Jamie Smith

Greetings all.

5% of Australia's population changed their mind and voted in Labor. Existing economic pointers show prospect for inflation.

Rising interest rates here mean more people buying Aussie dollars from overseas, driving up the A$ when compared to other currencies.

For those moving in next 6-12 months, it might pay to hedge your bets and set an agreed exchange rate with a currency trader, so you know how many A$ you will arrive with.

Rising exports of primary goods will also apply same pressure to the $, methinks.

:curse: Labor tend not to respect employer profits, so existing (and I think illfounded) proposals may now proceed for employers sponsoring 457s to also now be asked to pay the total costs of bringing in a migrant vis agent fees, Govt fees, medical etc. Expect some employers to be deterred from hiring a migrant, others may look at lower obligation visas such as RSMS.

It's not changed yet, but the Labor Government will owe some big favours to the union movement for funding >$10m of advertising in the election...

Tuxtrip

Aha - a man who has obviously lived, worked, paid his taxes and experienced unionism under an Aussie Labor Government. Me too, which is why I voted for the Libs.

quoll

Add to that the slash and burn of government positions if anyone was hoping to get into the APS - which will mean that there will be lots of unemployed public servants out there looking for jobs which may have been filled by migrants in past days.

Perhaps you may all like to rethink because we are about to be even more PC than Bliar and the tax payers among us will be squealing before too long.

NedKelly

PC is the reason I voted Liberal. I think that although the economy may change a little for the worse it's the PC crap I cannot stand.

Also, Rudd has already said he would do away with detention centres for Asylum seekers and let them roam in the community. Look what happened in the UK with that policy. Not that Oz Labor is the same as UK NU Labour but they are both from the same stable.

Centurion

Comrade,

I agree wiz you.

Welkom to the revolution.

smee

Me too.
I remember interest rates at 17.5% under a labor goverment, many lost their homes.

German Dave

Please tell me where this low tax utopia is here in Australia. Only I've been here just 10 weeks, I earn a damn site less than I did in the UK but as a percentage of my wages I pay more tax.

Answers please....

MartinLuther

Interesting. Were you a contactor and avoiding IR36 in the UK?

rabsody

and it wasn't the same in uk under a conservative govt??? it was a worldwide recession! i remember many losing their homes and businesses in uk during this period.

German Dave

No, I wasn't. I was a contractor working (on the cards) for a company at Heathrow's T5 Project.

MartinLuther

So were you paying tax as a self-employed or as an employee? What sort of pre-tax figures are you talking about roughly?

German Dave

As I recall it was a damn site worse in the UK at the time. I left the UK because of the desperate economic situation at the time and thats how I ended up living in Germany. People forget just how bad it REALLY was - it was desperate.

German Dave

I just told you I was on the cards. That means PAYE. I really don't wana be posting any numbers up on here but trust me its more (tax) here than there.

MartinLuther

Sorry I didn't know that "on the cards" meant PAYE, it was just called PAYE in all the places I worked. I'll piss off now.

German Dave

No worries. Don't think because of it I'll be heading back to the UK/Germany though (my Wife is German). I love it here.....!