Posts Tagged ‘ Wayne Swan ’

Yet another sneaky tax grab from sneaky little Swan


He’s targeting expats again. First it was our pensions, then our bank accounts, and now this.

From 7.00 PM, May 8, 2013, non-residents of Australia will no longer enjoy the 50 per cent discount on capital gain tax, a tax discount that currently applies to gains earned on taxable Australian property, such as real estate and mining assets.

Thaaaaanks, mate.

Moreover, from July 1, 2013 the tax rate on capital gain for non-residents will be adjusted. The first two marginal rates will merge into one rate, aligning with the second marginal rate of residents: 32,5 per cent. This rate will increase to 33 per cent from July 1, 2015.

And one of the side effects?

“Expats have lost a generous tax break which could be used when selling a property,” comments Sean Abreu, Senior Wealth Manager at Mondial. “At the moment I advise non-residents against investment in Australian property.”

For Australian expats who have already purchased property this is bad news, he thinks.

It always is with that goose. It always is.

Biting the hand


Enough with the attacks on Gina Rinehart and Clive Palmer [edited]. That even America’s NBC punished her “lauding” of two buck a day wages when that obviously wasn’t the case, is a sad indictment on leftist class warfare.

Before anyone go bagging those two, perhaps the question should be asked; “How many of tens of thousands of people and their families do I provide good, well-paying, honest work for?”

PS With the acknowledged two-speed Australian economy, and the mining boom bust, what now?

Thank goodness the mining boom might be over


Finally.

RESOURCES Minister Martin Ferguson has declared the end of the mining boom, following the shelving by BHP Billiton of its Olympic Dam mine expansion.

OK, so people will lose their jobs, families will be affected. But those families shouldn’t worry about what they’ll eat for dinner, or how the kids’ education will be paid for, or where they’ll sleep that night.

Rather, they should think of themselves as, now, part of the Solution whereas before, they were part of the Problem. As they withdraw that Centrelink welfare cash, a warm inner glow should be felt, bright with the knowledge that the planet is being saved.

When the planet will actually be saved, how we’ll ever know, and when we’ll be told by the authorities is an argument for another time, but to be clear, when your house is foreclosed and your belly rumbles, fret not, and feel the positive Gaia energy flowing into your hearts from literally millions of Australians who care for the earth.

Much praise, of course, goes to both the current and former Prime Ministers of Australia, Julia Gillard and Kevin Rudd, respectively. Without their foresight, their vision – and we are of course talking about the extra mining tax, the belated carbon tax, and not to mention the myriad of other reassuring regulations recently implemented – the earth’s salvation could have been delayed by years, or worse, never have manifested.

Footnote: And a little added bonus is that those affected families will no longer have to worry about the rightful condemnation extolled by Wayne Swan, our Treasurer of the Year.

The Snowy Mountain Scheme: what Labor giveth, Labor taketh away


Quite astonishing that Julia Gillard likened her carbon tax to the Snowy Mountain scheme insofar at how momentous it is.

It’s funny because the Snowy Mountain Hydro scheme is on her bucket list of the top 250 “big polluders”.

The Snowy Mountain scheme was started by Labor, and yet it is Labor driving the first nail into its coffin.

And wasn’t hydro electricity meant to be pretty clean and green, anyway?

What a farce. And it doesn’t end there.

Remember when it was 1000 companies that would have to pay? And then it was watered down to 500? And now it’s 250?

And mere days in, there’s talk of that $23 per tonne being watered down to $15.

It makes you wonder if this government has a clue about what it stands for, and what it’s doing.

Thus, business is left most uncertain, as if penalising the big polluders engines of Australia wasn’t enough (and no, they don’t trust Abbott, either).

Good luck with that one, Wayne


So the treasurer Wayne Swan reckons he can reign in a $20 billion deficit, that actually blew out to a $44 billion deficit, and turn it into a $1.5 billion surplus in 12 months.

Oooookay. Sorry if we don’t hold that one in much faith, Wayne.

WILL go easy on Wayne and Co. for getting rid of some public service jobs, but they’re missing such a great opportunity. Why, there’s a whole department there they could get rid of. Heck, the people working there probably wouldn’t mind, either.

And what’s all this taking the NBN, the $37 billion NBN, off the books completely? And the $10 billion green loans scheme? That’s a nice little $50 billion windfall. Nothing sus.

Did Craig Thomson help Wayne out finding some spare cash?

Might as well swan off now


Who else thought he’s been sounding a bit “politiciany” lately?

MINING magnate Clive Palmer is due to take on Wayne Swan at the next federal election, announcing today he will seek Liberal National Party preselection for the seat of Lilley.

Mr Palmer said today he was seeking to run in the seat because he and the Treasurer had “differing views of what was good for the country”.

With Labor as polular as cancer at the moment – and even if they knife Gillard, their repuation will still be in tatters – toppling the lame duck Swan shouldn’t be a problem.

Just go easy on the CIA stuff, Clive.

UPDATE

No Clive, but regardless, you could probably run almost anyone you like. And the bloke Abbott likes isn’t just anyone.

Anyone else watch 4Corners? [updated]


They aired a reasonably decent, if not prone to naval-gazing, feature on the current woes of the Australian Labor Party with considerable emphasis on former PM Kevin Rudd and his usurper, Julia Gillard.

A lot of history there we already knew. The ALP appears to be in a damned-if-you-do, damned-if-you-don’t position. The party likes Gillard. The public likes Rudd. And vice versa.

Former PM Rudd came out looking (at least some of) the people’s champion with perhaps – and I’m going easy here on the ABC – just enough emphasis placed on his domineering, micromanaging style of leadership.

The ALP as a whole, with emphasis on their power brokers, came out looking excessively poll-driven, sneaky, and lacking any real principles or conviction. Also dumb. Eleven years in the wilderness, years of an unsuccessful former leader in Kim Beazely, a miraculous turn around, and then *splat*  – Kevin’s corpse chucked out onto the street at the first sign of a cold.

PM Julia Gillard came out looking at best, evasive, and also unable to be believed. She repeatedly failed to answer questions directly. For instance, yes or no, did she know about internal party polling  – kept hidden from Rudd – that showed Rudd was losing numbers fast? Yes or no, did she know her first speech as PM may have been prepared by members of her office and/or the ALP a full two weeks before she seized power? Answers to these questions drive straight to the heart of her credibility and trustworthiness.

Evading these important questions was, to say the least, not a good look. Nor was her obvious tension during the interview, especially when juxtaposed to a laughing, smiling Rudd sharing photos, beers and embraces with an enthusiastic public at a pleasant establishment.

What did you guys take out of the report?

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Related.

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UPDATE

More. (lots of links)

More.

UPDATE

That last link is the Bolta MTR podcast.

Julia Gillard: “My job is to answer questions… I’m not someone who runs away from questions.”

Oh, really? She runs away from the question asking if she actually did plot to bring down Rudd (she’s always claimed she never *cough bullshit* did; that it all happened on the last day), and despite being asked almost every week to appear on The Bolt Report, she has declined every time.

UPDATE II

Steve Vizard talks to former Labor powerbroker Graham Richardson – someone who admitted last night having a hand in Rudd’s downfall – about the segment.

UPDATE III

Pot.Kettle.Black.

The Prime Minister, Julia Gillard, has all but accused the ABC’s Four Corners of deception after it aired damaging claims last night that her office was plotting the downfall of Kevin Rudd well before the June 24, 2010 coup.

BWAHAHAHAHA! How rich is that?!

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