Chris Bowen, page-36

  1. 2,318 Posts.
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    It is always a matter of opinion on whether answers are honest and straightforward. As a member of an association that lobbies on behalf of independent retirees, one of the issues we struggle with is definition of "wealthy". Surely that also is in the eye of the beholder and the mind of the individual.

    For individuals the old saying "Annual Income $1: expenditure $1.05 = poor, expenditure 95c = rich" comes to mind. For observers it is always anyone who has more than me. By that definition this country and many inhabitants are by own choice poor, but try telling that to someone in Myanmar or Libya about to board a boat.

    I personally think the ALP got the Super Pension taper points about right, but they are looking in the wrong places for extra revenue and tax savings. AMCOR relocation to Switzerland is going to be the tip of the ice-berg, a Tsunami, of fleeing Australian businesses, so good luck trying to tax other already overseas based MNC's. This is just bravado IMHO but they risk sparking a trade war, which we will lose, hopelessly outgunned, and too small to be relevant. Our company taxes are only exceeded by US of our major trading partners, and everyone on boards looking after shareholder interests, their actual job by the way, should be looking to minimise tax in whatever legal ways exist.
    Last edited by acwmr: 21/05/15
 
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