The Pickering Post
Friday, 15th December 2017

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SO YOU GALAHS WANT MORE TAX?

... a million says ya won't get it!

Larry Pickering

Four-time Walkley Award winning political commentator and Churchill Fellow, has returned to the fray over concern that the integrity of news dissemination is continually being threatened by a partisan media.

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Kerry Packer is proving more right now than when he gave a Senate inquiry a tongue lashing over corporate taxation way back in 1991. “Multinationals” is a satanic term invented by Communists from the 1950s searching for an egalitarian form of income redistribution. The ideologues have changed but the ideology remains the same.

Iranian, Sam Dastyari was parachuted, unelected, into Matt Thistlethwaite’s Senate vacancy with three years’ tenure remaining, after Bob Carr and the ailing Graham Richardson, of the powerful NSW Right faction gave him the nod.

Dastyari, an avid Rudd supporter, was instrumental in knifing Gillard who ironically had parachuted Bob Carr, unelected, into yet another Senate vacancy, gifting him the Foreign Affairs portfolio he was promised after having assisted her to knife Rudd.

So if you can understand the incestuous factional system of ALP promotions, if you can figure out who is actually f***ing who in the zoo, then you stand a good chance of filling a Labor Senate vacancy yourself.

We are now blessed with the spectacle of regurgitated commo inquisitors, like Dastyari and Christine Milne, attempting to understand the convoluted, labrynthine corporate law the dumb Left politicians framed in the first place!

As Kerry said, "I'm not evading tax in any way shape or form. Of course I'm minimising my tax. If anybody in this country doesn't minimise their tax they want their head read. As a government I can tell you you're not spending it that well that we should be paying you extra."

Here’s what Dastyari and Milne need to get through their thick little commo heads: We are now, more than ever before, operating within an integrated global economy.

“Multinationals” have a duty to shareholders to minimise tax legally. Call it avoidance, evasion or avoision, it’s only ever about minimising tax legally. And “multinationals” are not that keen on breaking any sovereign laws... the savage penalties have CEO-sacking dimensions.

Now, if Dastyari and Milne (who cop another $30k plus exes for sitting on each and every inquiry and committee) had any inkling of how free enterprise works they would be making it more attractive for “multinationals” to domicile themselves here rather than chase them out of town into the welcoming arms of Luxembourg or Hong Kong.

Dastyari and Milne have little hope of dissecting or understanding Corporate Law anyway, that’s the specialist domain of far smarter people employed by the “multinationals”, so this farcical “inquiry” is going to achieve nothing but more Packer-type embarrassment for the accusers!

Profit-shifting and transfer-pricing is part of the chess game the politicians themselves invented and now they are in need of more money they accuse their opponents of cheating, but it’s hard to cheat at chess. So the only way is for the pollies to invent different rules, rules that will be immediately circumvented by the far smarter “multinationals”.

Australia maintains the most burdensome taxation regime in the world with PAYE tax topping out at 49% and Company tax set at 30%. The differential in both these taxes promotes the setting up of companies that can take advantage of split incomes, write-offs, deferments and an array of other legal manoeuvres that legally minimise tax.

The Government is now considering bringing company and PAYE tax rates closer together in order to dissuade workers from registering “tax-dodging” companies. Another stupid move, as even the big Australian, BH-P, has been known to have legally paid as little as 4% company tax in any one year.

Australian corporations are legally moving overseas in droves to escape an Australian tax regime that already takes 90c in every dollar earned via PAYE, GST, Payroll, provisional and withholding taxes, alcohol and tobacco taxes, petrol, stamp duty on houses and cars, endless licence fees, a capital gains impost, a medicare levy and myriad other taxes, levies, licences, duties and royalties.

When they finally figure out where the evil taxpayer has been legally minimising his tax, they not only make it illegal, they do a “Fraser” and make it retrospective!

That’s like running around putting up “no parking” signs where cars are currently legally parked and sending the owners a bill.

Here’s the nub: Let’s take just one legal tax shelter, the Asian financial hub of Hong Kong. Any company can base itself there and sell its product outside Hong Kong and pay NO tax. If it wants to sell to the Hong Kong market of a mere six million people, then it pays no more than 15% company tax on that portion of its profit.

That’s quite a disparity and an open invitation to escape a suffocating Australian taxation regime.

Our problem with diminishing taxation receipts is Dastyari’s and Milne’s beloved welfare system, the one the world’s migrants are fully aware of and, as ALP voters, they won’t allow it to be touched... so it’s back to whacking the wealth creators.

Trouble is the wealth creators will tell Dastyari and Milne to shove it up their respective clackers, and simply move on to more welcoming jurisdictions.



Comments

What that little Arab turd Dastyari should be asked is why he paid $350k of low-paid union workers fees to Craig Thompson to settle his defamation case against the SMH.

Wow, another conspirator that makes had us believe in the same detail(s) that the moon landing was created in a Hollywood studio. Come off whatever you are smoking or are on.

When I saw 7 hours I thought it must have been a mistake. Watched the three part version so I could stop it and get back to the spot. Arguing elsewhere now about Fluoride. Hard to convince people they're being lied to. Oh well. Things are changing. Have for me. Attitude especially. David's words have shown I'm heading down a good path. Cheers.

dodo, just finished watching the presentation. Absolutely fantastic. Thank you very much for the link. Shame many here would not take the time to watch it. I have no problem with anything David said. Champion chap. Cheers.

http://www.findingjustice.net/

Repeating !!! TRANSACTION/CONSUMPTION TAX IS THE ONLY WAY TO GO AND SAVE THE NATION. It is TIME !! EVERYONE in Australia PAID THEIR WAY!! Even the bludgers and parasites!! IF NOT !!?? TELL US !! WHY NOT!! 10 GOOD REASONS!!!

TA is another BIG disappointment. My guess is he will repeat Howards last tilt for re-election.

Just sent this to TA. Lets see if I get a reply : Dear Mr Abbott,
I would like to start this email by saying that I did vote for the Liberal Gov and I am sorry to say that I now feel that was a mistake.

I am a hard working Aussie taxpayer approx. 15 yrs off retirement. I am doing my best to save for my retirement but your government is constantly penalising me for this. You say you don't want us to rely on the aged pension but you penalise me because I happened to earn over 300K per year. I have paid over $8000 in extra tax on my super this year alone. Let me tell you something, Mr Abbott. I had to spend over 7 mths away from my family to earn that so I wont be a burden on the government when I retire. I'm not some millionaire fatcat, Mr Abbott. Just a hard working Aussie who trys to work as much overtime as possible to save some money for retirement.

Why is it that you wont target those who falsely claim welfare to save the government money. You know the ones. One of this country's biggest welfare burdens is the Muslim Community who arrive in this country, see a Muslim GP who in turns declares them unfit to work. They then breed like rabbits, take more than one wife and collect thousands upon thousands of taxpayer funded dollars.

Why wont you listen to what Australians want, Mr Abbott. You are pretty quick to stand up and tell us what Australians want yet you wont ask us what WE want. You and your government have let the Aust public down with your bowing to a minority group making demands of their host country. Remember one thing, Mr Abbott. This is our country first and we are the ones YOU should be looking after FIRST. Not a group of people who refuse to adapt to our lifestyle. It's not too late to do something, Mr Abbott but it will be if you don't act. Ask Australians what they want. Don't tell us or the title you have been given will surely come to fruit. " 1 TERM TONY "

We do not want to be penalised for being Australian but that is how your government is making us feel.

Is the Muslim vote really that important to you people because that's how it comes across. We are fed up and want something down about it. You may think I am being racist. I'm not and I'm all for multiculturalism as long as every immigrant adopts our laws and lifestyles instead of finding everything we do offensive.

Have a look around, Mr Abbott. The laid back attitude of every day Aussies is changing and we are fed up. You WILL lose government, Mr Abbott and you will have brought on your own demise. You have lost my vote but I don think that worries you because for every Aussie vote you lose, you might pick up a Muslim one and maybe, just maybe, they will get you over the line. Doubtful though.

Myself along with my family and friends will be voting for the Australian Liberty Alliance, Mr Abbott as they will do something that you are obviously to scared to do or just plain blind an dumb.

You really need to concentrate on the majority, not the minority.

Good luck in your early retirement, Mr Abbott and hopefully you wont tax yourself or Hockey too much on your superannuation just like you've done to me.

Just read this news article
http://www.smh.com.au/world/cardinal-george-pell-finds-hundreds-of-millions-of-euros-tucked-away-in-vatican-accounts-20141204-120k3f.html
Maybe we should recall Pell, not only to serve a prison sentence for 'kiddy fiddling' cover up, but to take over the Treasury portfolio & balance OUR budget.

Can’t accept M/GOLD Mine was a two liner not a ‘one’.

DUKE MARIGOLD.

I say let’s keep all flags at half mast ‘permanently’,
then everybody would be happy…except the dead person that is.

Sat 6.41 am was stopped all of yesterday from accessing ... firewall access denied. every second day or so. I try every few minutes and today woke up and I can get in. Anyone else get this so frequently?

The freedom and democracy that the US' Victoria Nuland gave Ukraine.

http://www.strategic-culture.org/news/2015/04/09/ukraine-disappears-opponents-kiev-regime-abductions-independent-journalists.html



A Family Business of Perpetual War
March 20, 2015

Exclusive: Victoria Nuland and Robert Kagan have a great mom-and-pop business going. From the State Department, she generates wars and - from op-ed pages - he demands Congress buy more weapons. There's a pay-off, too, as grateful military contractors kick in money to think tanks where other Kagans work, writes Robert Parry.

Neoconservative pundit Robert Kagan and his wife, Assistant Secretary of State Victoria Nuland, run a remarkable family business: she has sparked a hot war in Ukraine and helped launch Cold War II with Russia - and he steps in to demand that Congress jack up military spending so America can meet these new security threats.

This extraordinary husband-and-wife duo makes quite a one-two punch for the Military-Industrial Complex, an inside-outside team that creates the need for more military spending, applies political pressure to ensure higher appropriations, and watches as thankful weapons manufacturers lavish grants on like-minded hawkish Washington think tanks.

Not only does the broader community of neoconservatives stand to benefit but so do other members of the Kagan clan, including Robert's brother Frederick at the American Enterprise Institute and his wife Kimberly, who runs her own shop called the Institute for the Study of War........

https://consortiumnews.com/2015/03/20/a-family-business-of-perpetual-war/


Donald Kagan
Born into a Jewish family from Kurš?nai, Lithuania, Kagan grew up in the Brownsville section of Brooklyn, New York, where his family emigrated when he was two years old, shortly after the death of his father. He graduated from Brooklyn College in 1954, received an MA from Brown University in 1955 and a PhD from the Ohio State University in 1958.[

Kagan lives in New Haven, Connecticut. He is married to Myrna Kagan, a teacher and historian in her own right, and the author of "Vision in the Sky: New Haven's Early Years, 1638-1784." He is the father of Robert Kagan and Frederick Kagan, both well-known writers. Robert Kagan's wife is Victoria Nuland, the State Department spokesperson from 2011 to 2013 and the current Assistant Secretary of State for European and Eurasian Affairs. Frederick Kagan's wife is Kimberly Kagan, a well-known military historian and founder and president of the Institute for the Study of War.

http://en.wikipedia.org/wiki/Donald_Kagan

Marigold, I often see what you write and wonder if you're deliberately taking the piss. Ritchie Benaud was a world renown man, who was respected by everyone (including me) who met him. A little pomp and ceremony for him is warranted.

Just working my way through part 1. Most interesting dodo. It's amazing the stuff he says I have heard from other people. I know a lady heavily into Indian mysticism, she says the same quite often.

that Labour tax managed to sent many of the few industries left over to places such a Asia where they pay no such tax. At least now the balance can retain some of the equilibrium that we held in the past.

Wooooo Hooooo I'm on .

Seen the latest.. dark ages strikes again: man beheaded for sorcery in IS: https://themuslimissue.wordpress.com/2015/04/09/islamic-sharia-law-isis-decapitates-man-for-witchcraft-and-sorcery/ at least it was quick this time IMO we should target imams, Muftis and all religious leaders, not the brainwashed rabble

Well done H. You search much faster than I. Hopefully now they will piss off, had our fun. I do wish they were a bit smarter, not much of a challenge.

Amen