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Is Turnbull Born to Rule? : Comments
By Everald Compton, published 8/1/2016The issue is whether he can successfully assemble together his vast experience of life in law, money, journalism, politics and civic affairs to get the results of which he is clearly capable.
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As we all know by now, nobody learns the lessons of history?
Otherwise why did we follow the Great depression with the Great recession?
I think the real task in tax reform for Malcolm is to get the multinationals to pay a fair share from locally earned profits, instead of like a good tax lawyer/ex merchant banker, getting into bed with them to facilitate another tax avoidance outcome!
The 1953 double tax act needs to be rewritten rather than allow it to continue to be a tax avoiding instrument.
The only tax they can't avoid, I believe, is either a transaction tax or better yet, an unavoidable and small expenditure tax levied against all expenditure, and taken in lieu of the company tax no multinational now pays!
Simply put, it may take more intestinal fortitude than anybody currently in politics has, to bring in, particularly when they can tinker at the edges, creating even greater layers of complexity along with a new loophole with every new page of convoluted complexity.
A real leader will make his mark by finally and fairly addressing this problem even in the face of bitter internal revolt!
Rather than loading the remaining few taxpayers currently paying all our tax, with even greater burdens and literally hundreds of carefully concealed fees and charges, inclusive of regressive taxes like the ubiquitous cascading GST and in a nation all but crippled economically by the tyranny of distance, fuel excise!
The problem with (I'm alright Jack) politicians is they just don't genuinely care? And as such, regularly replaced by the froth and bubble of manifested indignation. For mine the jury is still out on Malcolm, who holds great promise given his background and enormous intellect and therefore ought to be given a fair go.
And will need unflinching resolve in order to to clean the dross out of the front bench, the cabinet and the party room, before embarking on genuine progressive reform?
Such is the self evident internal opposition to genuine long overdue real reform!
Rhrosty