saboteur striker has spiked the websites too.
Clearly people who never miss an opportunity to miss an opportunity.
The media industry is suffering massive disruption from new technologies and old fashioned government crowding out. The old business model is simply not generating enough revenue for media companies to survive, let alone thrive. One solution to that problem is for the media to revert to a patronage model. Fairfax could have had a patron with deep pockets to support it – yet the staff went well out of their way to drive off Gina Rinehart.
So while it is true that corporate failure has a massive human cost for employees, many of the Fairfax employees share (some of) the blame, along with decades of complacent management, for their current predicament.
Update: The Fairfax sites are back up.
I hope the Government’s plan is a little more cunning than Baldrick’s
Baldrick: Don’t worry Mr B, I have a cunning plan to solve the problem
Blackadder: Yes, Baldrick, let us not forget that you tried to solve the problem of your mother’s low ceiling by cutting off her head.
But in this case I think there is long-term strategic merit in cosying up to the Greens.
So a plan that wipes out the wacky independents, increases the probability of LNP government, brings more democracy to the Senate, br...
A study by the Herald's Matt Nippert has found
pervasive tax-cheating by multinational corporations in New
A major Herald investigation has found the 20 multinational companies most aggressive in shifting profits out of New Zealand overall paid virtually no income tax, despite recording nearly $10 billion in annual sales to Kiwi consumers.
The analysis of financial information of more than 100 multinational corporations and their New Zealand subsidiaries showed that, had the New Zealand branches of these 20 firms reported profits at the same healthy rate as their parents, their combined income tax bill would have been nearly $490 million.
But according to their most-recent accounts filed with the Companies Office, most covering the 2014 calender year, these 20 companies overall paid just $1.8m in income taxes after several claimed tens of millions of dollars in tax deferments and losses.
The companies in question, including Facebook, Google, Pfizer and Pernod Ricard, said they followed New Zealand laws and differences in profitability between its New Zealand operations and elsewhere were the results of different business models.
Confronted with growing job queues, increasing poverty, record deficits and burgeoning debt, Scott Morrison and Malcolm Turnbull are looking more and more like rabbits caught in the headlights. Alan Austin reports. read now...
Turdball and Di Natale, are a real Double Disillusion! Well, with all the expectations heaped on Turdball since the carefully engineered (albeit long overdue, and well deserved) demise of The Abbott, the disappointment, disgust and disillusionment has been steadily building, to … Continue reading
"The report, which was never intended for public disclosure, reveals the extent to which the more than $46 billion project has drifted off course, mainly during the time when Mr Turnbull was in direct control as communications minister - the portfolio he held before replacing Tony Abbott as Prime Minister in September……
Judith Sloan and I share an abject contempt for that odious maggot Tony Windsor. The skunk slunk off in 2013 rather than being defeated by Barnaby Joyce.
Well it seems the worm has returned. He somehow thinks he will defeat Joyce in New England.
How long, Windsor, will you go on abusing our patience?
How many times can you betray the voters of New England? Were they impressed by that act of villainy you and that equally disgusting piece of detritus, Oakeshott, inflicted by supporting a far left Labor Government?
And then you go on and on and on in some boring monologue trying to justify your return. As if you could sing like Nellie Melba. When your harsh and monotonous voice sounds like fingernails against a chalkboard.
Why not ask for forgiveness and enter a Monastery to undergo penitence and devote yourself to good deeds to offset your betrayal?
But, no, like a typical narcissist you can’t cope out of the limelight.
As Judith wrote on 28 August 2013,
To my mind, Windsor is one of the grubbiest, self serving slugs about when it comes to politicians. … He is an example of the worst kind of politician – a condescending know-it-all who supports policies that are harmful to ordinary people and is only too happy to use taxpayer money to support his pet causes. The pork barrelling that has gone in the seat of New England is just obscene.
I was very unhappy when decided to retire. I would have travelled to New England to campaign against him. His defeat was at the very top of my bucket list.
Well, Judith, it seems that opportunity has presented itself again. I’ll see you in New England, and we can help drive the toad out of New England forever. This is the man who complains about coal mining and yet sold his farm to a wholly owned subsidiary of Whitehaven Coal for almost $5 million.
The leech’s hypocrisy knows no bounds.
Go, prick t...
The first of the Trump anti-Hillary ads and it’s on foreign policy where a very large part of the battle for the presidency will be fought. After the last seven years and by then it will be eight, it will undoubtedly be time for a change, and Obama’s former Secretary of State, the woman who oversaw the disaster in Libya and much else, will definitely not bring that change.
It’s hard to imagine how bad Obama’s foreign policy has been. Here in this article by Niall Ferguson we get some of it but hardly the full horror of its incompetence and arrogant stupidity. It’s from The Atlantic and titled, Barack Obama’s Revolution in Foreign Policy. The first para sets the scene:
It is a criticism I have heard from more than one person who has worked with President Obama: that he regards himself as the smartest person in the room—any room. Jeffrey Goldberg’s fascinating article reveals that this is a considerable understatement. The president seems to think he is the smartest person in the world, perhaps ever.
And after traipsing through Obama’s deep thoughts on foreign policy, this is where we end.
If you think you are smarter than every foreign-policy expert in the room, any room, then it is tempting to make up your own grand strategy. That is what Obama has done, to an extent that even his critics underestimate. There is no “Obama doctrine”; rather, we see here a full-blown revolution in American foreign policy. And this revolution can be summed up as follows: The foes shall become friends, and the friends foes. . . .
If the arc of history is in fact bending toward Islamic extremism, sectarian conflict, networks...
|IndyWatch Aussie Politics Feed Archiver|
IndyWatch Aussie Politics Feed was generated at Australian News IndyWatch.
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