Finally The Dudd agrees what I've been saying all along

Its funny how Labor Politicians are able to lie on your face again and again. On 9th March 2009, I wrote here (see below) that we are already in recession. In fact, I was late myself to write that as we have been recession for over one year (but I can be excused because I'm not the PM of Australia).

Finally, in the last few days Kevin "The Dudd" Rudd has started agreeing with me more. Some commentators are saying that Duddy boy is trying to shift the focus from the recent failure of his government in relation to boat people but whatever be the case, the truth is Australia is going through worst economic phase in a long time and this problem has quadrapled because we have an inefficient Labor government at helm.

Clearly, the stimulus package is NOT working. Few days ago, we heard Qantas Boss declaring job cuts and before it was Pacific Brands, Lands lease and many others.

Despite all this Labor kept lying to public. A case in point would be Tanya Plibersek, Minister for Housing and Women's affair in Rudd's ministry. She appeared on Q & A about 2-3 weeks ago and lied openly about increase in jobs in retail sector.

I've considerable experience in Retail sector and have been following it's job trends for last 12 months and I can say safely that the jobs have gone down in that period. It is absolutely ludicrous to say that there has been any growth in Retail.

I've just read a newspaper report on Sydney Morning Herald which states that even the RBA Chief agrees that we are in recession.

Now, that finally Kevin Rudd and his cronies have accepted that we are in recession ( more that one month after I said it) then the question for Kevin Rudd is that what has changed in that period?

Why didnt he declare this before Queensland Elections? Does he accept his Stimulus Package has failed?

Wasn't the stimulus package meant for saving us from rcession?

These are just some of few questions that tax payer's of Australia want to know from "The Dudd"

http://strathfieldvoice.blogspot.com/2009/04/kevin-rudd-and-q-and-on-thursday-night.html

Check out the other Blog about my experience @ Q & A

Australia should emulate Singapore

In the whole Asia-Pacific region there is no more pro business country then Singapore. Not only it encourages free trade and commerce it provides lower taxes which is helping its economy in many ways. Even though its such a Tiny country but despite that it is home to some of the biggest companies in the world. I think SingTel is one such example. Singtel owns mobile networks in many countries including Australia with its OPTUS brand. India, which is emerging no.1 market in mobile communications also has SingTel connections. Largest mobile operator of India is Bharti Airtel with more than 82 million subscribers is partially owned by SingTel.

Singapore

* Zero tax for new Singapore companies on the first 100K annual profits for the first 3 years
* All companies to enjoy approx. 9% corporate tax rate for profits up to 300K
* Overall company tax rate lowered to flat 18%

The corporate tax rate for all new and existing companies with tax filing from 2008 onwards year has been reduced to flat 18% with the following additional tax exemptions and incentives designed for small-to-midsize companies:

Full Tax Exemption
Full corporate tax exemption will be granted on normal chargeable income of a qualifying company up to $100,000, for each of its first three consecutive tax filing years.



I believe Australian govt. should also do the same and reduce business taxes in Australia.

With some information from :- AsiaBiz

Did you know?

Australian businesses are slugged with some of the highest Tax rates in the world. Australia has a flat business tax rate of 30% which is much higher than following countries:-

UK - 21% (starting)China- 25%Austria-25%Bulgaria-10%Uzbekistan-12%Slovenia-22%Belarus-24%Spain-25%Russia-20%Slovakia-19%Switzerland-13%Cyprus-10%Croatia-20%Czech Republic-21%Denmark -25%Estonia-21%Finland-26%Greece-22%Hong Kong-16.5%Iceland-18%Hungary 16%South Korea-13%Malaysia-26%Netherlands-25.5%Poland-19%

We should specially be worried about Singapore (18%- to be reduced to 17% next year), Malaysia (26%), China (25%), Hong Kong (16.5%) and Korea a mere 13% (starting tax)

These countries are Australia’s nearest competitor in Asia-Pacific and their reduced tax rates will affect Australian companies especially now that we are in worst recession of all times.

Similarly, Australian Government should learn something from Russia which is getting stronger day by day with a mere 20% tax rate thereby becoming an attractive destination for FDI’s. Why would people invest in Australia or build bigger businesses if close to 1/3rd of their profits are going to government?

Why is that Hong kong doing so well as compared to say a city like Melbourne?

Reduce Business Tax in Australia

Australia is going through worst crisis ever. Businesses are closing down, families are loosing their houses, students can’t find jobs and government has already reached deficit.

In every developed country, it is the businesses that play leading role in Nation building but unfortunately in Australia businesses have been sidelined by imposition of high taxes.When a Business is made to pay high tax it invariably passes onto consumers so in the end it is people like us who end up paying that Amount.We in this group call on all Political Parties, Consumer groups, Businesses Associations, Media networks and common everyday Australians to join hands and demand that Business Taxes should be reduced to save Australian economy from collapsing.