mic Donating Members 1,725 Member For: 16y 10m 4d Gender: Male Posted 09/06/10 11:47 AM Share Posted 09/06/10 11:47 AM THE GOVERNMENT DOES NOT NEED ANY MORE MONEY FROM TAX PAYERS !!!!! IT NEEDS LESS BUREAUCRATS !!!!! THERE IS PLENTY OF MONEY FOR HARD WORKING AUSTRALIANS !!!!!! Link to comment Share on other sites More sharing options...
BlackXR6T Member 130 Member For: 18y 7m 23d Gender: Male Location: Newcastle Posted 09/06/10 11:49 AM Share Posted 09/06/10 11:49 AM (edited) well I dont think it is particularlly fair that a company that earns billions is "currently" paying 30 cents in the dollar tax. Whilst I earning 110,000 is paying 38 cents. If that were the case I would would want to be taxed at the same rate that people who earn under 20k earn. that's not fair. I dont mind paying my tax at that rate. Beacuse its fair and if they are earning billions more why should they be any different. not to mention these companies do not pay tax on fuel for there operations Edited 09/06/10 11:54 AM by BlackXR6T Link to comment Share on other sites More sharing options...
ronburgundy I love gooold member Donating Members 1,222 Member For: 15y 10m 20d Gender: Male Location: Melbourne (west) Posted 09/06/10 12:08 PM Share Posted 09/06/10 12:08 PM There is so much more to it than that, for example as am individual you only pay tax at half the rate on capital gains. But that's a whole different discussion. My point simply based on fact, not fairness. Sure they're not closing them down as that would cost more than the new tax in both hard costs and profits foregone, but they're seriously considering whether to proceed with new projects Link to comment Share on other sites More sharing options...
Buf-Phoon loitering with intent Lifetime Members 13,318 Member For: 21y 3m 3d Gender: Male Location: Zombie Birdhouse Posted 09/06/10 12:35 PM Share Posted 09/06/10 12:35 PM If I was on the "jam roll" I would recoup my already paid tax in 225 years from now Link to comment Share on other sites More sharing options...
BlackXR6T Member 130 Member For: 18y 7m 23d Gender: Male Location: Newcastle Posted 09/06/10 01:23 PM Share Posted 09/06/10 01:23 PM like I have said before. they can go over seas with mining ventures. but the fact is that the resources are in australia and are here not over seas. And if you read the article I linked in a previous post, it talks about countries that have a higher tax rate and or a "high" tax rate and that has not affected their investment options. Not to mention the fact australia reaffirmed its AAA credit rating after the tax announcement. Sure the mining shares fell after the tax anouncement, but look for your self at the last month, even year of their stock prices of the majors for example RIO, BHP, Xtrata and you will see they have not suffered. As for new investment. It will come, the world does not have infinite supply of resources. Australia is very resource rich. It is on the door step to asia(major export market). Lets not forget what this tax is. It is a "super profit tax" if these companies are doing it hard and not making profits. they dont pay anything! Its all about sharing the profit. This money is going back to you and I. Not some greedy mining magnate. Link to comment Share on other sites More sharing options...
MICKAJ Member 245 Member For: 16y 8m 27d Posted 09/06/10 10:48 PM Share Posted 09/06/10 10:48 PM As long as the mines are making a profit they aren't going anywhere. As if someone isn't going to whinge in the worst way possible when there lifestyle is under threat. They are just lucky they can afford the viral media campaign to match the governments.Personally I don't care for big business, or big money as greed makes me sick. Link to comment Share on other sites More sharing options...
ronburgundy I love gooold member Donating Members 1,222 Member For: 15y 10m 20d Gender: Male Location: Melbourne (west) Posted 09/06/10 11:50 PM Share Posted 09/06/10 11:50 PM I'm over simplifying, but the part of the document that defines a 'super' profit as anything over the long-term bond rate is accurate. The long-term bond rate is an agreed approximation of a RISK-FREE rate of return, as it is Government backed (notwithstanding what is happening in Greece and Spain atm!).Can you honestly say that anything more than RISK-FREE is a SUPER PROFIT? I'm not sure I can. Link to comment Share on other sites More sharing options...
tab Sucker Moderating Team 32,303 Member For: 20y 6m 28d Gender: Male Location: Brisbane Posted 10/06/10 12:11 AM Share Posted 10/06/10 12:11 AM My linkJust hovering over that link to see the website you're linking to is enough to explain your mindset. Sorry mate but you've been brainwashed.They pay royalties in lieu of 'raping and pillaging'. If we are going to talk so-called super profits (lol...nothing super about 7% return) then let's do it across the board. How about we start with banks and other large companies. It's only fair right?These companies have to take huge risks in setting up these projects, and the golden rule is the greater the risk the greater the return. This new tax completely f*cks that concept up and the sharemarket is/will suffer. Link to comment Share on other sites More sharing options...
Buf-Phoon loitering with intent Lifetime Members 13,318 Member For: 21y 3m 3d Gender: Male Location: Zombie Birdhouse Posted 10/06/10 12:15 AM Share Posted 10/06/10 12:15 AM get the gang of 4 onto it. Vote Kevin again in 2010 Link to comment Share on other sites More sharing options...
dule Donating Members 1,180 Member For: 17y 7m 6d Gender: Male Location: Sydney Posted 10/06/10 12:16 AM Share Posted 10/06/10 12:16 AM I just hope that even if Kevin is voted out Libs keep the mining tax, seriously last year BHP paid 9 billion tax on a 70 billion proffit. So why the f*ck are we paying 30-40%??? What they are doing now is trying to scare the public as I would do if I had millions to spend on advertising to try and save myself few billion a year in tax.Loved the mining billionaire dressed in he's work clothes at the protest, I'm sure he wears that every day. Link to comment Share on other sites More sharing options...
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