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Showing posts with the label MYEFO

Treasurer Scott Morrison's drive back to surplus.with apologies to National Lampoon's Vacation

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'Are we there yet, are we there yet?': Treasurer Scott Morrison compares the drive back to surplus to a family holiday despite budget deficit of $37.4 billion On Nine News: "There may be some delays with road works or things like this and there'll be plenty of people on the back seat, which often happens when I'm driving away, saying 'Are we there yet, are we there yet'." Is this the appropriate video? You've just got to love scomo the backslider's myofo economic analogy of him driving the family car and keeping the family safe. For those of you interested in the back slider reference: Brethren, Scott Morrison has informed national TV he can no longer attend Hillsong simply because of the tyranny of distance. Any other suggestions are purely mischievous. So there you are! http://www.jesus-is-savior. com/Books,%20Tracts%20&% 20Preaching/Printed%20Books/ Dr%20John%20Rice/Backslider/ bs_01.htm

Some Conservative ideas for Joe Hockey’s MYEFO

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If Joe Hockey really is keen on some deficit reducing action, perhaps Britain’s Conservative Government has provided some ideas. That’s how the business section of London’s  Daily Telegraph  headlined the tax changes outlined by the Chancellor. GEORGE Osborne has used his last Autumn Statement before the general election to launch an £8bn tax raid on big business, targeting banks and multinational technology companies. The Chancellor intends to raise billions by enforcing a “Google tax” on multinationals which artificially divert their UK profits overseas, while also blocking a corporation tax rule that allows banks to use the losses they racked up during the financial crisis to offset their future profits. The moves, combined with a string of other measures to stop companies avoiding tax, will help to fund a major overhaul of stamp duty and an increase in the personal income allowance to £10,600. A different kind of approach to raising the dosh than being taken i...