Posts by Gareth Ward
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Speaker: John and Phil meet Bob, in reply to recordari,
What's the deal with this 'Pure Advantage' group?
Tindall, Fyfe, Jeremy Moon et al have been talking about this for a while - I believe this is just a formal crystallisation of the group.
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Is it too much to hope that one of them will use it as an opportunity to lambast their intolerance, hate and hijacking of the "family"?
Actually, don't answer, my day is going OK so far...
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But I’d rather see it as another tool in the box, with a corresponding drop in something else, than an increase in the pile
a. Which is what they'll be doing - no tax on income under $5,000; shifting that tax raising to a CGT instead.
b. Which more broadly assumes our total tax take now is correct - it strikes me that it's not. We're (in the form of our Govt) paying for a lot more stuff than the revenue we're bringing in. -
I suspect things are boding well for the policy when discussion (not just here, but one of DPF's key points) tends towards "why aren't we ALSO including the family home?"
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Hard News: A Capital Idea?, in reply to Nick Kearney,
There's no loophole - there is a CGT now.
That's a pretty broad (incorrect) statement. There certainly is no CGT, rather there is an Income Tax Act that very loosely includes some forms of gain as income - but certainly not in the usual Commonwealth manner of explicitly stating capital gain as income. That very looseness has created significant loopholes and a horribly complex legislative and accounting environment to get around it.
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Hard News: A Capital Idea?, in reply to Bart Janssen,
It's also worth noting that every tax review (by folks who are meant to know about such things) in the last 3 decades has recommended a CGT.
I know the latest Tax Working Group didn't.
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Hard News: A Capital Idea?, in reply to Matthew Poole,
landlords who aren't in it for capital gains
What, both of them? ;)
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My auntie sent it to me on VHS
You kids with your file sharing...
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Southerly: Tower Insurance Have Some Bad…, in reply to David Haywood,
homeowners could only get their replacement policy if the house had already been condemned
Doesn't "you can't live here anymore and we'll be bulldozing your house" = condemned?!
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Does Option B involve the Gubbermint buying the land and Tower paying for the building? Or is Option B land and buildings paid out by Tower?