another liberal election costing fiasco

"The Commonwealth Treasury believes the Coalition’s tax policies will cost Australian businesses an extraordinary $4.57 billion in their first full year of operation."

"The three policies identified by Treasury are the Coalition’s commitment to impose a 1.5 per cent tax levy on big firms to fund paid parental leave, its decision to axe instant asset write off and other tax breaks for small business funded from the carbon tax, and its decision to axe the ability for businesses to “carry back” losses and obtain refunds for tax already paid funded from the mining tax."

http://www.petermartin.com.au/2012/11/not-all-business-friendly-treasury-is.html

ROFL at Joe Hockey's inability to answer the very SIMPLE question from the jouro of "What assumptions are wrong?"


This is becoming a habit with the coalition costings. Remember the coalition election costings fiasco.

"Mr Hockey said on ABC's AM in August last year: ''You know what? If the fifth biggest accounting firm in Australia signs off on our numbers it is a brave person to start saying they’re accounting tricks. I tell you it is an audit, this is an audited statement.''"

Well no Joe it wasn't. Your "auditors",WHK Horwath, were fined for breaching professional standards and Treasury found another 11 billion dollar black hole.

Another reply from Joe-

"Not from Mr Hockey. When asked about the tribunal ruling by Fairfax's economics correspondent Peter Martin, Mr Hockey's stunning reply was ''I'm not getting into it, mate''."

Read more: http://www.smh.com.au/opinion/politics/blogs/the-dreyfus-files/coalition-should-have-red-faces-over-costings-20111207-1oigi.html#ixzz2BO2tAPkg