Monthly Archives: December 2013

You think tax rates are bad in Australia?

Posted on December 30, 2013 by

Following the highest court in France upholding a 75% tax rate for incomes over €1 million, I started to look at whether I should start consulting in French… Un bagette merci… First, the 75% tax rate is payable where a … Continue reading →

Posted in Funny Stuff, Income Tax, Tax Policy | Leave a comment

Government operating at its best

Posted on December 25, 2013 by

After answering six months of letters to a Minister in the last government this is exactly what you come across every day…

Image | Posted on December 25, 2013 by | Leave a comment

The middle class welfare myth

Posted on December 21, 2013 by

Solve all our economic problems by cutting middle class welfare! Anyone who says this has never thought any more about this than whether the slogan sounds good… The Facts When people speak of middle class welfare, if they have any … Continue reading →

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What a great use of the Court’s time…

Posted on December 20, 2013 by

After the AAT and the Federal Court had a go, in November the High Court, the best jurisprudential minds, with combined experience of over a century, had a really useful challenge. The Administrative Appeals Tribunal and the Federal Court both … Continue reading →

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Luxury cars and hire purchase

Posted on December 19, 2013 by

Most luxury cars are financed in some way or another – although a car salesman friend of mine says a man wanted to buy his $80,000 BMW with cash, real notes. Maybe the car was still financed in some way … Continue reading →

Posted in GST, Income Tax, Legislation | Leave a comment

Is Australia a high or a low taxed country?

Posted on December 19, 2013 by

High or low is a relative measure. So if we compare ourselves to the Saudis we are a high taxed country but if we compare ourselves to the scandinavians we are in easy street. The economist tell me we should … Continue reading →

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Asset allocation in an SMSF

Posted on December 18, 2013 by

I spend a lot of time with financial planners – normally at conferences where planners often have a cleansing ale or seven… And they always ask what I am investing in personally.Why do they think a tax nerd knows anything … Continue reading →

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