Treasurer refuses to disclose economic modelling on tax cuts

Scott Morrison has refused to provide economic modelling on company tax cuts.

Treasurer refuses to disclose economic modelling on tax cuts

Federal Treasurer Scott Morrison has refused to provide economic modelling on company tax cuts because, he says, it does not matter to people in the pub.

After negotiations with the Senate crossbench last week, the Federal Government secured tax cuts for businesses with a turnover of up to $50 million.

The Opposition and media have continued to push Mr Morrison for modelling on the tax cuts. Instead of providing those details, Mr Morrison told reporters to go to the pub.

"I tell you what, if you go down the pub and you talk to small business people, they're not talking about econometric models. What they're talking about is how they're going to grow their businesses," said Mr Morrison.

"The Turnbull Government knows how business works. We focus on the things we know make a difference because of our life experience and our background in business," he said.

Meanwhile, Opposition Leader Bill Shorten would not confirm whether Labor would repeal the legislation if it wins office at the next election.

"I was in a pub in Proserpine yesterday. No-one came up to me in the pub and said 'just vote for the $50 billion corporate tax giveaway,' Said Mr Shorten."

What do you think? Do the latest tax cuts pass the pub test? Should Mr Morrison provide the economic modelling to substantiate his claims that the corporate tax cuts will boost investment and jobs?

Read more at smh.com.au
Read more at abc.net.au

RELATED ARTICLES





    COMMENTS

    To make a comment, please register or login
    bartpcb
    5th Apr 2017
    10:21am
    Scott Morrison is an arrogant, two faced pillock. His comments reflect exactly what he and his Right wing colleagues think of the general population of this country. He and his colleagues have driven up the debt of this country, despite their promise not to, and not having a Global Financial Crises to cope with. Further to their arrogance, in order to pay for their errors they want pensioners, Nurses, students, and all working people to bail them out, by taking pay cuts and losing penalty rates. I hope this country has learned it's lesson and to not put these 'robber barons' in office again.
    Old Geezer
    5th Apr 2017
    10:39am
    Just stop whinging and do like he says. Go to the pub!
    Gee Whiz
    5th Apr 2017
    10:54am
    I thoroughly support you "bartpcb".

    But we surely couldn't replace them with the economically useless and union led Labor party.

    The sad part is the LNP know this.

    They know the majority won't vote for Labor. Past results speak for themselves. And that's why the LNP continue to savage the average taxpayer and pensioner while voting themselves pay increases.

    Labor won't knock back the pay rises. They welcome it. They just lay back and let the LNP take the blame.

    But Just imagine how much good publicity the ALP would get if they pretended to argue against a pay rise.

    I don't really know where we go from here "bartpcb". I thought One Nation might have been the answer but they seem to be imploding.

    Nick Xenophon has been siding with the LNP so he might just be a flash in the pan. And Jackie Lambie has also been riding on the LNPs coat tails lately.

    Love to see a change of government. They deserve to be kicked out.

    But ..............?
    Anonymous
    5th Apr 2017
    10:56am
    And at the pub, I'm hearing a lot of decent working people complaining that it's getting harder and harder to make ends meet and the future is grimmer than ever before, and retirees saying this government is constantly attacking them, and business owners saying ''Tax cuts are a nice bonus, but it won't change anything except how much we have to spend - in the short term. In the long term, we'll be worse off because people have less to spend so consumption, profit and employment will fall. Except in the huge monopoly corporations, where CEO's and directors will vote themselves yet another huge pay increase and gloat about how well they are doing. Any business that subject to market forces has managers worrying over the impact of their customers' reduced spending power - and certainly not planning to employ more people to service falling demand. If they do pass on any benefit, it will be through lower prices - and that means the deflation that spells economic devastation.

    That's what's being said at all the pubs I visit.
    Old Geezer
    5th Apr 2017
    11:14am
    Gee Rainey I went to a pub a couple of nights mid week last week in a backwater place in Queensland and it was standing room only in what I would call a decent sized pub. They were telling me that things could not be better. I stayed at the showground which had a thirty other RVs of various configurations. Some of those fifth wheelers, caravans and motorhomes were very well appointed indeed. So if what I saw and heard last week then things are booming.

    Yes I just made it back before all the rain and floods. If I hadn't I'd be still there as the place is now flooded in.
    Batara
    5th Apr 2017
    4:41pm
    Bart you're right mate. Ignore Old Geezer. He is a Lib squaddie. I am with you. Morrison is Just so out id touch that it is beyond a joke.
    Anonymous
    6th Apr 2017
    8:51am
    OG doesn't live in Australia. He lives in a fantasy land he's invented and he rants with a lot of lies about conditions in this country because he's an LNP stooge who profits from a stinking society that tramples on the working majority and the underprivileged to line the coffers of the filthy unconscionable rich (of which he is one).
    Old Geezer
    6th Apr 2017
    10:44am
    If I live in a fantasy land then if this is fantasy land then it is nothing like I always though fantasy land was. Not too sure I like having a moat around my house.
    GeorgeM
    6th Apr 2017
    12:12pm
    Good comments, bartpcb, agree with you and Rainey.
    Besides being arrogant, this guy talks like a dictator who doesn't want to justify anything, or the modelling doesn't support his stupid plans.

    The big question continues to be - who is the alternative, as haven't got a half-decent one? Definitely, throw out this mob at the next opportunity.
    Farside
    6th Apr 2017
    4:11pm
    @Rainey -"a stinking society that tramples on the working majority and the underprivileged to line the coffers of the filthy unconscionable rich" ... really, why hold back Rainey, tell us what you really think of Australia. The rest of the world sees our quality of life as pretty desirable and certainly in the top few percent of all countries. No doubt there are many areas for improvement, which is what makes Australia so desirable, but it's time to check the hyperbole and have a reality check to see how good your lot is compared to the rest of the world.

    5th Apr 2017
    10:38am
    Morrison is correct, the only time voters talk about government policies or legislation is when it affects the hip pocket nerve. The brouhaha on this has only come about because the Opposition has made it an issue and, as usual, there is no confirmation from them as to their position.
    Old Geezer
    5th Apr 2017
    10:43am
    I agree the pub would not be interested at all.
    Anonymous
    5th Apr 2017
    10:59am
    Wrong. Everyone I know is very interested - and very worried about the damage this government is doing. And all agree less spending power among the battlers means less consumption, less profit, less tax revenue, less employment, and less growth. And a few extra dollars in the pockets of some minority business owners who actually paid their dues won't compensate for the reduced market demand resulting from screwing over those whose spending keeps business profitable.
    Anonymous
    5th Apr 2017
    11:18am
    Gee Rainey, you've really opened up the topic. What I read was about economic modelling on company tax cuts and I have framed my response in this narrow field. I can't argue with your comment because you haven't really told us how many people that your straw poll canvassed. When you say "everyone I know", that could be hundreds or, conversely, you could be Neville No Friends.
    Old Geezer
    5th Apr 2017
    11:41am
    Most people I talk to say that cutting the company tax is a good idea. The only ones that don't are those who rely on dividends and don't want their franking credits to fall as a result.
    Anonymous
    6th Apr 2017
    8:53am
    Leading economists say it's a bad idea. Official government figures refer to less than 1% growth resulting. It's more social engineering by a government that wants a return to a feudal society. Morrison won't release the figures because they prove the policy wrong. If he had an ounce of evidence to support his claims that the cuts were good for the country, he'd be shouting it everywhere - obviously! No politician ever stays silent when there's evidence he got it right!
    Old Geezer
    6th Apr 2017
    1:27pm
    It really surprises me Rainey that you know any leading economists. Don't tell me you rely on that crap in the press they call news that's main purpose is to sell? I certainly don't.

    Who really cares what is in that modelling because we all know that if the company tax as halved a lot more than double the company tax today would be collected. One small step in the right direction.
    Anonymous
    6th Apr 2017
    8:11pm
    What we all know, OG, is that companies won't pay their tax, and it doesn't matter what the rate is, they will find every loophole available to escape their moral obligations and they will continue to demand legal changes to make it easier to escape. Only as moron believes cutting company tax will help the economy. It's a step toward a feudal society in which the poor are totally screwed over.
    Anonymous
    6th Apr 2017
    8:12pm
    And I care very much about the modelling, because hiding it means it's not in the national interest.
    Old Geezer
    7th Apr 2017
    1:01pm
    Rainey but would you read it if I was to get you a copy?
    micky d.
    5th Apr 2017
    10:44am
    I am using supposed figures which, I believe, will not be too far off the reality of the situation.
    About 87% of the readers of this article will have never attended any University or Institution of Higher Learning. Of those who have done so, only a very small number will have taken Economics as a Major subject.
    This means that very few will be qualified to give any well-informed or useful opinion on the complexities of the economic modelling of aspects of our National Budget.
    But, I suppose there will always be a lot of know-all, no-little, comments
    Anonymous
    5th Apr 2017
    11:01am
    All the more reason why Morrison should be compelled to account for his policy properly - with researched and reliable numbers. Those who will suffer if he's wrong should at least be entitled to explanations that give them some confidence that he's not totally incompetent as well as being an arrogant pig.
    Old Geezer
    5th Apr 2017
    11:27am
    Well I am one of those who did spend time at uni doing economics etc and quite frankly I would only probably read the conclusion and not be too concerned about all the figures.

    How is anyone going to suffer with the economy booming as a result of these tax cuts?
    Tom Tank
    5th Apr 2017
    11:56am
    Major supposition OG that the economy will boom because of these tax cuts. What about you back up your statement by offering to donate some of your millions to a worthwhile cause if that boom does not occur.
    Old Geezer
    5th Apr 2017
    12:00pm
    If the boom does not occur maybe I wont have those millions as they will have already been donated to Mr Market.
    Gee Whiz
    5th Apr 2017
    5:08pm
    Well what a stuck up piece if crap that is micky d.

    You think everybody's a dumb moron because they didn't go to University?

    Well most of the politicians did. And look at the pile of dung we have ended up with!
    MICK
    5th Apr 2017
    10:41pm
    You crack me up mickey d. Economists have stuffed up the planet with their ideologies for decades and most have the common sense of a Newt. This is the same bunch who told AUstralians to sell their homes and invest in shares some 20 years ago exclaiming that houses were a dead investment.
    I have a degree and imagine others on this website also do. Our combined 'wisdom' would likely put genY 'economists' to shame. After the current world debt bubble deflates you'll see why........and the highly paid economists who have advocated money printing will be nowhere to be seen of heard. I'll bet my house on that. Want to play mickey?
    micky d.
    6th Apr 2017
    6:05pm
    Gee Whiz ! Gee Whiz.
    I re-read what I wrote and, gee whiz ! guess what! I couldn't find where I supposedly suggested that anyone who hadn't been to a University was a dumb moron.
    For the record, you're quite wrong.
    What I referred to were the complexities of economic modelling of aspects of our National Budget.
    Care to enlighten us with your wisdom?
    Tom Tank
    5th Apr 2017
    10:45am
    It is one of the standard excuses trotted out when reducing tax on businesses that it will increase employment. It is a variation on the "trickle down effect" which can best be described as the rich p***ing on the poor.
    Business only ever employ the minimum number of people they need, actually more less than they really need and just provide poor service. The only way to get business to employ more people is the spark up spending and that won't happen unless ordinary people have enough disposable income.
    Individuals like Morrison are remote from the realities of life and he is now in a secure position so that even if he loses his seat at the next election he will ride off into the sunset with a ridiculously large pension for the rest of his life. He will never have to worry where his next dollar is coming from.
    Janran
    5th Apr 2017
    11:36am
    I agree entirely Tom Tank and bartpcb - I call it the "trickle up effect".

    Consumer demand drives investment, not the other way around. Even Year 12 Economics taught me that.

    As I've stated in earlier posts: if you put money in the hands of the poor they'll spend the lot LOCALLY. But if you put money in the hands of the rich they'll spend it overseas, or invest in shares and multinationals, who don't pay their share of tax, or invest in property and negatively gear it and receive capital gains tax reductions. The rich will SQUANDER any benefits to the Australian economy or the average Australian.

    The increased numbers of working poor people in this country is the result of the rich leaning on them, with stagnant wage growth, the casualisation of the workforce and reduced penalty rates. At the same time the people are having to absorb the excesses of the rich by paying higher rents and being further locked out of the housing market.

    "trickle down"? PURE BULLSHIT!
    Why won't Morrison explain business modelling for company tax cuts? Because he can't!
    Cassius
    5th Apr 2017
    11:09am
    Arrogant SOB he has forgotten that his is a servant of the public like most of our pollies
    btony
    5th Apr 2017
    11:41am
    Jeez OG ,outback Qld pub? No doubt in the federal National party stronghold, what else would you expect in the state of two legged sheep
    Old Geezer
    5th Apr 2017
    11:44am
    It was actually in a seat held by the Labor Party not the Nationals.
    dougie
    5th Apr 2017
    2:26pm
    If things are so bad how can one afford to go to the pub. They seem to charge even for water these days.
    Doesn't matter what political party holds the seat if things are so bad save a bit by brewing your own.
    Anonymous
    6th Apr 2017
    10:21am
    Point 1: The only folk who can afford to go to an outback pub (especially given the drink-driving laws that keep most workers away0 are the well off - like OG

    Point 2: No self-respecting battler or anyone adversely affected by this LNP's cruel and disgusting policies would think of entering into conversation with someone as bigoted, nasty, and lacking in empathy for battlers as OG - on ANY subject, and certainly not about politics or economics. If OG heard it, he heard it from a rich LNP stooge like himself.
    Old Geezer
    6th Apr 2017
    10:49am
    Interesting Rainey as the pub off the beaten track I visited twice last week on a Tuesday and a Wednesday was crowded with an hour wait for a meal. It was booming and that was mid week. Some very interesting people in that pub. In fact it was a very interesting town that was locked in yesteryear. Off again next week to another one of these places armed only with plastic.
    Eddy
    5th Apr 2017
    11:46am
    Economic modelling can give you the answer you want, like any business case. It is only when the modelling is exposed to public scrutiny can we be assured it uses reasonable assumptions, and gives a reasonable prediction of an outcome. I can give you an example.
    A few years ago I was involved in a campaign to change the indexation of DFRDB (ie military) pensions from CPI to PBLCI (same as OAP). It got through the House of Reps and when it was presented to the Senate some 'economic modelling' was produced that showed it would cost $40billion for the forward estimates to implement. This shocked some cross-bench senators and they voted with the government to defeat to proposal. When the 'economic modelling' was analysed some of the assumptions were outrageously wrong, but it was too late. The economic modelling used 40 years as the "forward estimates", not the usual 5 years. Further, another assumption was that no DFRDB recipient, or potential recipient, would die in that 40 year period.
    Therefore I can conclude that if Mr Morrison will not release his economic modelling it is because it will not stand up to public scrutiny.
    Eddy
    5th Apr 2017
    11:52am
    By the way we eventually got our PBLCI indexation. in 2014 Mr Abbot made an election promise that he would bring it in for DFRDB recipients. It was one of the election promises he kept.
    Eddy
    5th Apr 2017
    12:01pm
    Another thing, what is this 'pub test'. I for one do not frequent pubs (except occasionally to dine in a Bistro but I prefer my RSL club). Also what validity would the opinions of partly intoxicated pub patrons, whose main economic credentials is gambling on pokies or TAB, have. Not much in my book. The pub test is no test at all.
    Old Geezer
    5th Apr 2017
    12:13pm
    Agree Eddy people in pubs have no interest in such things. More interested in footy or the GGs.
    Mad as Hell
    5th Apr 2017
    1:02pm
    In general terms, a “pub test” (not to be confused with a “pub quiz”) is a usually metaphorical test that seeks to evaluate the thoughts and opinions of ordinary Australians and apply them in judging potentially dubious activities by public figures, especially politicians.
    ie ScMo's economic modelling does not pass the pub test.
    Nor do the changes in the Pensioner Assets Test.
    Old Geezer
    5th Apr 2017
    1:17pm
    Let's get real. Nothing except government handouts pass the pub test.
    Mad as Hell
    5th Apr 2017
    1:50pm
    The OAP is not a handout it's an ENTITLEMENT after paying taxes during ones working life, not a redistribution of pensioners saving to fund business tax cuts.
    Triss
    5th Apr 2017
    3:20pm
    My goodness, the arrogance here. So you think people who have a drink in a pub are socially and intellectually below you. Get off your high horses before you get pushed off.
    Old Geezer
    6th Apr 2017
    1:22pm
    That just shows how silly this pub test idea really is.
    Coolbreeze
    5th Apr 2017
    11:57am
    What an arrogant, condescending, privileged, out of touch pr@#*k. He won't provide details because he can't. A 2015 report by the International Monetary Fund says that 'trickle down' policies just make the rich richer. And it's not the guys down at the pub that are able to analyse and comment on the economic modelling. There are well educated organisations that will do that. The LNP just know what the results of that would be already.
    Bluegum
    5th Apr 2017
    12:06pm
    The Treasurer should release the economic modelling. Whether people at the pub want it or not is totally irrelevant. It is an arrogant and ignorant assumption to make and at the very least we should call him out on that. There are many Australians who want to know and want to understand why certain decisions are made by governments. They may not all be in the pub, but I am certainly sure some are. I agree with some of the people on here that if he will not release the figures and modelling, it is because they are not correct or at the very least overstated. As others have said, cutting company tax will NOT increase jobs. that has been proved before. The same as cutting penalty rates and wage increases for Australia's lowest paid workers will not either. What it will do is increase the bonuses of CEOs and CFOs and perhaps for a short while dividends for shareholders, but overall and over the long term, it will do nothing for most Australians.
    By the way, I am sure there are very many more than 13% of readers on here with university degrees... and an assumption that unless you have majored in economics at university you cannot understand the modelling that is pertinent to this decision is absolute and utter rubbish!
    floss
    5th Apr 2017
    12:22pm
    Thank god there are no pollies at our pub as I hate the site of blood.Good comment Rainey.
    professori_au
    5th Apr 2017
    12:31pm
    The government knows how business works?????? I have worked in Public Service and found the so called executive managers have not a clue about business. The solutions for them is to raise taxes; give taxes to the rich or to take earning from the poor but do not! do not take from the rich otherwise you won't be eligible for the large donations business gives to be protected. The invalid takeover by foreign powers of the lawful government has ensured the protection of the rich and it is increasing at an alarming rate
    professori_au
    5th Apr 2017
    12:42pm
    We hear fear mongering from industry and speaking about automation and soon we will not need people workers. Hmmm! Methinks there is a major problem there. Robots will have no need for the products the make, so how will the corporations make their money. They need buyers. Those buyers are the very people governments are sending broke or ensuring they have only survival income. Loyalty to business or business to the worker no longer applies and why should it when there is no respect for those producing. My experience in business was that give courtesy and respect to those who work for you usually returns. Now we see bean counters looking to see what they can out and how many less workers working more hours might make the profits higher. Experience has shown when you go beyond a certain point production suffered, injuries occur and you lose workers to stress, heart attacks and so on.
    Fairness
    5th Apr 2017
    12:42pm
    Another Richard C spout...arrogance and ignorance personified, even if people in pub don't care or know plenty of far more informed VOTERS do have a right to know and express opinions. Hopefully this will all come back to haunt him, sooner rather than later!!!
    Not Senile Yet!
    5th Apr 2017
    3:01pm
    Old Geeser and Old man are obvious Liberal Party members and they will argue that the LNP can do no wrong until they Croak it!
    Suspected trolls given their obvious one sided views.
    Only Collingwood Supporters are that one-eyed.....then again they have modified their ways these days and become less so!
    Forget Left & Right Forget Right & Wrong!
    You have to be a Complete Numbskull to not understand that in Economics it is the Base of the Pyramid...9The workers) that need to have spending power to fuel any economy!
    The pub argument is a piss pour one! Why?
    The workers can not afford to spend time or money at the pub anymore!
    In fact most pubs are struggling to survive....they have been smacked by .05 drink driving....and most make more out of Pub Lunches.
    Old Geezer & Old man must be twins...same Blinkers....same mentality!
    Stuff you!.....I'm alright!.....Suck it up!!!
    Sound Familiar?
    It's the New LNP Core Policy!
    Just because those few at the Pub don't care...does not mean he doesn't have to justify Billion Dollar freebies to Corporates!
    Same old Argument 10% are cheating Welfare so the other 90% are as well!!
    What a lot of Propaganda Croc Shit!
    maelcolium
    5th Apr 2017
    8:26pm
    They are not twins, I suspect they are the same person trolling this site. Both have been fortunate in life to tuck away a few shekels so they don't need the OAP and are hell bent on making sure everyone knows how clever they are - not!

    I don't know why they even comment on the site because they are clearly not experiencing the trials and tribulations of others who seek the type of information this site offers. They are sad old trolls with no other purpose in life than to stick it to others. They will tell you how hard they have worked and I would tell them they are just lucky.

    I would like to see them disappear.
    Anonymous
    6th Apr 2017
    8:58am
    Agree entirely, maelcolium. The world would be a better place without such horrid creeps.

    For once, though, their argument is so clearly stupid that nobody with even the tiniest brain could fail to see how illogically bigoted these stooges are.

    Think about it. What politician would ever fail to peddle out - and shout loudly - if he had evidence that his policy was right? NONE!

    There is only ONE reason for refusing to disclose the figures and that is that they PROVE CONCLUSIVELY that these corporate tax cuts are BAD FOR THE NATION.
    Anonymous
    6th Apr 2017
    8:58am
    Agree entirely, maelcolium. The world would be a better place without such horrid creeps.

    For once, though, their argument is so clearly stupid that nobody with even the tiniest brain could fail to see how illogically bigoted these stooges are.

    Think about it. What politician would ever fail to peddle out - and shout loudly - if he had evidence that his policy was right? NONE!

    There is only ONE reason for refusing to disclose the figures and that is that they PROVE CONCLUSIVELY that these corporate tax cuts are BAD FOR THE NATION.
    Old Geezer
    6th Apr 2017
    10:58am
    Now Rainey You are getting a bit over the top against with your derogatory comments.

    Most economists I speak to also believe our company tax rate should be halved to 15% as it is at that level that accountants become too expensive and tax is the cheaper option. They also believe that our company tax revenue would more than double if that happened.

    Personally it would not be good for me as the franking credits wold be halved and I would lose quite a bit of income but one must make sacrifices for the good of the country.
    Anonymous
    6th Apr 2017
    8:09pm
    What a load of crock. A top tier accountant costs around $10,000 a year tops. It would be a very poor company that would consider it cheaper to pay their tax honestly than shell out $10K for an accountant, and considering that most accountants cost less than half that.... Really, OG, you sound like a blithering idiot making dumb claims like that. I sure hope not too many ''economists'' are that stupid!
    Old Geezer
    7th Apr 2017
    11:38am
    I'm talking about real corporate accountants that know their stuff and are prepared to use it not your average accountant that plays well within the law in case he gets sued. These accountants cost $100,000s of dollars and in some cases millions.
    Anonymous
    11th Apr 2017
    2:27pm
    Then it's time they were identified and jailed. Rewarding those who employ them is NOT a sensible solution.
    Rodent
    5th Apr 2017
    3:16pm
    Ladies and Gents

    I call Morrison the "Smiling Assassin" that grin on his face is enough to convince me he is full of it.

    Another Perspective can bee seen by Reading Richard Denniss article from AFR titled
    Why Business doesn't care about Deficits - it an interesting read
    Janran
    5th Apr 2017
    5:02pm
    It seems like the LNP Govt. doesn't care about deficits either.
    Except when it needs an excuse to lean on the working poor, pensioners and underemployed to cut pensions, working conditions, penalty rates and other benefits.
    Remember Abbott's (with Hockey and Corman) 2014 flopped Budget?
    LEAN LEAN LEAN. The rich are the real leaners.
    Triss
    5th Apr 2017
    3:34pm
    A lot of people disagree with me but I maintain that you must never put a highly wealthy man in a position of power, eg PM, because that power will be used to make himself more wealthy.
    We are constantly being told that the Age Pension is unsustainable but we can borrow money to give nearly $50 billion to wealthy companies.
    musicveg
    5th Apr 2017
    4:06pm
    The whole world is run by the rich, to keep them rich and to get richer. We are just their slaves.
    Mad as Hell
    5th Apr 2017
    4:00pm
    Another reason not to vote Liberal
    MICK
    5th Apr 2017
    4:08pm
    Of course Morrison is not going to release any modelling. If he did it would show the real effect of giving $50 billion to the rich and that would ensure being thrown out in a landslide at the next election.
    This government is all about class warfare and deceit. Only the simple minded, vested interests and trolls would support it. It does not take too much grey matter to understand what this lot are up to.
    Anonymous
    5th Apr 2017
    6:31pm
    great to see the masked labor clown mick back, as for having grey matter he won't have much to worry about as it does not grow on barren or in empty spaces.
    looking forward to see the comments of those contributors in these columns when industries start to close down, when their offspring are getting thrown on the scrapheap, as is happening in Victoria at the moment, because our industries can't compete with other countries whose industries only pay 20 to 25 cents tax in the dollar and then we might see who got the fore-sight or for that matter the grey matter!
    not hard to see most of the contributors to these columns have never ever had to think for themselves, nor employed people, nor worked for themselves after all so easy to hold you hand out at pay-day without a thought for those who employ them.
    however the day will come sooner than later that we will have to pay our debts and our kids won't say thank you for the mess you have left us and you can thank the likes of the labor party and the greens for bringing this on Australia who was once a paradise on earth.
    MICK
    5th Apr 2017
    10:51pm
    Did I say something about the 'simple minded'. Welcome in.

    Industries are built on slave labour and the race to the bottom is being orchestrated by the top end of town. You play one countries labour rates against another and of course you leave the top end alone because they have 'Independent Remuneration Tribunals' to set their pay.....which only ever goes up.
    I have heard it all before Heemskerk. In your lament about our children I never once heard any mention of getting multinationals to pay their taxes rather than use contrived schemes and off shore tax shelters to avoid our tax system. Same deal with the rich led by our own PM with his offshore tax shelters, places which effectively launder money....a crime if you or I did the same.
    There used to be a way countries protected their industries and the workers who worked in them. It was called TARIFFS. That way the third world could not cannibalise the first world. Unfortunately the rich have worked out that if you send industries to the third world and then force wage rates down domestically then you'll make more money and get generous government handouts to set up your businesses at home again.
    I wouldn't expect a mentally challenged person to understand what is going on around them and you pretty well fit the model with some of the ignorance you print. Do this community a big favour mate: walk away from the Liberal Party, get educated and open your eyes. You might find that your pay goes down but you will be free. Cheers.
    Nomad
    5th Apr 2017
    4:59pm
    Trickle down economics doesn't word . The I.M.F report in 2015 said that trickle down economics started as a joke and doesn't work , you can find the link to the report here https://psmag.com/the-imf-confirms-that-trickle-down-economics-is-indeed-a-joke-207d7ca469b
    MICK
    5th Apr 2017
    11:10pm
    Yeah, it is a scam contrived by the top of society to get governments to cut taxes for them. Worked pretty well in America where despite the model being shown for the scam it is the rich keep calling for more. The irony is that the top 1% own 90% of everything, pay little tax and still keep crying poor. Same deal happening in Australia. The poor little rich kids who pay a pitiful PERCENTAGE of their huge incomes in tax claim they are being over-taxed. So the game goes on.....
    Rodent
    5th Apr 2017
    5:07pm
    More real reading- for those interested
    In Todays Age and I assume SMH, is an article by Ross Gittins titled
    Beware of Politicians selling empty promises of Jobs and growth, its well worth the read

    Or old friend Jobsongrowth, I thought he had died!!!
    Mad as Hell
    5th Apr 2017
    5:16pm
    Yes it's in the SMH
    MICK
    5th Apr 2017
    11:13pm
    "Jobs and Growth"? This was a slogan purpose built for the mentally challenged so that this government could farm their votes. They did. Assisted by the mainstream media.
    It amazes me that many people are so gullible but then the old saying 'a fool and his money are quickly parted' did not come from nowhere so maybe I should not be surprised.
    KSS
    5th Apr 2017
    5:38pm
    I bet that person in the pub didn't roll up and say "Just don't vote for the $50b corporate tax giveaway" either! What a ridiculous comment to make. But then that's Mr Shorten for you.

    And perhaps it would be well to remember that it is small to medium sized businesses i.e. those to benefit from the tax cuts, that provide the majority of the jobs in Australia and NOT the multi-national conglomerates those on this site like to blame for all life's ills (when they are not blaming the current government that is).
    MICK
    5th Apr 2017
    11:19pm
    A comment crafted at Liberal Party HQ. Pretty obvious.
    So are you saying accountants, lawyers, doctors, dentists, etc. who already charge like wounded bulls need tax relief? And are you saying that the extra money is going to be used to employ more Australians?

    The $50 billion will mostly go to people who already have a high standard of living and have no need of it other than to increase their wealth further. The tax cuts should only have gone to SMALL business which is genuinely struggling....not fiddling the books with schemes to push taxable income through the floor whilst living the high life

    I have not voted Labor for many decades. IF Shorten makes an ironclad commitment that he will repeal this legislation I will be voting Labor next election. From what I have read recently so too will many others who normally do not vote Labor. I can see a landslide coming. And it ain't in favour of the Dictatorship Party.
    Old Geezer
    6th Apr 2017
    1:18pm
    Be careful you are jumping out of the frying pan into the fire.
    Farside
    6th Apr 2017
    4:27pm
    @Mick - it would be a courageous man to rely upon any promise that Shorten makes, ironclad or not. The man has form and proven he is not to be trusted. Look to see what his ALP brethren like Burke, Plibersek, Wong and others are saying.

    6th Apr 2017
    10:41am
    What we have here is just more evidence that Morrison, like nearly all politicians, is a post turtle.

    What's a post turtle, you ask. Well sometimes, driving down a country road, you might see a turtle sitting atop a fence post. You know he didn't get up there by himself. You know he doesn't know what to do when he's there. He's elevated beyond his ability to function. And you just wonder what sort of dumb-arse idiot might have put him there to begin with.

    Anyone care to admit to being one of the dumb-arse idiots that put all our current pollie turtles on those posts? 'Cause not one of them has the faintest idea what to do while up there. What they do know, sadly, is that when they are helped down, they will be paid mega-millions in compensation for the pain of having had to sit on that post for a while and be ridiculed for their incompetence.
    Old Geezer
    6th Apr 2017
    11:00am
    Rainey aren't all pollies post turtles that get put their by public servants? Public servants really run the country so it doesn't matter who is in power.

    6th Apr 2017
    6:37pm
    poor old masked brainwashed labor micky boy, can we ever hope to hear a reasoned argument of this man in these columns, al he can come up with is how bad this government is and how well we would be doing under shorty and the labor party, have we all forgotten the disasters we went through when the last labor government nearly send this country bankrupt or their present intention of not getting Australia back to become the great country it was before the last labor government, have we already forgotten rudd, gillard and again rudd?
    Mad as Hell
    6th Apr 2017
    7:35pm
    Abbott, Turnbull, Abbott an alternative? No way.
    Circum
    6th Apr 2017
    8:55pm
    Starting to see a lot of similarity with morrison and hockey.Both very arrogant who think they are above most people who they treat as plebes.Even if that was true,there is no justification for denying people the facts and reasons behind proposed action.That is not democracy.
    Mad as Hell
    7th Apr 2017
    8:15am
    HEY OG get this into your head from Bernie Fraser in the SMH this morning.

    "...the widely respected Mr Fraser – who served both Liberal and Labor governments as a public servant for 35 years – has gone even further, extending his criticism to the government and the business community for supporting the cuts.

    ‘‘ It was another illustration of what I’m afraid is an increasing trend towards unfairness in so many ways in policy matters,’’ Mr Fraser said. ‘‘ Some people now have much more than they really need and so many more have not even enough to get through.

    ‘‘ And you contrast that with the government’s position to commit – at this stage – $25 billion to reduce company taxes. Who are the recipients of those cuts?

    ‘‘ The main recipients will be the dividend holders – not traditionally a disadvantaged, vulnerable section in the community. And the other people who will benefit will be the senior executives of those companies giving themselves bonuses. All the while the vulnerable people are being squeezed at the other end.’’

    While he says he respects the Fair Work Commission’s independence , Mr Fraser suggested the strong submissions from the business community led them to the wrong decision.

    He also says the company tax cuts will deliver minuscule benefits off ‘‘ in the never never’’ . Meanwhile the inequality gap is only widening as the ruling class looks after themselves rather than the vulnerable and needy. "
    Old Geezer
    7th Apr 2017
    11:43am
    Thanks Mr Fraser looks like I will benefit from these tax cuts. Then again we are talking the SMH which is designed to sell papers and stretches the truth.
    Oldman Roo
    7th Apr 2017
    9:09pm
    OG , No disrespect but I would have thought stretching the truth is your specialty. Perhaps the SMH will print you and spare us the experience .
    Mad as Hell
    8th Apr 2017
    9:19am
    OG I was looking too some reasoned constructive feedback from your repository of financial experiences.
    Old Geezer
    7th Apr 2017
    1:08pm
    Here are the papers that the modelling is based upon.

    http://www.treasury.gov.au/PublicationsAndMedia/Publications/2016/working-paper-2016-02

    http://www.treasury.gov.au/PublicationsAndMedia/Publications/2016/~/media/ACCEB9F5E157439AAE854A9702D1136C.ashx
    Rodent
    7th Apr 2017
    5:36pm
    This article is well worth a read, especially the figures in the Tables

    http://www.abc.net.au/news/2017-04-07/just-how-uncompetitive-is-australias-tax-system/8425654
    Old Geezer
    7th Apr 2017
    6:36pm
    Where are places like Ireland and Singapore where a lot of companies pay their tax in that table?
    Rodent
    8th Apr 2017
    8:58am
    OG Could it be they are not G20 Countries?

    Any company paying Tax in these two countries, (and others) are likely to be using them to avoid their responsibilities to paytheir correct tax in Australia , maybe companies like BHP, Rio, and others
    Rodent
    7th Apr 2017
    5:38pm
    And this article as well, as weekend reading!!

    http://www.abc.net.au/news/2017-04-06/company-tax-cut-will-not-boost-economic-growth-richard-denniss/8422578
    1945 yorkie
    9th Apr 2017
    3:26pm
    What really galls me about Morrison is labelling the aged pension as a 'safety net'.The right to an aged pension is enshrined in legislation.It is high time that this government started to balance it's books by taking money off the people who can afford it and not those who have earned their pension.Start with the politicians who are blatently rorting the system and getting away Scott free.The banks who are gouging the public and getting away with it.Power Companies,Fuel companies,the list goes on,whilst the average person is slugged at every turn.What happened to Austalia?.It used to be a fair Country.