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The Forum > General Discussion > One must look at the big picture when changing legislation

One must look at the big picture when changing legislation

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I just don't get why governments and opp parties don't look at issues from all angles before wanting to shift the goal posts so as to say.

At the moment there are, or should is say, were, two major policies that labor had announced, negative gearing and corporate profit shifting, that can only be addressed if they take all things into consideration, because as it stands, all their focus is on the negatives of these issues.

Take negative gearing. Sure, it does provide tax breaks for some, but on the bright side it also provides much needed affordable housing (older homes) and the interest that is charged by the banks attracts company tax. Not only does the interest attract tax, but the loan can continue in place for decades after the negative gearing aspect ceased and in fact, some properties make a profit, meaning more tax even with the loan in place. A double hit to the tax man. In fact, I have some of those myself.

The other is corporate tax crack down.

Now sure, in a perfect world we would all love to see the likes of the big A pay their 28% in tax, however, what must be considered is what they bring to the table.

How much tax do they generate, with GST, stamp duty on commercial buildings, leases, insurance policies. What about the PAYG taxes collected from their employees. Surely if you want to do the math you must include all revenue as well as all non revenues and/or deductions.

There are always more than one side to a story and we must look at all sides before passing legislation. Failing to do so may result in unaffordable 'own goals' and my god , our poillies kick enough of those already.
Posted by rehctub, Sunday, 3 July 2016 6:27:20 AM
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Butch, another one of your apologies for the big end of town and business in general. In your perfect world you and others of the business community would reap all the benefits, and meet none of the costs, you don't think you should have to, while the workers would be left to survive on a pittance. If its not kids at Macca's being over paid, in your imperfect world, its trolley pushers at Woolworths, now its poor business should not be burdened with taxation, and have to contribute, after all it is business that creates everything, gives meaning to life for the rest of us plebs. Where do little old blokes in butcher shops fit into all this self interest. Just start paying your fair share, and all will be well.
Posted by Paul1405, Sunday, 3 July 2016 9:07:22 PM
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Paul, that is nothing more than a typical ramble. If you would like to contribute, by all means do, but please don't waste my time.
Posted by rehctub, Monday, 4 July 2016 6:17:39 AM
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Hi Paul,

I had to laugh at your reference to " .... the rest of us plebs ...." at just after nine o-clock this morning. What, running late for work ? Flexi-day ? School hols ? On afternoon shift ?

Paul1405, man of the people, salt of the earth: tote that barge, lift that bale :)

Cheers,

Joe
Posted by Loudmouth, Monday, 4 July 2016 12:50:59 PM
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Sunday Loudmouth where were you, in church. I've been in the work force for 45 years. What is your record?
It must be wonderful to be as smart as you. What is your beef?
Posted by Paul1405, Monday, 4 July 2016 10:16:18 PM
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Hi Joe,

12.50.59pm on a Monday, I had to laugh, having a long lunch, or staling some quality time on the bosses computer. Maybe you are celebrating the 4th July Yankee holiday.

Cheers Paul.
Posted by Paul1405, Monday, 4 July 2016 10:22:32 PM
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