Honestly, I dont see how that 15% GST is going to return us to surplus fast enough.
What we need to be doing, is just killing all the poor people, and the sick who dont have private health cover. Oh, and single parents, ■■■■ them off too.
This death by 1000 cuts method his highly inefficient.
Everyone’s missing the point.
The only reason they are talking about the need to raise the GST is that they have farking mismanaged the economy so badly ever since they got in, and did so for no other reason than to keep their billionaire mates happy.
So the media lead by Murdoch decide that the only discussion will b the “need” to raise the GST, rather than get these Rsoles to have a decent economic policy.
Edit: And they can start saving millions right away by sacking McDevitt and his wasteful ASADA cronies.
Time to buy a bike from China? http://www.theage.com.au/federal-politics/political-news/gst-on-lowvalue-imported-parcels-moving-closer-20150721-gihfgy.html
■■■■■■■ CALLED IT!
It’s not the 10% that bothers me, it’s the processing fee that will come along with it.
All parcels from HK or China already come labelled as ‘gifts’ anyway (even though I don’t ask it to be). How will they validate the purchase price and also the contents?
If it was more reasonable, maybe $200 limit would be better than $20.
It's not the 10% that bothers me, it's the processing fee that will come along with it.All parcels from HK or China already come labelled as ‘gifts’ anyway (even though I don’t ask it to be). How will they validate the purchase price and also the contents?
If it was more reasonable, maybe $200 limit would be better than $20.
I couldn’t care about the GST though. Last thing I bought from OS cost $900 at local retailers vs $300 from the US. Same package I got something for $180 that I could not source in Oz at all. A niche hobby here (white water kayaking) means I often get shafted whenever i want to buy gear locally but more often than not I simply CAN’T get the stuff I want here. Gerry Harvey can go suck it with the garbage he spreads about overseas purchasing - it’s all about him, not Australia.
It's not the 10% that bothers me, it's the processing fee that will come along with it.All parcels from HK or China already come labelled as ‘gifts’ anyway (even though I don’t ask it to be). How will they validate the purchase price and also the contents?
If it was more reasonable, maybe $200 limit would be better than $20.
Pretty much. GST is supposed to be a “simple” tax, but administering the application of GST on a $20 HK import will cost far more. So either the tax loses money or imports get charged GST AND additional import fees.I couldn’t care about the GST though. Last thing I bought from OS cost $900 at local retailers vs $300 from the US. Same package I got something for $180 that I could not source in Oz at all. A niche hobby here (white water kayaking) means I often get shafted whenever i want to buy gear locally but more often than not I simply CAN’T get the stuff I want here. Gerry Harvey can go suck it with the garbage he spreads about overseas purchasing - it’s all about him, not Australia.
Same thing here as a Model Railroad enthusiast. Quantity, variety and specialised items are supremely hard to come by and you sometimes have no choice but to import. Getting slugged a $20 handling fee for a $3 pack of screws which can’t be sourced here seems pretty stupid to me.
If the item isn’t available here whose business are you hurting?
All parcels from HK or China already come labelled as 'gifts' anyway (even though I don't ask it to be). How will they validate the purchase price and also the contents?
Good question.
I ordered some cheap cycling gear off Wiggle while here in India and got slugged with ‘import fees’. The cost of delivery + the import fees ended up being more than the products themselves. I have no idea how some nobody loser in a customs department can accurately predict the cost of items he’s never seen before.
Great news guys.
I heard today it’s our choice, higher GST or higher Medicare levi.
Why not have both.gif
All parcels from HK or China already come labelled as 'gifts' anyway (even though I don't ask it to be). How will they validate the purchase price and also the contents?Good question.
I ordered some cheap cycling gear off Wiggle while here in India and got slugged with ‘import fees’. The cost of delivery + the import fees ended up being more than the products themselves. I have no idea how some nobody loser in a customs department can accurately predict the cost of items he’s never seen before.
Doesn’t matter what the tax is, the poor get slugged and the rich avoid it. GST is already bullshite; you can buy whatever you like through your Company or Family trust and reclaim the GST back each month. Us poor working slobs cannot do that.
I favour either a GST where there is no rebate or reclaiming given for business or trusts; or a turnover tax, so that all companies pay a 10% tax on their turnover. Raise the imcome tax free threshold to $50,000 then take 15% of everything over $50,000 to $200,000 and then $25% of everything over $200,000. No other taxes needed from anywhere including State fees and Council rates.
Trust me, I know these things.
Doesn't matter what the tax is, the poor get slugged and the rich avoid it. GST is already bullshite; you can buy whatever you like through your Company or Family trust and reclaim the GST back each month. Us poor working slobs cannot do that.I favour either a GST where there is no rebate or reclaiming given for business or trusts; or a turnover tax, so that all companies pay a 10% tax on their turnover. Raise the imcome tax free threshold to $50,000 then take 15% of everything over $50,000 to $200,000 and then $25% of everything over $200,000. No other taxes needed from anywhere including State fees and Council rates.
Trust me, I know these things.
I was under the impression that GST wasn’t refunded in the cases you explain above, it’s more about not double dipping. So a farmer buys grain and pays GST. They then sell some cows and charge GST. One GST is subtracted off the other. But in a trust they aren’t selling anything that attracts GST so they can’t offset it against GST paid on expenses.
** NOT AN ACCOUNTANT!!!
** DO AGREE WITH YOU IN PRINCIPLE!!!
Doesn't matter what the tax is, the poor get slugged and the rich avoid it. GST is already bullshite; you can buy whatever you like through your Company or Family trust and reclaim the GST back each month. Us poor working slobs cannot do that.I favour either a GST where there is no rebate or reclaiming given for business or trusts; or a turnover tax, so that all companies pay a 10% tax on their turnover. Raise the imcome tax free threshold to $50,000 then take 15% of everything over $50,000 to $200,000 and then $25% of everything over $200,000. No other taxes needed from anywhere including State fees and Council rates.
Trust me, I know these things.
I was under the impression that GST wasn’t refunded in the cases you explain above, it’s more about not double dipping. So a farmer buys grain and pays GST. They then sell some cows and charge GST. One GST is subtracted off the other. But in a trust they aren’t selling anything that attracts GST so they can’t offset it against GST paid on expenses.
** NOT AN ACCOUNTANT!!!
** DO AGREE WITH YOU IN PRINCIPLE!!!
Correct that you deduct the amount of GST that you pay off the amount you collect, send the rest to the ATO or get a refund. You and I cannot do that.
Most Farms are owned by family trusts, and they register for GST, so they charge GST on what they sell and then can claim back everything to pay GST on. Most Property Investors alo operate through family trusts so the same crap applies.
Understand that if you don’t collect any GST in any given month then you can still claim back all you pay and get a refund.
I’d just like the tax office to take their tax avoidance rule seriously and actually prosecute. Same thing for trusts and companies to actually tighten the allowed use of these things. You can’t ban them outright because they were invented for very good reasons but you can tighten the use and regulations of them.
Start by reversing all Howard’s vote buying measures.
Start by reversing all Howard's vote buying measures.This free trade agreement is going to allow foreign companies to sue when government changes laws that impact their profitability. I can see a Lib govt. bringing in similar laws to allow private trusts and local corporations to do the same.
Start by reversing all Howard's vote buying measures.This free trade agreement is going to allow foreign companies to sue when government changes laws that impact their profitability. I can see a Lib govt. bringing in similar laws to allow private trusts and local corporations to do the same.
Yep. Corporate profits over national sovereignty. An absolute obscenity. And something no government should be able to do.
If the Gst rorts are that obvious and lucrative, just set up a Trust and get on with cleaning up, then.
Oh, and if you dont think that removing the Gst refund section wont see a huge price rise in every in service you pay for, then say hello to the fairies in your back garden for me.
Doesn't matter what the tax is, the poor get slugged and the rich avoid it. GST is already bullshite; you can buy whatever you like through your Company or Family trust and reclaim the GST back each month. Us poor working slobs cannot do that.I favour either a GST where there is no rebate or reclaiming given for business or trusts; or a turnover tax, so that all companies pay a 10% tax on their turnover. Raise the imcome tax free threshold to $50,000 then take 15% of everything over $50,000 to $200,000 and then $25% of everything over $200,000. No other taxes needed from anywhere including State fees and Council rates.
Trust me, I know these things.
I was under the impression that GST wasn’t refunded in the cases you explain above, it’s more about not double dipping. So a farmer buys grain and pays GST. They then sell some cows and charge GST. One GST is subtracted off the other. But in a trust they aren’t selling anything that attracts GST so they can’t offset it against GST paid on expenses.
** NOT AN ACCOUNTANT!!!
** DO AGREE WITH YOU IN PRINCIPLE!!!Correct that you deduct the amount of GST that you pay off the amount you collect, send the rest to the ATO or get a refund. You and I cannot do that.
Most Farms are owned by family trusts, and they register for GST, so they charge GST on what they sell and then can claim back everything to pay GST on. Most Property Investors alo operate through family trusts so the same crap applies.
Understand that if you don’t collect any GST in any given month then you can still claim back all you pay and get a refund.
Think you are getting your GST act mixed up. Anyone can claim GST (sole trader, trust, company, SMSF) provided you are carrying on a business and register.
So if so wanted to dosome gardening on the weekend for some cash, you can register for GST and claim your inputs.
It’s actually a smart tax, as the government can collect credits on a monthly/quarterly basis based on consumption.
If the Gst rorts are that obvious and lucrative, just set up a Trust and get on with cleaning up, then. Oh, and if you dont think that removing the Gst refund section wont see a huge price rise in every in service you pay for, then say hello to the fairies in your back garden for me.
Cash is King right?? Right??? Wink, wink, nudge, nudge 
LOL