Swagman wrote on May 21
st, 2013 at 3:49pm:
Dnarever wrote on May 19
th, 2013 at 3:23pm:
Swagman wrote on May 19
th, 2013 at 11:19am:
Dnarever wrote on May 18
th, 2013 at 9:37pm:
Certainly the more you invest - GST free and the more you save GST free - the more contract work you are likely to have done (cash in hand) GST free. etc.
.
Contract cashies are not GST free. Even if you do a job for cash in hand when you spend that cash you pay GST. It will be collected one way or another.
So I can tell the government I am not paying any income tax and thay can just take it out of my GST payments????
Same thing, stupid argument.
The government get the GST on the service and they also get the GST on the money spent by the contractor on top.
It's up to you what you tell the taxman as it was pre-GST but the difference is post GST that when you spend your black cash you will inevitably pay GST and the Govt collects where it didn't before.
As Tsfen posted
Tsfen wrote on May 18
th, 2013 at 7:04pm:
GST is the most efficient tax that Australia has
ACT Chief Minister Katy Gallagher says she is not trying to undermine her federal Labor colleagues by supporting Coalition moves to review the GST as part of a wider tax assessment.
If elected in September, the Coalition will commission a white paper on tax which could include the GST.
But federal Labor opposes raising the tax rate and has accused the Opposition of wanting to lift it.
Ms Gallagher says the tax needs another look.
"I understand it's difficult to have a conversation about it particularly in the lead-up to an election but any rational look at this, and look at the Australian taxation system, would at least have the discussion around the GST not necessarily whether you increase it or change it but have it as part of that discussion," she said.
But Ms Gallagher concedes she is out of step with federal Labor.
"I'm not trying to undermine anything and you know I'll leave those matters for the Federal Government and the Federal Opposition," she said.
"I'm coming from it from the point of the Chief Minister of the ACT and I think it's fair and reasonable that at times we will have different opinions to that of a federal government."
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