Australian Politics Forum - Abbott would cut Company tax rate by 1.5%

Maqqa

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14% - that low?!

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Abbott would cut Company tax rate by 1.5%
Aug 7^th, 2013 at 12:35am

http://au.news.yahoo.com/latest/a/-/latest/18388945/coalition-commits-to-1-5pc-c...

The Federal Opposition will today commit to a 1.5 per cent company tax cut from July 1, 2015 - a plan that will cost the budget $5 billion over four years.

Earlier this year, Opposition Leader Tony Abbott cast doubt on whether he would deliver the promised tax cut, saying the quantum and timing would be revealed closer to the election.

But today he will confirm it will be a 1.5 per cent cut, which he would deliver in the second year of his first term.

He will say that while Labor has talked about cutting company tax, he will actually do it.

The cut had been sold as a way to offset the 1.5 per cent levy Mr Abbott plans to charge big businesses to pay for his paid parental leave scheme.

It is not clear when the scheme would start.

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Bill 14% is not the alcohol content of that wine. It's your poll number

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True Colours Gold Member Offline Australian Politics Posts: 2837 Gender:	Re: Abbott would cut Company tax rate by 1.5% Reply #1 - Aug 7^th, 2013 at 12:37am and raise GST by 5%?
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corporate_whitey Gold Member Offline Australian Politics Posts: 8896 Archivist	Re: Abbott would cut Company tax rate by 1.5% Reply #2 - Aug 7^th, 2013 at 12:40am Private capital investment is the biggest drain on business, the Government should abolish it and put the capital back in the hands of its rightful owners, the Australian people...
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Sir lastnail

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Re: Abbott would cut Company tax rate by 1.5%
Reply #3 - Aug 7^th, 2013 at 12:42am

Maqqa wrote on Aug 7^th, 2013 at 12:35am:

http://au.news.yahoo.com/latest/a/-/latest/18388945/coalition-commits-to-1-5pc-c...

The Federal Opposition will today commit to a 1.5 per cent company tax cut from July 1, 2015 - a plan that will cost the budget $5 billion over four years.

Earlier this year, Opposition Leader Tony Abbott cast doubt on whether he would deliver the promised tax cut, saying the quantum and timing would be revealed closer to the election.

But today he will confirm it will be a 1.5 per cent cut, which he would deliver in the second year of his first term.

He will say that while Labor has talked about cutting company tax, he will actually do it.

The cut had been sold as a way to offset the 1.5 per cent levy Mr Abbott plans to charge big businesses to pay for his paid parental leave scheme.

It is not clear when the scheme would start.

Big Fizz !!

Anything else ?

Something visionary or is that too much to ask Cheesy

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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Bobby. Gold Member Offline Australian Politics Posts: 106935 Melbourne Gender:	Re: Abbott would cut Company tax rate by 1.5% Reply #4 - Aug 7^th, 2013 at 12:44am Maqqa, both Abbott & Rudd have no policy about debt. What will Abbott do when he can't pay all the public servants? answer: He'll borrow $100 million per day just like Rudd.
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Bobby.

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Re: Abbott would cut Company tax rate by 1.5%
Reply #5 - Aug 7^th, 2013 at 12:49am

Example:

http://www.tfga.com.au/in-the-news/from-the-ceo/end-our-state-of-dysfunction/

Quote:

However, it is time we all acknowledged the elephant in the room.
Tasmania’s economic elephant is called structural dysfunction.
In its simplest terms,
this means that one-third of our potential workforce is in the public service,
one-third is on social welfare,
the other third is in private enterprise.

What will Abbott do about it?

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Sir lastnail

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Re: Abbott would cut Company tax rate by 1.5%
Reply #6 - Aug 7^th, 2013 at 12:53am

Bobby. wrote on Aug 7^th, 2013 at 12:49am:

Example:

http://www.tfga.com.au/in-the-news/from-the-ceo/end-our-state-of-dysfunction/

Quote:

However, it is time we all acknowledged the elephant in the room. Tasmania’s economic elephant is called structural dysfunction. In its simplest terms,
this means that one-third of our potential workforce is in the public service,one-third is on social welfare, the other third is in private enterprise.

What will Abbott do about it?

the libbos will do what they always have done and will slash and burn and then pay more for a whole lot of consultant wordsmiths to write some sh.t on a bit of paper Sad

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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philperth2010 Gold Member Offline Australian Politics Posts: 20538 Perth Gender:	Re: Abbott would cut Company tax rate by 1.5% Reply #7 - Aug 7^th, 2013 at 7:19am Cutting company tax by 1.5% will cost $5 billion PA in lost revenue.....The 1.5% tax increase on large companies will be used to pay for most of Abbott's PPL scheme with the rest coming from consolidated revenue.....With no other new taxes or charges how will Abbott fund this thought bubble???
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RightSadFred

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Re: Abbott would cut Company tax rate by 1.5%
Reply #8 - Aug 7^th, 2013 at 7:26am

Maqqa wrote on Aug 7^th, 2013 at 12:35am:

http://au.news.yahoo.com/latest/a/-/latest/18388945/coalition-commits-to-1-5pc-c...

The Federal Opposition will today commit to a 1.5 per cent company tax cut from July 1, 2015 - a plan that will cost the budget $5 billion over four years.

Earlier this year, Opposition Leader Tony Abbott cast doubt on whether he would deliver the promised tax cut, saying the quantum and timing would be revealed closer to the election.

But today he will confirm it will be a 1.5 per cent cut, which he would deliver in the second year of his first term.

He will say that while Labor has talked about cutting company tax, he will actually do it.

The cut had been sold as a way to offset the 1.5 per cent levy Mr Abbott plans to charge big businesses to pay for his paid parental leave scheme.

It is not clear when the scheme would start.

Maqqa

This 5 Billion that it will cost is that offset by any increase in tax revenue from any growth ?

You need to be tax competitive with other countries otherwise no on will invest here.

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perceptions_now

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Re: Abbott would cut Company tax rate by 1.5%
Reply #9 - Aug 7^th, 2013 at 7:47am

Tax rates, both personal & business are already low enough!

To lower the business rate, particularly in the current circumstances, would simply exacerbate the Deficit & Debt problems and cause a higher general impost onto the Public.

So, it would actually be counter productive and therefore IT SHOULD NOT BE ALLOWED TO HAPPEN!

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____ Gold Member Offline Australian Politics Posts: 33410 Australia Gender:	Re: Abbott Budget Emergency Cash Handout Reply #10 - Aug 7^th, 2013 at 7:50am Budget emergency !!! Was that a lie If not, how will this cash handout be funded?
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RightSadFred Gold Member Offline Australian Politics Posts: 2220 Gender:	Re: Abbott would cut Company tax rate by 1.5% Reply #11 - Aug 7^th, 2013 at 8:06am perceptions_now Yet you need to encourage investment. You need to tax expenditure more and productivity less ...... that is what our competition is doing.
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perceptions_now

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Re: Abbott would cut Company tax rate by 1.5%
Reply #12 - Aug 7^th, 2013 at 9:06am

RightSadFred wrote on Aug 7^th, 2013 at 8:06am:

perceptions_now

Yet you need to encourage investment.

You need to tax expenditure more and productivity less ...... that is what our competition is doing.

Fred,
The crucial issue is "cause & effect".

In the past, what you suggest has been done & the cause & effect has done its job, in the way anticipated.

However, the absolute basics have now changed and the anticipated "cause & effect" will now, not happen.

Look at interest rates, for a lead. The examples in Europe, the USA & Japan clearly show that although rates have tumbled to zero, that cause has not had the usual effect, as those Economies are still flat AND I would suggest they will actually start to Decline, over the decades ahead.

So, what I am saying is that lowering tax rates, not only won't have the same effect it used to, it will actually make matters worse, because it will shift more of an ever growing burden onto the Public, the Demand for all forms o Goods & services will Decline even further & faster AND Debt & Deficits will grow bigger & faster!

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John Smith

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Re: Abbott would cut Company tax rate by 1.5%
Reply #13 - Aug 7^th, 2013 at 9:16am

let me get this straight .... first he has a policy that announces a tax increase of 1.5%
then he announces another policy to cut taxes by 1.5%

He's much more clever than I gave him credit for, he is now able to claim he has two policies, which, because they counter each other, in effect mean he does nothing. .... more talkfest anybody?.

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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longweekend58

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Re: Abbott would cut Company tax rate by 1.5%
Reply #14 - Aug 7^th, 2013 at 9:53am

philperth2010 wrote on Aug 7^th, 2013 at 7:19am:

Cutting company tax by 1.5% will cost $5 billion PA in lost revenue.....The 1.5% tax increase on large companies will be used to pay for most of Abbott's PPL scheme with the rest coming from consolidated revenue.....With no other new taxes or charges how will Abbott fund this thought bubble???

Huh

reduced taxes increases economic activity - that's a proven. this could end up paying for itself in ironically increased tax revenues and higher employment and income taxes.

this ladies and gentlemen is what a REAL economic stimulus is all about - not throwing money around and hoping some will land in good places.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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