The Turnbull Government

SirRumpole · 8 December 2016

noco said:
No business is going to invest in a country with higher taxes......Singapore and Honk Kong are at 17%...The USA will be lowering their tax rate next year....We are in a very competitive world when it comes to taxation......No No...higher taxes is not the way to go....Higher taxes = less investment and higher unemployment.

Businesses are more likely to "invest" in labour eliminating technology than jobs. Even the governments optimistic outlooks predict only a 1% increase in GDP in 20 years from it's planned business tax cuts. Big deal.

Small and medium businesses employ 70% of the workforce and they are unlikely to go elsewhere.

IMO if Trump goes ahead with his business tax cuts he will have to cut services or raise personal income tax to pay for them and he will be voted out at the next election.

moXJO · 8 December 2016

Tisme said:
I'm no fan of Labor (Rumpole will attest to that), nor the LNP, but I'm not convinced we would have weathered the fallout without the massive pump priming. That is not to say there weren't programs that I disapprove of, but it's fairly obvious the monies are still washing through the system if investment has been going backwards, but the gdp growth has only just started to slow down.

We don't have a manufacturing industry to buffer us and essentially we are a services based economy, which means we don't have any inertia to carry us through large dips and peaks. Howard had already sold off the farm to make a large deposit into the public service super so we couldn't mortgage that.

Anyone who think ~$20b would have solved our problems is naive......

NZ didn't cash splurge and faired better then we did. All Labor did was cash splurge on mates.
It was too much at once. Probably the greatest waste of money in Australian history.

moXJO · 8 December 2016

SirRumpole said:
Which is why is pretty pointless just cutting business taxes. If the consumers aren't spending, business doesn't make money.

Better to cut low and middle income taxes and get people spending which is going to increase business profits and increase tax receipts from GST and business tax.

Consumers run the economy and they are not spending right now because as you pointed out government charges and taxes are rising which eats away at discretionary spending ability.

I agree.
To late for business tax cuts. People don't have the money to spend and are getting squeezed further. Full time jobs are gone, job security gone, add to this rising costs and our future is already written.

noco · 8 December 2016

SirRumpole said:
Businesses are more likely to "invest" in labour eliminating technology than jobs. Even the governments optimistic outlooks predict only a 1% increase in GDP in 20 years from it's planned business tax cuts. Big deal.

Small and medium businesses employ 70% of the workforce and they are unlikely to go elsewhere.

IMO if Trump goes ahead with his business tax cuts he will have to cut services or raise personal income tax to pay for them and he will be voted out at the next election.

I guess 1% is better than none at all.

In this competitive world market, business will invest in countries with a lower tax rate......With the down turn in commodity prices, tax incentives are a must if you want business to invest in Australia...More investment means more jobs.....But we must also have cheap and reliable power......Business will turn away from SA and Victoria with the increase in prices and unreliable supply of electricity.

Trump would not be game to raise personal income tax...that is a furphy.

Your mentor Paul Keating lowered the corporate tax rate from 49% to 32.5%......Chris Bowen also believes in a lower tax rate to encourage investment.

You still do not understand how business works.......You still have not answered my question from a previous post about your work experience.

http://www.abc.net.au/news/2016-06-... those relied on by the Gillard government. [/B]

SirRumpole · 9 December 2016

We now have a full fledged climate sceptic government that ignores the advice of it's hand picked Chief Scientist when it comes to the best way to lower power prices AND lower emissions.

Australia won't meet Paris climate change targets, urgent policy needed on emission reduction: Finkel report

A leaked report into the country's electricity market says Australia is not on track to meet the Paris climate change commitments and that investment in the sector has stalled because there is no long-term Government policy to reduce carbon emissions.

AM has obtained a copy of the preliminary independent report led by Australia's chief scientist Alan Finkel, which will be released later today at the COAG heads of government meeting.

It says there is an urgent need for a clear policy on reducing emissions, there is currently no way Australia can reduce carbon levels to what was promised in the Paris Agreement, and is critical of elements of the Government's Direct Action policy.

The report also refers to an emissions intensity scheme as being a good option to reduce emissions and to keep electricity prices low, although this week the Government categorically ruled it out as a possible option for Australia's future energy policy.

Tristan Edis, the director of Green Energy Markets, said the findings would not be a shock to senior figures in the Government.

http://www.abc.net.au/news/2016-12-09/australias-energy-policy-cant-meet-current-targets/8105386

Tisme · 9 December 2016

When State Premiers start setting the agenda and timetable for national activities to fill good policy vacuums at a Federal level ............................

Tisme · 12 December 2016

If 36% of large companies don't pay any tax, how is lowering the tax rate going to help them?

Maybe we could give them a subsidy to make them competitive on the world stage and provide jobs and growth in, say, India?

SirRumpole · 12 December 2016

Tisme said:
If 36% of large companies don't pay any tax, how is lowering the tax rate going to help them?

Maybe we could give them a subsidy to make them competitive on the world stage and provide jobs and growth in, say, India?

I think we need another way to tax business. Something that they can't avoid or pass on to their customers.

Cutting down on rorts would help, like ridiculous interest rates on "internal company loans" .

noco · 12 December 2016

SirRumpole said:
We now have a full fledged climate sceptic government that ignores the advice of it's hand picked Chief Scientist when it comes to the best way to lower power prices AND lower emissions.

There is little doubt when Lenore Taylor, a well known left wing socialist and chief Editor of the Guardian Newspaper becomes involved and comes to the rescue of Tristan Edis and the debacle in South Australia,one gets the impression of a Green taint in the air...There is a similar taste with Alan Finkel.

Much of what has been reported has been grossly exaggerated as we found out about the reporting on the Great Barrier Reef....We get a report from an ex CEO of GRMPA about how the Reef will never recover and then we get a counter report from the present CEO stating it was all a 10 fold exaggeration.....Why can't these so called scientist tell us the truth....They get found out eventually.

https://www.theguardian.com/sustain...ork-out-what-caused-south-australias-blackout

sptrawler · 12 December 2016

I wonder how long it will be, before Turnbull gets flipped?

noco · 12 December 2016

sptrawler said:
I wonder how long it will be, before Turnbull gets flipped?

The sooner the better IMHO.

sptrawler · 12 December 2016

noco said:
The sooner the better IMHO.

Agree 100%, it was dumb to replace Abbott, there was a reason Turnbull was removed before and nothing has changed.

SirRumpole · 12 December 2016

sptrawler said:
Agree 100%, it was dumb to replace Abbott, there was a reason Turnbull was removed before and nothing has changed.

There was a reason Abbott was removed too. Something about popularity ratings I think.

sptrawler · 12 December 2016

SirRumpole said:
There was a reason Abbott was removed too. Something about popularity ratings I think.

That's what thee media said about Trump, see how that went, the silent majority would prefer to have a choice.

Currently we have two wishy washy leaders, that offer nothing other than more of the same, the masses aren't happy.

noco · 12 December 2016

sptrawler said:
That's what thee media said about Trump, see how that went, the silent majority would prefer to have a choice.

Currently we have two wishy washy leaders, that offer nothing other than more of the same, the masses aren't happy.

I can't recall in my life time such an unruly Government and Opposition...Both have got this country in a mess with very little improvement in site....Something will have to give on both sides in the National interest of this great country.

Perhaps a change of leadership on both sides.....Perhaps a new party who are prepared to take a strong stand.

luutzu · 12 December 2016

noco said:
I can't recall in my life time such an unruly Government and Opposition...Both have got this country in a mess with very little improvement in site....Something will have to give on both sides in the National interest of this great country.

Perhaps a change of leadership on both sides.....Perhaps a new party who are prepared to take a strong stand.

Hanson and One Nation, perhaps?

McLovin · 12 December 2016

luutzu said:
Hanson and One Nation, perhaps?

God help us. Look at the ratbags and half-wits she's surrounded herself with this time around. One is a sovereign citizen, the other one doesn't believe the courts have authority because the GG is paid in dollars not pounds.

Both parties need to stop giving so much air time to fringe issues and focus on things like the fact wages aren't rising.

Tisme · 12 December 2016

sptrawler said:
I wonder how long it will be, before Turnbull gets flipped?

That depends on the quality of succession and whether the Labor Party want to keep him there.

The Liberal Party has a large stubborn group of jingoists who won't see reason, won't see compromise, won't negotiate, won't get with the program of governing a nation with good governance. They are too busy trying to outdo each other as the party's penultimate party faithful above all else.

Any lesson the voters sent has been lost on this glib crowd of average talent.

My frustration is that none of them seem capable of putting up anything erudite, anything leading edge, anything nationalistic anything that suggests we are going somewhere with anything .... perhaps they are worried they will get the same hammering the School Halls, Pink Batts and NBN got from within there own ranks.... set the bar too low perhaps?

SirRumpole · 12 December 2016

Tisme said:
That depends on the quality of succession and whether the Labor Party want to keep him there.

The Liberal Party has a large stubborn group of jingoists who won't see reason, won't see compromise, won't negotiate, won't get with the program of governing a nation with good governance. They are too busy trying to outdo each other as the party's penultimate party faithful above all else.

Any lesson the voters sent has been lost on this glib crowd of average talent.

My frustration is that none of them seem capable of putting up anything erudite, anything leading edge, anything nationalistic anything that suggests we are going somewhere with anything .... perhaps they are worried they will get the same hammering the School Halls, Pink Batts and NBN got from within there own ranks.... set the bar too low perhaps?

Intellectual paralysis are the words I would use.

At least Labor is putting out some policies, whatever you may think of them, but those policies are pretty timid too.

No one seems to have come up with a counter to transfer pricing and intra company loans that let multi nationals avoid billions in tax. How hard is it to disallow interest payments on loans within a business where the interest rate is much higher than than the current cash rate ?

Labor also seems paralysed by it's last mining tax fiasco. They had the principle of a RRT right, but they had the wrong design. They should show some courage and revitalise a mining tax.

Tisme · 12 December 2016

SirRumpole said:
Intellectual paralysis are the words I would use.

At least Labor is putting out some policies, whatever you may think of them, but those policies are pretty timid too.

No one seems to have come up with a counter to transfer pricing and intra company loans that let multi nationals avoid billions in tax. How hard is it to disallow interest payments on loans within a business where the interest rate is much higher than than the current cash rate ?

Labor also seems paralysed by it's last mining tax fiasco. They had the principle of a RRT right, but they had the wrong design. They should show some courage and revitalise a mining tax.

They should find a man who kicks in obstacles and leads for the whole of us regardless of how stupid people are for voting Labor, Liberal or Greens. Someone the opposition individuals would be proud to be singled out for a verbal hiding as a badge of worthwhile .... a fricken Paul fricken Keating ... someone we can all love to hate and hate to love, but feel inspired to journey down the road with him for reward. Costello et al enjoyed being lectured by Paul, it made them household names.

The Turnbull Government

SirRumpole

moXJO

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