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Forum: The Barbie

Feb 21st 2018, 9:53 am

Replies: 89

Corporate Tax Cuts? Better Personal Cuts

Views: 4,911

Posted By GarryP

Re: Corporate Tax Cuts? Better Personal Cuts

There are three little games being played here:

The first is to talk about GST and then at the end switch to income tax to say they are getting a 'free pass'. Of course the reality is they are...

Forum: The Barbie

Feb 20th 2018, 6:44 am

Replies: 89

Corporate Tax Cuts? Better Personal Cuts

Views: 4,911

Posted By GarryP

Re: Corporate Tax Cuts? Better Personal Cuts

Yeah, there's no GST on electricity or gas, it would be silly otherwise ....

Forum: The Barbie

Feb 20th 2018, 6:02 am

Replies: 89

Corporate Tax Cuts? Better Personal Cuts

Views: 4,911

Posted By GarryP

Re: Corporate Tax Cuts? Better Personal Cuts

Yeah, that's why I added in the "we'll each pay $5" part of my scenario correction. The rich love the idea of 'consumption' taxes because it means that they don't have to bear their share. GST is...

Forum: The Barbie

Feb 19th 2018, 8:57 pm

Replies: 89

Corporate Tax Cuts? Better Personal Cuts

Views: 4,911

Posted By GarryP

Re: Corporate Tax Cuts? Better Personal Cuts

Only it's not, is it?

The richer you are, the more mechanisms come into play to cut your tax bill, the more you can pay people to fiddle the figures for you. The effective tax rate for the rich...

Forum: The Barbie

Feb 17th 2018, 8:33 am

Replies: 89

Corporate Tax Cuts? Better Personal Cuts

Views: 4,911

Posted By GarryP

Re: Corporate Tax Cuts? Better Personal Cuts

You should know by now you need to look at the bigger picture.

https://qz.com/1107112/there-are-170000-fewer-retail-jobs-in-2017-and-75000-more-amazon-robots/

Forum: The Barbie

Feb 17th 2018, 1:34 am

Replies: 89

Corporate Tax Cuts? Better Personal Cuts

Views: 4,911

Posted By GarryP

Re: Corporate Tax Cuts? Better Personal Cuts

Actually no.

Take Amazon as an example. Growth, turnover and fixed costs are improved such that their prime concern (being the only game in town - "Day 1") is maximised.

As such profit goes...

Forum: The Barbie

Feb 16th 2018, 10:19 pm

Replies: 89

Corporate Tax Cuts? Better Personal Cuts

Views: 4,911

Posted By GarryP

Re: Corporate Tax Cuts? Better Personal Cuts

Err that's a bit questionable. Depends on the turnover. It they employed 50 people and turned over $8bn on which they paid 30% they would be ahead of the company that employed 2000 jobs but paid 10%...

Forum: The Barbie

Feb 13th 2018, 5:52 am

Replies: 89

Corporate Tax Cuts? Better Personal Cuts

Views: 4,911

Posted By GarryP

Re: Corporate Tax Cuts? Better Personal Cuts

I do agree that the corporate tax rates should be comparable with the rest of the world, for those companies that could up sticks and walk. It's silly to think companies will pay 50% more for the...

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