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ScoMo won't rule out increase in GST. (Read 2207 times)
Bam
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Re: ScoMo won't rule out increase in GST.
Reply #45 - Jul 5th, 2020 at 9:36pm
 
crocodile wrote on Jul 3rd, 2020 at 8:49pm:
Bobby. wrote on Jul 3rd, 2020 at 7:53pm:
crocodile wrote on Jul 3rd, 2020 at 7:28pm:
Don't worry, the idea is as dumb as dogshit and will never happen.


Which idea?

Turnover tax.

"Dumb idea" without explanation = croc doesn't like it but has no actual reason for doing so.

The real dumb idea: cutting taxes for the rich without funding it, then whining about the inevitable resulting budget deficit and then jacking taxes up for everyone else. That is typical neoliberal rubbish and why neoliberalism must die.
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You are not entitled to your opinion. You are only entitled to hold opinions that you can defend through sound, reasoned argument.
 
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Bobby.
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Re: ScoMo won't rule out increase in GST.
Reply #46 - Jul 5th, 2020 at 9:44pm
 
Bam wrote on Jul 5th, 2020 at 9:36pm:
crocodile wrote on Jul 3rd, 2020 at 8:49pm:
Bobby. wrote on Jul 3rd, 2020 at 7:53pm:
crocodile wrote on Jul 3rd, 2020 at 7:28pm:
Don't worry, the idea is as dumb as dogshit and will never happen.


Which idea?

Turnover tax.

"Dumb idea" without explanation = croc doesn't like it but has no actual reason for doing so.

The real dumb idea: cutting taxes for the rich without funding it, then whining about the inevitable resulting budget deficit and then jacking taxes up for everyone else. That is typical neoliberal rubbish and why neoliberalism must die.



One thing is for sure -
you'll pay more than you should pay.
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juliar
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Re: ScoMo won't rule out increase in GST.
Reply #47 - Jul 5th, 2020 at 9:46pm
 
What we need is for the unions to be permanently BANNED and Australia to start manufacturing again and earn money from exporting just like China does.

Store very profitable nuclear dump in SA and build a nuclear power plant in SA.
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crocodile
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Re: ScoMo won't rule out increase in GST.
Reply #48 - Jul 6th, 2020 at 8:57am
 
Bam wrote on Jul 5th, 2020 at 9:36pm:
crocodile wrote on Jul 3rd, 2020 at 8:49pm:
Bobby. wrote on Jul 3rd, 2020 at 7:53pm:
crocodile wrote on Jul 3rd, 2020 at 7:28pm:
Don't worry, the idea is as dumb as dogshit and will never happen.


Which idea?

Turnover tax.

"Dumb idea" without explanation = croc doesn't like it but has no actual reason for doing so.

The real dumb idea: cutting taxes for the rich without funding it, then whining about the inevitable resulting budget deficit and then jacking taxes up for everyone else. That is typical neoliberal rubbish and why neoliberalism must die.


Not quite. It has been explained to you thoroughly countless times over the years but obviously hasn't quite sunk in.

Firstly, they're not a new form of tax and are known as cascading taxes whereby the tax is applied on the total value at each and every point along the supply chain from primary producer to consumer. For large organisations like Woolies, Bunnings, Rio Tinto etc, the solution is a simple one. Vertically integrate backwards along the chain by buying up all of your suppliers so that the tax is paid only once. Smaller businesses can't do this and end up paying the tax themselves on goods that have already been taxed many times. When they can no longer compete, they go out of business and government revenue dries up.

This is precisely what happened in Europe around a century ago when these taxes were popular and then replaced with the VAT we see today.

What other bright ideas do you have for us chew on.
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Very funny Scotty, now beam down my clothes.
 
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juliar
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Re: ScoMo won't rule out increase in GST.
Reply #49 - Jul 6th, 2020 at 9:12am
 
Bammy makes the BIG mistake of tackling the well informed Croc who actually understands what is happening unlike the Socialists.
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Bam
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Re: ScoMo won't rule out increase in GST.
Reply #50 - Jul 6th, 2020 at 5:16pm
 
crocodile wrote on Jul 6th, 2020 at 8:57am:
Bam wrote on Jul 5th, 2020 at 9:36pm:
crocodile wrote on Jul 3rd, 2020 at 8:49pm:
Bobby. wrote on Jul 3rd, 2020 at 7:53pm:
crocodile wrote on Jul 3rd, 2020 at 7:28pm:
Don't worry, the idea is as dumb as dogshit and will never happen.


Which idea?

Turnover tax.

"Dumb idea" without explanation = croc doesn't like it but has no actual reason for doing so.

The real dumb idea: cutting taxes for the rich without funding it, then whining about the inevitable resulting budget deficit and then jacking taxes up for everyone else. That is typical neoliberal rubbish and why neoliberalism must die.


Not quite. It has been explained to you thoroughly countless times over the years but obviously hasn't quite sunk in.

Firstly, they're not a new form of tax and are known as cascading taxes whereby the tax is applied on the total value at each and every point along the supply chain from primary producer to consumer. For large organisations like Woolies, Bunnings, Rio Tinto etc, the solution is a simple one. Vertically integrate backwards along the chain by buying up all of your suppliers so that the tax is paid only once. Smaller businesses can't do this and end up paying the tax themselves on goods that have already been taxed many times. When they can no longer compete, they go out of business and government revenue dries up.

This is precisely what happened in Europe around a century ago when these taxes were popular and then replaced with the VAT we see today.

What other bright ideas do you have for us chew on.

I see you've posted much speculative mumbling without any actual basis in fact. Your one response to everything is "cut business taxes". Sooner or later you'll understand that at some point business tax reform would require some businesses to pay more tax, not less - the businesses that currently avoid or evade taxes. Why should businesses be exempt from broadening the tax base?

Why are you whining so loudly about "cascading effects" of a tax that would be on the order of 1% of a company's earnings? If implemented properly, a turnover tax would reduce the total tax burden for most companies (including compliance costs) without reducing government revenue: it would be a part of a package where other business taxes would be scrapped (eg: payroll tax), or reduced. If all businesses paid taxes (through a broader business tax base) instead of most of them, the profitable businesses would pay less.

If such a small tax forces companies to "go out of business" despite other taxes being removed, those companies are already doomed to fail.

Got any more specious mumbling?
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You are not entitled to your opinion. You are only entitled to hold opinions that you can defend through sound, reasoned argument.
 
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Bam
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Re: ScoMo won't rule out increase in GST.
Reply #51 - Jul 6th, 2020 at 5:21pm
 
Bobby. wrote on Jul 5th, 2020 at 9:44pm:
Bam wrote on Jul 5th, 2020 at 9:36pm:
crocodile wrote on Jul 3rd, 2020 at 8:49pm:
Bobby. wrote on Jul 3rd, 2020 at 7:53pm:
crocodile wrote on Jul 3rd, 2020 at 7:28pm:
Don't worry, the idea is as dumb as dogshit and will never happen.


Which idea?

Turnover tax.

"Dumb idea" without explanation = croc doesn't like it but has no actual reason for doing so.

The real dumb idea: cutting taxes for the rich without funding it, then whining about the inevitable resulting budget deficit and then jacking taxes up for everyone else. That is typical neoliberal rubbish and why neoliberalism must die.



One thing is for sure -
you'll pay more than you should pay.

Especially when the madness to lower taxes at any cost forces privatisation of assets ... and then everyone pays far, far more because privatisation always seems to be done for private profit.

Wait until the NSW Liberals get the idea to sell off the rest of Sydney's major roads.
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You are not entitled to your opinion. You are only entitled to hold opinions that you can defend through sound, reasoned argument.
 
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crocodile
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Re: ScoMo won't rule out increase in GST.
Reply #52 - Jul 6th, 2020 at 5:55pm
 
Bam wrote on Jul 6th, 2020 at 5:16pm:
crocodile wrote on Jul 6th, 2020 at 8:57am:
Bam wrote on Jul 5th, 2020 at 9:36pm:
crocodile wrote on Jul 3rd, 2020 at 8:49pm:
Bobby. wrote on Jul 3rd, 2020 at 7:53pm:
crocodile wrote on Jul 3rd, 2020 at 7:28pm:
Don't worry, the idea is as dumb as dogshit and will never happen.


Which idea?

Turnover tax.

"Dumb idea" without explanation = croc doesn't like it but has no actual reason for doing so.

The real dumb idea: cutting taxes for the rich without funding it, then whining about the inevitable resulting budget deficit and then jacking taxes up for everyone else. That is typical neoliberal rubbish and why neoliberalism must die.


Not quite. It has been explained to you thoroughly countless times over the years but obviously hasn't quite sunk in.

Firstly, they're not a new form of tax and are known as cascading taxes whereby the tax is applied on the total value at each and every point along the supply chain from primary producer to consumer. For large organisations like Woolies, Bunnings, Rio Tinto etc, the solution is a simple one. Vertically integrate backwards along the chain by buying up all of your suppliers so that the tax is paid only once. Smaller businesses can't do this and end up paying the tax themselves on goods that have already been taxed many times. When they can no longer compete, they go out of business and government revenue dries up.

This is precisely what happened in Europe around a century ago when these taxes were popular and then replaced with the VAT we see today.

What other bright ideas do you have for us chew on.

I see you've posted much speculative mumbling without any actual basis in fact. Your one response to everything is "cut business taxes". Sooner or later you'll understand that at some point business tax reform would require some businesses to pay more tax, not less - the businesses that currently avoid or evade taxes. Why should businesses be exempt from broadening the tax base?

Why are you whining so loudly about "cascading effects" of a tax that would be on the order of 1% of a company's earnings? If implemented properly, a turnover tax would reduce the total tax burden for most companies (including compliance costs) without reducing government revenue: it would be a part of a package where other business taxes would be scrapped (eg: payroll tax), or reduced. If all businesses paid taxes (through a broader business tax base) instead of most of them, the profitable businesses would pay less.

If such a small tax forces companies to "go out of business" despite other taxes being removed, those companies are already doomed to fail.

Got any more specious mumbling?


Specious mumbling my arse. Cascade taxes have been tried and failed throughout history. The reasons for failure are well understood. That is a market distortion that promotes vertical integration resulting in just a handful of behemoths with lower competition. Why do you think the Europeans ditched it in favour of VAT. You clearly do not understand the impact of cascading with your 1% nonsense. It's 1% compounding on each and every transaction right through the supply chain.
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Very funny Scotty, now beam down my clothes.
 
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philperth2010
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Re: ScoMo won't rule out increase in GST.
Reply #53 - Jul 6th, 2020 at 5:58pm
 
Increasing the G.S.T. is not tax reform....The Government needs to get rid of or reform a raft of taxes and subsidies before even looking at the G.S.T.!!!

Huh Huh Huh
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If knowledge can create problems, it is not through ignorance that we can solve them.
Isaac Asimov (1920 - 1992)
 
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Valkie
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Re: ScoMo won't rule out increase in GST.
Reply #54 - Jul 8th, 2020 at 6:08am
 
Turnover or transfer tax was actually considered a few years ago.

Until the banks and multinationals got wind of it.

It was then quashed so fast and so thoroughly that it was obscene.

The way it works is.
Every time money changes hands, you are taxed, let's say for arguments sake, 5%

Joe Blogg goes to work and money is transferred into his bank account......5% tax
He then withdraws some money to buy something......5% tax
He buys the goods and walks out......5%tax

Total tax 15%

How does the grubberment make any money from that you say?

How much money is being transferred, moved and invested every day by the banks?
Money, which cannot be taxed if it's not just sitting there?
Trillions......now 5% of this would be a huge windfall for the grubberment.
No dodgy tax laws or rules to get around, simply 5% of any money transferred.

This would also make getting cash from multinationals much easier.
5% of all transfers thank you sir....

But 5% could be too much.
Perhaps 2 or 3% would still bring in billions to our lazy incompetent grubberment to waste.
And we could shed ourselves of the entire ATO, because all it takes is a computer system to track every transaction , and we know that's happening already.

But, and it's a big BUT.
Banks, multinationals and grubberment paper bag suppliers (With content)

Certainly don't want anything that will make them pay what they owe.

It's better to screw the poor worker for 48% tax .....plus GST and sales tax and fees and charges.

As long as we have corrupt public serve us and politicians who enjoy their brown paper bags of cash, and that will be forever.

We will never see a true, honest and fair tax system.

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I HAVE A DREAM
A WONDERFUL, PEACEFUL, BEAUTIFUL DREAM.
A DREAM OF A WORLD THAT HAS NEVER KNOWN ISLAM
A DREAM OF A WORLD FREE FROM THE HORRORS OF ISLAM.

SUCH A WONDERFUL DREAM
O HOW I WISH IT WERE TRU
 
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juliar
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Re: ScoMo won't rule out increase in GST.
Reply #55 - Jul 8th, 2020 at 7:14am
 
You tell those Socialists after a handout Croc.  All they know is GetUp! and Union Propaganda lies.
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Bobby.
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Re: ScoMo won't rule out increase in GST.
Reply #56 - Jul 8th, 2020 at 7:22am
 
juliar wrote on Jul 8th, 2020 at 7:14am:
You tell those Socialists after a handout Croc.  All they know is GetUp! and Union Propaganda lies.



One thing is for sure - Juliar

you'll pay more Tax than you should pay.

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juliar
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Re: ScoMo won't rule out increase in GST.
Reply #57 - Jul 8th, 2020 at 7:34am
 
But Robert, how much tax should you pay ?   Should you have to pay for handouts to the Socialists ?
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Carl D
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Re: ScoMo won't rule out increase in GST.
Reply #58 - Jul 8th, 2020 at 7:45am
 
Bobby. wrote on Jul 8th, 2020 at 7:22am:
juliar wrote on Jul 8th, 2020 at 7:14am:
You tell those Socialists after a handout Croc.  All they know is GetUp! and Union Propaganda lies.



One thing is for sure - Juliar

you'll pay more Tax than you should pay.



But, he wouldn't pay too much tax on his JobKeeper that the Liberal Party pay him at the moment.

And, when he goes back to 'normal' JobSeeker in a couple of months time, he won't be paying any tax at all. Smiley
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"Masks are sand in the gears of the economy" - some f-wit pollie or big business CEO.
 
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crocodile
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Re: ScoMo won't rule out increase in GST.
Reply #59 - Jul 8th, 2020 at 8:20am
 
juliar wrote on Jul 8th, 2020 at 7:14am:
You tell those Socialists after a handout Croc.  All they know is GetUp! and Union Propaganda lies.


It is indeed rather baffling that these buffoons think that the only way of solving societal woes is to steal more tax.
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Very funny Scotty, now beam down my clothes.
 
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