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Australia Hits Multinationals With New Tax Rules

Aussies make technology firms hand over their cash to state coffers. blog Australia makes multinationals pay more tax. An audit by the the OECD brought to light how much money the big companies owed. With countries toughening up the rules, it is becoming increasingly difficult for the tax avoiders to keep all the profit.  ⎳ Australia a Hits a Multinationals a With a New a Tax a Rules ⎳ The OECD recommended ways to stop the cash going to tax havens. Nations have taken notice and passed new legislation. Australia's rules are clear: if you earn in Australia you must hand over the tax.  Large businesses will have no choice.   ⦿3 Australia b Hits b Multinationals b With b New b Tax b Rules ⦿3 Messing around with intercompany transfers between international branches to artificially reduce income will also face obstacles.  The mother conpany providing overpriced inputs to outlying branches will end.  Microsoft, Apple and Google have had their wings clipped. ...

Bunnings Policy is to Trick Customers

Bunnings does not do well by its customers. Policy of Bunnings - trick the public. ◘1 Bunnings or Policy a is i to in Trick is Customers ◘1 Bunnings lies to you and gets away with it. "If you find a competitor's lower price on the same stocked item, we'll beat it by 10%." That is the promise. Ever wondered why you can never get the 10 percent. White labelling is the answer.   ◙2 Bunnings up Policy u is k to l Trickm Customers ◙2 This deception is getting the producer of a product to change it slightly. Or a good can be package in a unique size or weight. Of course people do get the calculator out and compare the real value, then buy elsewhere.  ⦿3 ⦿3 Clearly, many consumers have learned their lesson and do not trust the superstore . It is poor customer relations. The problem really is that the government has allowed the chain to buy up all competitors. Some towns that once had three or more hardware stores now must purchase at the one giant that is there.  ...

Australia's NBN Investment is an Absolute Failure

Australia's attempt at a fast broadband network has failed. NBN is absolute negative investment. broadband copper ◘1 nbn up we australia's at am it aged australia's news australia's an ◘1 Australia's National Broadband Network (NBN) is a failure. Well, I did tell the government that before they put capital into it. Like all politicians they think they know best, when many have never held down a "proper" job. It was obvious that new tech would make the old obsolete.    ◙2 nbn absolute a failure australia's ok investment to or ◙2 The Liberal Government f..... it up. It was they who chose to use the old copper : a network constructed more than a century ago. It is now that Labor can hold its head high and tell everyone we were putting fibre to the house when the policy road was changed - even though it became a waste of taxpayer funds.  ⦿3 investment failure up to absolute investment ⦿3 Telstra lies to us. ADSL is now called ADSL2. This is bl...

Predictions About a Cashless Society are Wrong

A cashless society will not happen despite predictions by economist and journalists. In the near future some countries could legislate to ban the use of coins and notes. This will be a drastic move. Indeed, people in the United States would argue that it is a protected right in the Constitution if it passed both governmental houses there. A shop would be stupid to put this sign out A myth is promulgated throughout the world that Singapore is a cashless society. This certainly isn't true. Ninety per cent of consumers in Singapore prefer to use cash rather than electronic payment. Just why there is a push to get rid of cash is a mystery. One can understand governments wanting to keep all transactions visible - it will stop tax evasion. However, there would be no benefit for people generally to use cards and transfers to buy everything. Economists and journalists have got the future totally wrong. How could cash be abandoned when it has almost universal appeal? I...

Australia a Cashless Society? Not Bloody Likely!

Experts have predicted that Australia will be cashless by 2022. Even Singapore which planned a cashless society cannot do it completely. Non-cash buying has reached 69 per cent. It has remained there. People love money and sometimes they want to see it. If you take it away they will lose confidence in the currency. This is just common sense. Has Singapore made major steps? Note, the world average for electronic purchasing is 66 percent of consumer spending. A pitiful 3 per cent is not a big step! While 79 per cent of Australians say that using mobile phones to make payments will be standard, most still have some cash in their pocket. What they say and what they do is not the same thing. Purchasing electronically, then going to pick it up will be the norm say 81 per cent. Unfortunately, this is not sustainable. Most pre-purchasers go out to physical shops to view what they intend to buy, looking at variants and price. If four fifths of the population actually did p...

Trojans are Beating the Banks

Everyone is spying on everyone else. This is a matter of fact. Life has changed so much since the advent of the computer. Trojans are easy to create and even easier to spread. When you log on to just about any site trojans flood onto your system. Even if you delete them they are immediately put back on your computer again. They do their work as soon as you start work on anything, sending information back to the target source. PCs, tablets and mobile phones are all vulnerable. New trojans are created daily in their thousands. Some are very damaging. The presence of the Hesperbot banking trojan doubled in two weeks. They spread li ke "wildfire". Emails commonly contain phishing bugs that look like real banking communications. They are after your username and password so they can empty your bank account. When you are working on your PC have you ever had a txt file mysteriously open on it own? This could indicate keystroking where what you type is being wat...

Who Do We Owe Money To? It isn't Real!

Everyone is in debt. That seems to be the case. But if we all owe money to whom are we indebted? Who are these fat cats who spend their days on the beach having cool drinks brought to them while they while away the time sunbathing? If truth be known the money does not actually exist. It has been created in the books of independent and national banks. In centuries passed the local blacksmith acted as the bank. Gold, silver and promissory notes were left in his safe. He soon became aware that the "goods" left for safe keeping would not be taken out by the owner for a very long time, if ever. For storing the valuable minerals and promissory notes he gave promissory notes in return. This meant that he could create money. He could also give loans, a large part of which would return directly back because the debtor opened a new account. When large private banks started, governments gave an assurance that a run on an institution would be protected by public money. We have see...

Man Robs Store With a Florescent Light Tube

Can't get gun or a knife but you want to hold up a store? Don't worry you can always use a light bulb. A man walked into a Brisbane service station and threatened the till operator with a florescent light bulb. He got away with a sum of cash. The Caucasian man, about 180cm tall with a chubby build and blue eyes was wearing a singlet with white stripes down the sides, shorts, white sports shoes and a dark balaclava at the time of the robbery. It begs the question - Why would an employee be afraid of someone wielding a florescent light bulb, knowing that a descent "whack" would probably result in it being smashed into harmless pieces? http://www.adventure--australia.blogspot.com/ http://www.tysaustralia.blogspot.com/ http://www.feeds.feedburner.com/AdventureAustralia http://www.technorati.com/blogs/ http://adventure--australia.blogspot.com . . . . . . . . . . . . . . . . . . Society