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I reckon there's a few here who would NEVER vote Labor, no Matter what the situation was. At one time or other. I've voted for Most of the Parties. It depends on the Local candidate a lot, The More you know about them the More value you vote will Be. The OLD Country Party had the Most rusted on adherents. The days of Ian Sinclaire. (Sinkers) He used to ride with TAA a bit. to Mt ISA if I recall correctly. I get stuff from quite a few Politicians. Listen to it on the radio and watch Parliamentary Question time.(Which can be a bit disappointing with some of the rudeness). I can Pretty much assure People here that I won't be voting ever for Hanson. Nev

Am I missing something here, isn't GST basically a transaction tax for commoners? i.e. a way to exempt the big players from the transaction tax regime (GST) that's imposed on the financially captive public?

How I spent an hour of my time today: This chat may be recorded. By using this chat, you agree to its terms of use. To read our privacy statement, type 'Learn about privacy'. Connecting you with Red - Westpac's Virtual Assistant Hi Peter, I'm here to help with general banking questions. I provide generic, factual information only and don’t take into account any personal information you tell us or have previously told us. Feel free to pick a topic from the list below, or ask me your question in a short, simple sentence: 1:28 PM Message says my card has been blocked 1:28 PM Are you able to confirm the type of card you're having issues with? 1:28 PM Credit Card issue 1:28 PM Have you received a fraud notification that your card's been suspended? 1:28 PM Yes 1:28 PM This activity sounds concerning. You may need to chat to our Card Fraud team. 1:28 PM Our Card Fraud team can only support enquiries where you have not supplied your card details to a business. Have you provided your card details to this business before? 1:28 PM Yes 1:28 PM If you've provided your details to a business in the past, any charges you receive that you don't recognise or may not agree with need to be resolved via a dispute. 1:29 PM If there's an issue or something you'd like to dispute, first contact the merchant to check if they're able to help. If you're unable to resolve the issue with the merchant, you can dispute the card transaction online within 150 days of the payment being processed. 1:29 PM Select the transaction in your transaction list and then select the 'Report the transaction' button. Complete the form and we'll investigate for you. 1:29 PM Were you able to dispute the transaction? 1:29 PM No 1:31 PM I'll need to transfer you to a banker to help with you with your transaction dispute/query. 1:31 PM Our chat bankers can help you with most general enquiries on your accounts. 1:31 PM Please let me know if your enquiry relates to Personal or Business Banking and I'll check if there's a banker that's available to help. Personal Banking 1:31 PM Personal Banking 1:31 PM Thanks Peter, I'll connect you to the next available banker. You can come back to your conversation anytime. The banker provides factual information only, and no product advice. Please let them know if you're not ok to proceed on this basis. There'll be a short survey at the end of this conversation. You can minimise this chat and one of our bankers will get back to you as soon as possible. We apologise that our wait times are longer than normal and thank you for your patience. Please feel free to message us your enquiry below and the next available banker will be with you as soon as possible. 1:31 PM I have received a notification that my card has been blocked. But there is no transaction on my account that I can query. 1:33 PM We apologise that our wait times are longer than normal and thank you for your patience. Please feel free to message us your enquiry below and the next available banker will be with you as soon as possible. Hi there, Peter! Thank you for contacting Westpac Virtual Banking and thank you for your patience while waiting. My name is Rejie, I'm here to help, and I hope I can make your day a little better. Please allow me to assist you. 1:36 PM Hello 1:38 PM I have received a notification that my card has been blocked. But there is no transaction on my account that I can query. 1:38 PM Hello Rejie are you there? 1:39 PM Hello? 1:41 PM I understand that seeing your card blocked without any visible transaction can be confusing. Let me take a closer look at what’s triggered this and help get everything sorted for you. 1:42 PM Can you please provide the last four digits of the card? 1:48 PM **** 1:50 PM I can confirm that your card ending in**** has been temporarily restricted due to a transaction from Amazon Prime Membership for $0. 1:51 PM And you need to speak with the card fraud team to lift the restriction on your card. 1:52 PM how do i speak to them? 1:52 PM I can transfer you directly to them. 1:54 PM Shall I go ahead and transfer you over to them? 1:54 PM Please do 1:54 PM Okay, please allow me to leave a note first on your account. 1:54 PM Transferring you now. 1:59 PM Sorry our wait times are longer than expected. You will be connected to an agent shortly. Welcome to live chat with Gianell from card fraud. Can I please start with your full name and date of birth? 2:05 PM **** 2:05 PM Reading back on chat. 2:07 PM Last 4 digits of card? 2:11 PM **** 2:11 PM Let me check. 2:14 PM 2:05 PM Reading back on chat. 2:07 PM Last 4 digits of card? 2:11 PM **** 2:11 PM Let me check. 2:14 PM Card blocked due to alerted transaction. 2:20 PM So what are you doing to unblock it? 2:20 PM AMAZON PRIME MEMBERSHIP $0. 2:20 PM Did you try to use it? 2:20 PM No 2:20 PM I do subscribe to Amazon Prime so they have my card number. 2:21 PM I see, please give me a moment to lift block. 2:22 PM Done. 2:23 PM Have I answered all your questions today? 2:23 PM Yes

GST takes no account of your ability to afford to Pay. The RICH want to Increase it. That should be all you need to know. It's a dead arm on everything and Makes a lot of Paperwork. Nev

If the new system reduces fees to the large, politically connected accounting firms, it will never happen.

There's a lot to be said for a very major reform of our taxation system, one that ensures taxes are paid according to the rules, and which system would not allow "creative accounting" or "loophole exploitation", as practised by many global corporations today, and who have done so, for many years. When the GST was introduced, it was supposed to result in a fairer and simpler system. It has turned out to be anything but that.

I quite like the idea of, I think it was @nomadpete's from some time ago about introducing a transaction tax - that is basically every transaction is taxed a percentage.. So, I did something not necessarily statistically valid and haven't yet validated any of it; and I think the idea would have to be refined (e.g. not to price us out of export markets, etc). I asked ChatGPT if we removed all taxes from Australians and replaced it with a flat transaction tax that is not able to be offset like CGT, and the transaction tax is applied at all levels in the Supply Chain, what would be the % required to replace the existing revenues of the government. To ChatGPT's credit, it did also inform me there are many variables and it needed refinement itself, but settled on 10%. I asked it what would be the cumulative impact on consumer prices (so not house transfers, financial investments, loans, etc), to narrow it down. I asked chat as I couldn't be bothered doing the compound math myself, and it said for a 3 stage supply chain process, 33%; 4 stage 47% an d 5 stage 63%. Ouch, but that is a raw value and it doesn't take into account some reduced costs on the way, but businesses would probably take these into profit for a time before competition started to take effect - as per the Whitlam years when he removed a lot of import duties. Also, note, you take roughly 10% off for CGT from those (not entirely accurate but for these purposes will do), as well as for some products (e.g. wine) the baked in taxes that are already there. Next I asked what would be the impact on net disposable income in quartiles from the lowest income earners (minimum wage) to the highest reported income earner. As expected, this would be regressive, but not by as much as I thought, with the lowest quartile being between 5% and 10% worse off, the next being between 3% and 4% worse off the third being between 3% a 12% better off and the top 25% of earners being between 15% and 55% better off. I didn't go into comparing to how much disposable income each quartile has against some average cost of living for a comparison as that was not the purpose of the exercise. And note, this does not include state and council stand alone revenue and I have not validated how Chat came to its answers. But it leaves some food for thought for a complete tax overhaul along these lines. The obvious risk is an increase in black market activity to circumvent the taxes. Leaving that aside, I asked Chat what non deductible tax to apply on a proportional basis to the 3rd and 4th quartile to allow the government to distribute income to the 1st and second quartile to ensure that the bottom two quartiles can be directly distributed the money such that they will be no worse off - i.e. net disposable income is the same as the current process. It was 0.55% for the third quartile and up to 2.0% on the 4th quartile. Of course, there will be lots of statistical error in these numbers, but it gives a guide that for no other than a consumption tax, the bottom two quartiles cost of living will not change, yet the top tier will be better off and with a much smaller PAYG tax rate. Of course, it leaves room to move a little more income to those on lower income and according to Chat, around 4.5% applied to both tiers would make the bottom two tiers 10% better off than they were. This would leave the third tier up to 7.5% better off and the top tier up to 49% better off.. and the government still gets the same money. It would probably be in large corporate taxation. They would now have to pay the tax where a lot don't pay anywhere near where they should be. And then you can factor in additional taxes that we should be charging like the fossil fuel export royalties to the correct level, and you have a far more fairer, flexible, and targetable taxation system. Of course, this is rudimentary modelling.. There are second and third order factors that have to be addressed. For example, the cost of compliance (accounting, legal, etc) will drop massively as there aren't complex accounting rules required for taxation. This will result is a lower level of transactions and therefore, tax. It may result in increased unemployment as you need less para finance and para legals as well as less tax compliance people in ATO, and if we went federal for all funding (local and state), less public servants at that level collecting, keeping track of, etc. Also, less transactions to billing providers, software, etc. Which can increase government costs (welfare) and reduce taxation, which can increase the transaction tax required, or increase other taxes such as fossil fuel royalties, etc. But,if we are looking at fairer taxation, then surely the whole system needs reform. (Sorry for the long post.. first day off for ages.. and I am in a boring meeting).

I have to admit; I am struggling to see what the issue us, except that a property that has been used to reduce your normal tax liability is now assessable - and still at under the marginal rate they would have used the property to reduce from. It is in effect still a deferment of tax. Yes, I know that the reduction of your assessable income during the negative gearing years are a loss made thanks to the interest payment and rather generous depreciation rules, but the reality is, you can't offset the costs of establishing any other investment against your PAYG income - although happy to be corrected in the case of sole proprietorship or partnership - so why housing? What leaves a sour taste is the excuse of the fairness of the tax system when the government still allows transfer pricing and does not tax our fossil fuels and other assets for big corps properly.

This is classic, check out the detail in the cartoon, even down to the instructions on the kneecaps...... The cartoonist is David Rowe.

Yep - no skills, but she wants to fly the plane.......

Yeah, old George was certainly the caravan flogger. But he died in 2013 and Apollo Motorhomes, a publically listed company bought his business as a going concern in 2017, and bought the rights to use his name as well. Then in 2022, George Day Caravans was merged into THL (Tourism Holdings Ltd), originally NZ's biggest RV rental operation - but the merger with Apollo, an Australian company, sent them global, and they operate in a multitude of countries. They are huge, and own all the major well-known RV rental brand names. So Georges name has gone global, thanks to the corporate global aims.

Wanna bet she'll pull the chute on the Cirrus at some Point.? Ashby has 457 Hours on a Jabiru 230... Nev

Yes.. Of course they have consulting arms.. Which means the government could throw them money to consult on how to reign in the casr from the black market, to which those firms could consult to the big black market operators on how to get around the new ways of doing things.. just like what happens now in tax. 🙂