Twiggy sticks a great big log up Rudd

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Simon Crean, a great Victorian, came out yesterday in Question Time and mentioned the removal of the royalties paid to the states which the RSPT will replace.

Crean is a dud of the highest order. Up there with Kim Carr re picking winners nonsense. Made Kim B look very good.

It would be akin to someone on here saying Kevin Andrews was a great man.
 
Crean is a dud of the highest order. Up there with Kim Carr re picking winners nonsense. Made Kim B look very good.

It would be akin to someone on here saying Kevin Andrews was a great man.

Kevin Andrews did do one great thing, he set the ball in motion that got rid of Turnbull.
 
How good are the mining council ads during the state of origin. Karma is a bitch for Kevvy and his union mates. The mining council is using the same attack pattern ie the impact of the tax on ordinary Australians, that the unions used for work choices, to bend Kev over and screw him.

Krudd would not be enjoying this!
 

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pazza - can you tell me how this works, or provide a link that explains it?

for eg - are state royalties all abolished the moment the tax comes into effect?

Do the states get compensated for loss of revenue from the super tax?
And if so, has this been already allocated in the forward projections?

Do the states all have to give their consent to forgoing their royalties?

As I understand it...once the tax is passed (and it will...the Greens, Xenophon and Fielding seem to be backing the Government in the Senate based on comments i've heard so far from the likes of Bob Brown) - the royalties as they currently apply will be removed to the point where the maximum tax payable is 40% (it will be in Hansard).

One thing not mentioned by Twiggy and co also is that only those projects that are achieving "super profits" will have the tax applied to them...and not those projects that aren't profitable (see today's Senate Hansard) - so it's not even applying across the industry. Another lie debunked.
 
One thing not mentioned by Twiggy and co also is that only those projects that are achieving "super profits" will have the tax applied to them...and not those projects that aren't profitable (see today's Senate Hansard) - so it's not even applying across the industry. Another lie debunked.

You do realise how silly you post is, don't you?

How many entities which break even or make a loss pay tax?
 
She pays no tax on these investments and never will. They are tax free, there are always ways Grin.

So your aim for your daughter is to get as much from other tax payers herself whilst not contributing anything herself, just like mining magnates?
You're happy leaving others to foot the retirement bill because people like you insist we give away our national wealth to foreigners.

The utter selfishness of Liberal fan boys is stunning.

Don't you realise that your daughter will doubtlessly end up paying some of the retirement bill incurred by inadequate national savings and superannuation. Even though, as you claim, you are trying to teach her to never pull her weight and to rely on others to carry her.

You would crawl over your own daughter's interests to strip wealth from your fellow Australians for the sake of foreign interests:eek:

Wow.

Your commitment to mindlessly towing the Liberal party line is impressive.
 
So your aim for your daughter is to get as much from other tax payers herself whilst not contributing anything herself, just like mining magnates?

On what basis do you think mining magnates pay no tax?

You have no basis for this.

You simply can not comprehend the issue and simply parrot a number of lines all of which are completely wrong eg these resources belong to all of us.
 

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So your aim for your daughter is to get as much from other tax payers herself whilst not contributing anything herself, just like mining magnates?
You're happy leaving others to foot the retirement bill because people like you insist we give away our national wealth to foreigners.

The utter selfishness of Liberal fan boys is stunning.

Don't you realise that your daughter will doubtlessly end up paying some of the retirement bill incurred by inadequate national savings and superannuation. Even though, as you claim, you are trying to teach her to never pull her weight and to rely on others to carry her.

You would crawl over your own daughter's interests to strip wealth from your fellow Australians for the sake of foreign interests:eek:

Wow.

Your commitment to mindlessly towing the Liberal party line is impressive.

Its perfectly legal, a registered product offering by ASIC and available to all members of the public and investments start at $500. If you have a problem with it take it up with your local member.

And it is not my job to fund anyone else's retirement. I pay more tax than most, stay within the law and work hard to provide for my family. It is called being responsible, something most of those on the left never grasp. They will always be looking for someone else to do it for them.
 
Superannuation funds support the tax.

Investors including minors don't have to invest in our resources.
There are plenty of others who will.

The investors of interest to the government should be tax payers, not private investors and not foreign interests. Even if they have purchased the Liberal party.

In my view it's not acceptable for the Liberal party to give a multi billion dollar donation to private investors (many of them foreign) in return for a few hundred thousand dollars worth of party funding and a few million dollars worth of advertising aimed at tricking the stupid out of their children's inheritance.
 
Its perfectly legal, a registered product offering by ASIC and available to all members of the public and investments start at $500. If you have a problem with it take it up with your local member.

And it is not my job to fund anyone else's retirement. I pay more tax than most, stay within the law and work hard to provide for my family. It is called being responsible, something most of those on the left never grasp. They will always be looking for someone else to do it for them.

Look I know that we are having a vitriolic disagreement;).....
But do you really miss my point?
 
Superannuation funds support the tax.

Investors including minors don't have to invest in our resources.
There are plenty of others who will.

The investors of interest to the government should be tax payers, not private investors and not foreign interests. Even if they have purchased the Liberal party.

In my view it's not acceptable for the Liberal party to give a multi billion dollar donation to private investors (many of them foreign) in return for a few hundred thousand dollars worth of party funding and a few million dollars worth of advertising aimed at tricking the stupid out of their children's inheritance.

What and private investors don't pay tax? You are losing it big time.
 
Look I know that we are having a vitriolic disagreement;).....
But do you really miss my point?

You accuse me of being immoral for using a legal product that is available to even a dead beat like you. The difference is I know it exists, you do not.

And no I am not telling you what it is, go ask your industry super fund to advise you. Remember Grin, you get what you pay for in life and good advise costs.
 
What and private investors don't pay tax? You are losing it big time.

The share holders of the government so to speak are Tax payers, not private investors even though some people who invest in mines are also Australian citizens who pay tax.

What you seem to be arguing is similar to saying that most people who hold shares in banks also probably hold shares in mining, thus banks should donate their profits to miners.
 
Investors including minors don't have to invest in our resources.
There are plenty of others who will.

Finance is completely beyond you. Miners aim for a minimum 10% return, they need to due to the risks involved. If they can get higher returns elsewhere they will.

The Chinese will accept lower returns than others and even they are cutting up rough over this.

The investors of interest to the government should be tax payers, not private investors and not foreign interests.

And there is every chance the tax take will FALL due to this (see Access et al)

In my view it's not acceptable for the Liberal party to give a multi billion dollar donation to private investors (many of them foreign) in return for a few hundred thousand dollars worth of party funding and a few million dollars worth of advertising aimed at tricking the stupid out of their children's inheritance

They are not donating money to anyone, miners pay a heap in tax.

In any event the minerals belong to the states

Wrong on a number of levels.

Where is your anger re taxpayer donation to the auto industry?

If you cant be bothered to read enough articles to get even the most simplistic understanding of this then why bother bombarding us with dribble?
 
The utter selfishness of Liberal fan boys is stunning.

Compared to the selfishness of you self-righteous left-wingers, who seem to think you're entitled to a cut of everything without actually earning it?

Do you consider the people of Greece to be selfish?

Explain to me how Labor wastefully spending the money put in the FutureFunds isn't selfish? Splashing out huge amounts of cash to satisfy our immediate wants without considering the huge interest bill that'll result, and how long we'll be paying that off for?

Minerals in the ground are worthless, why didn't you start your own mining company and become a billionaire, considering how easy it is?

I don't think you could seriously label us selfish because we're not suportive of this shambles of a tax - that label applies to those who always want more, yet do nothing to achieve it.

EDIT - Sources on the SuperFunds supporting the tax? One guy came out and said the industry did, and then the rest of the industry promptly refuted his comments.

Also;

In my view it's not acceptable for the Liberal party to give a multi billion dollar donation to private investors (many of them foreign) in return for a few hundred thousand dollars worth of party funding and a few million dollars worth of advertising aimed at tricking the stupid out of their children's inheritance.

How do you feel about a few hundred million dollars being gifted to the wealthy people who own our FTA TV networks then?
 

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Twiggy sticks a great big log up Rudd

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