The first law of media is that everyone on the left must be protected at all times and to the greatest extent. There is therefore nothing that Obama can do – not a single thing – that will put the mainstream of the American media offside. The IRS scandal goes direct to the White House. The previous Commissioner of Taxation of the United States, Doug Shulman, visited the White House 118 times. Got a good reason for that.
Ford have just announced that it will cease Australian manufacturing operations after 2016.
FORD will cease producing vehicles in Australia from October 2016, in a move that will cost 1200 jobs.
I have just posted this for my students so why shouldn’t I share it here. For anyone doing a conventional course in economics, specially one which does not include any history of economics, they would find what’s going on in China almost incomprehensible. It is an excerpt from a story in the Australian Financial Review by Angus Grigg published on Wednesday, May 21, 2013.
Back on the steam wireless to have a chat with my new best friends Andrew Bolt and Steve Price.
Andrew is concerned that the Liberals are not prepared to make the calls that are required to use a big mandate after September. The spectre of Malcolm Fraser is hovering.
Rewriting Australiaʼs recent fiscal history has begun in earnest since the release of the Budget earlier this month, with some bodies blaming Howard‑era tax cuts for the string of federal budget deficits.
See longer clip here.
Joe Hockey announced some serious tax policy reform today.
ATO initiatives
The Coalition will also foster a more cooperative relationship between taxpayers and the Australian Taxation Office.
We all have to pay our fair share of tax. But the relationship with the ATO does not have to be adversarial and should be based on mutual respect.
Wayne Swan at a presser today.
I’ve had a brief look at that material from the Parliamentary Budget Office and what it shows is that the structural deficit started as far back as 2001-02.
The WSJ editorialises about the current hysteria over MNCs paying little corporate income tax.
