Blogs

Treasurer Joe Hockey's small business budget package is not the economic godsend the government and many commentators make it out to be. Cutting taxes by 1.5% for companies earning less than 2 million dollars per year and allowing small businesses to access a $20,000 tax deduction for business related asset purchases, won't make much difference for the small business sector and sole traders.

"You cannot double dip, you cannot get parental leave paid from your employer and taxpayers"
- Joe Hockey

Says the man who claims $270 a night from taxpayers to stay at a property owned by his wife.

How does he get away with it? By listing that property (and the rest of his $10+ million portfolio) solely under his wife's name and claiming he has no interest in it.

Canberra's fish in a barrel, Christopher Pyne, is writing a book. The fixer will be penning his memoirs in a format best suited to his political style, a children's book. The rivetingly titled "A Letter to my Children" is the education minister's first attempt at writing a book, as well as his first attempt at paying attention to school kids, albeit his own. If he manages to read it to them all the way through, that'll be a first as well.

What is the Direct Action plan?

The Direct Action plan is the government's plan to reduce CO2 emissions. It replaces Labor's carbon pricing mechanism. The government describes their plan as the cheapest, simplest and most effective option.

How did Labor's carbon pricing mechanism work?

"I think Aubrey Herbert's charge against him [British General Sir Ian Hamilton, Commander of the Mediterranean Expeditionary Force at Gallipoli] is the most serious of all namely the wickedness of always leaving thousands of our wounded to perish in front of the lines after these attacks have failed instead of arranging for an armistice for their burial. The Turks have always proved themselves perfectly willing to have armistices and have actually asked for one at Helles which was refused by our General Staff.

Tom Elliot, like many who engage in yellow journalism, recently wrote a screed decrying socialists who opposed the bigoted "Reclaim Australia" rallies. His article, of particularly low calibre, raised the hoary old suggestion that these wicked socialists should experience the Soviet Union to find out what the world was really like then.

The following is a response, emailed directly to him.

The Migration Amendment Bill 2015 is currently before parliament. This bill gives security officers in Australia's off-shore detention centres unchecked power to use force against asylum seekers in any circumstance they think reasonable. The bill introduces a subjective test whereby security officers themselves get to decide if violence is warranted. Where excessive force is used in most cases the officers will be immune from legal action.

1. Set up a shelf company in Singapore where the corporate tax rate is 13% less than in Australia.
2. Avoid paying the 30% corporate tax rate in Australia by turning your Australian company into a subsidiary of your Singaporean company.
3. Avoid paying the 17% corporate tax rate in Singapore on profits by loaning that money to your Australian subsidiary.
4. Use that debt incurred from the loan repayments back to yourself as a tax deduction in Australia.