Australian Politics, Mark II


#6869

Ummm… I may regret asking, but who is Advance Australia and Captain Get Up?


#6870

there was a Utopia episode on this. brilliant.


#6871

A confection of hard-right Liberal adherents dedicated to competing with Get Up.

Owner of Kennards is a major member.


#6872

He’s the own goal that keeps on owning


#6873

Electric jetskis is where the real money will be next decade.


#6874

If you’re right, then the real money will be in jetski maintainence and repairs


#6875

“Whispering Death”


#6876

EFA


#6877

Electric Jetskis sounds like an 80’s rapper from Croatia


#6878

Oh dear…

A recording of comments made by the Liberal candidate for the Victorian seat of Chisholm appearing to describe LGBTI issues as “ridiculous rubbish” has emerged after she claimed yesterday that stories about it were “fake news” and not representative of her own views.


#6879

The Dutton defence - she was only relaying what she had been told and that it was taken out of context. But she put it out in a Chinese cultural context.


#6880

120k CAs, similar numbers with CPAs, the RE industy 120k+, Banking industy, small business industry, retirees + all the related parties. The numbers start to eventually stack up.

They are certainly kicking the hornets nest here (and to date most of the messaging from the above has been out of the limelight)

This is really the ALPs election to loose here, but this has a small whiff of a Trump style result.


#6881

Many Accountants spend all their waking hours devising ways to evade tax. You don’t seriously believe that all the evasion schemes and tax rorts are the creation of business owners.

Now maybe that is their job, but it does allow the rich to get richer and the rest of us having to carry the tax burden.

And if your Accountant cannot do your tax and other related stuff for under $3000 a year then I bet he is saving you a lot more than that with a scheme or a rort.


#6882

Watched QandA tonight.

James McGrath is an epic ■■■■■■■, he actually managed to make Malcom Roberts look calm and considered in comparison.


#6883

I’m a small business owner. I actually asked my accountant, as would most, “how do I minimise tax”. His highly technical answer was “contribute to your Super or buy an investment property. Virtually everything else is at least slightly dodgy and may come apart at the seams one day”.

I probably need a better accountant, lol.


#6884

It took one ad break during Raiders last night for me to already be sick of election material.


#6885

I will take things that never happen for $400, thanks.

Most people will default to the easy option with regards to tax, will not tax plan and will not budget. Hence why the government loves people to use mytax. Easy to lodge and hello easy to miss your allowable deductions = more money for the government. Keep the masses in the line and hope they don’t ask questions.

Reality is we have one of the most complex tax systems in the world with two tax acts (36 and 97) and every Australian tax resident has the right to get advice to understand and navigate the system.

There is so much that can go into a $3,000 bill (which is only 10 hours work at $300 h/r). Tax planning, CGT advice, inheritance tax issues, investment property, tax/non-tax residents, ATO tax audits, private rulings, employee share advice etc

It is stupid policy. Fingers crossed they persist with this stupid policy and the silent minority become the silent majority (who stay of twitter and away from polling stations)


#6886

No-one’s actually stopping anyone paying more than $3000 are they?


#6887

The majority of people that are worried about Muslims, are those who have probably never met one.
Ie. rural electorates


#6888

You can pay as much as you like for Accountants, you just will only be able to claim the first $3000, no different to many other allowances for individuals.

Business is exempt.

And our Tax Legislation may be voluminous, but personal income tax is very simplified, especially when you compare it to many other places like the USA.

It is Company Tax that is the big issue, with too many options to avoid and evade.