Adventure Ausrama Blog

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. ...

The United States debt has reached massive proportion. Something has to be done soon. ◘1 united up states we massive at am paid it aged massive it united news massive an nursing ◘1 How much longer can the U.S. keep accumulating debt? There has to be a day of reckoning.  What happened to Greece surely is a warning. When it does eventually take place there will be a world recession, even a depression.         ◙2 massive ok united in states to Using or paid massive ◙2 Two-third of the debt of $20 trillion is held by foreign governments, companies and the American public. They hold bonds, notes and bills. A third is owed to government departments and trust fund such as Social Security. Unfortunately,  this "surplus" is payable to baby boomers in just a few years.   ⦿3 paid up states united debt ⦿3 The US owes more than the EU. Indeed, it is the highest in the world. Moreover, it equates to a year's GDP. This has doubled since 1988 when i...

A forced asset test placed on elderly citizens attempting to enter aged care. This is a compulsory test for nursing care. ◘1 forced or elderly we test of care at Using am homes it aged test it forced news test he care an nursing ◘1 The government has discriminatory control over aged care homes. Furthermore, nursing homes show further discrimination by going along with federal authorities in Australia. An elderly person cannot pay full fee without being assessed for subsidy. Even if you are a millionaire and want no financial help you will still have your assets evaluated.         ◙2 aged ok forced in elderly to Using or homes test ◙2 In our capitalist system this is a shocking situation for people. Bureaucratic snooping around of one's finances is something no one wants. The tax office has a right to know. This is where it should end. We live in a nanny state, no doubt about it.   ⦿3 homes up test elderly forced nursing ⦿3 The ACAT form has t...

Members moves on from the Australian Wine Society. It seems just about everybody is investing in vineyards. The wine industry has drawn in big investors and hobbyists. Unfortunately, people do not think before they jump in. They are seeking to fulfill a dream: there is a certain amount of glamour involved in saying I am a wine maker, a vintner. There is a world glut of wine, particularly the cheap ones. Nations have pushed to establish new vineyards. It has had the aura of a local car industry or airline. Newcomers enter the industry all the time without doing any research and little training. Too much drinking not enough thinking It is not surprise to hear that the oldest wine club in Australia founded in 1946 is literally in the red, by a shocking amount. It owes a staggering $4.2 million to its wine producers. It operates as a distributor, buy and selling, though ostensibly not-for-profit. Supermarket chains sell nearly all wine in Australia and in a situation of overs...

Australia has always wanted a high speed train. The problem is there are great distances to travel and a complete rebuild of tracks will have to be done.  Like roads in Australia there is not the money to put down a decent foundation for them like they do in Europe where people live close together. If it was to be done the first location would be from Melbourne to Sydney.  That is where most choose to travel for vacation and business.  Governments of both political persuasions have set up inquiries then rejected the findings in the past. Some are saying that with the economic downturn investment in a bullet train would create jobs.  The real problem is who is going to pay for it?' Victoria and NSW say that the federal government should pay.  A joint investment program will be needed, however. ◆ Technology by Ty Buchanan   ◆ Adventure Australia Funny Animal Photos Funny Weird Things Articles News Reviews ● Vista Computer Solut...

The Australian economy is heading southward and this does not mean we are moving closer to Antarctica. Our financial health is still in primary products. The price and demand for iron ore and coal still drives the economy. At the moment the foot is really off the accelerator and we are idling downhill. We will eventually reach the bottom. Then the country will have big problems. Tax revenue is already falling due to lower demand by China. US demand for Chinese good remains sluggish. As the world economy falls it impacts strongly on Australia. We have not made the move away from agriculture and manufacturing. This is mainly because our resource bowl has kept wages high. Manufacturing countries always have a wage differential advantage. In time, wages will rise in China as they have in Japan. Then companies will probably move to Southeast Asia. The hope that Australia will have a increase in IT start-ups to offset the fall in resource exports is not well founded. Products ...

It has been a put forward that Australia should build a cane toad-proof fence across Australia. The rabbit-proof fence was a long term failure, largely because investment was not large enough for maintenance. States where the toad pest is already in plague proportions will no put in one cent. All fences put up to control kangaroos, dingoes, feral cats and wild dogs have failed in the long term. Animals are smart and they find ways of getting though when bad weather damages part of a fence line or animals damage the fence themselves. The problem is if fences are put up to stop cane toads getting to life saving water then all other animals are kept out as well. Toads need water. We all know that, but other animals also need water to survive. Basically, the only state with any areas free of can toads is Western Australia. Can we expect all the other states to give funding for this? Of course we cannot. With all states cutting expenditure on health, education and roa...

Was the Australian Securities and Investment Commission (ASIC) set up to improve business or just be a nuisance to operations. Its job should be to police the industry and make things run smoothly. However, putting one's nose in when it is not needed is not the best thing to do. The mining boom is coming to an end as the Chinese economy pulls back from high growth due to wages rising thus demand falling. Companies are looking to move to other Asian countries where labor is cheaper. Australian mining companies are looking to become producers of other things such as technology. With this move comes threats from ASIC for the miners to keep their noses clean. Apparently they must inform shareholders before they buy tech companies. We have not reached a point yet where shareholders manage companies. Surely, it is up to the CEO and the board to set future company developments and intentions. ASIC is making accusations that mining companies are "cooking the book...

There isn't much doubt that we have the most "out of touch" prime minister in Australian history. He goes oversees and visits world leaders and says absolutely stupid things. It makes you wonder if he lives in the same world as everyone else. He blatantly believes that he didn't lie about what he would do if he won office. He has gone full circle and made cuts to areas he said he would not change. He takes voters for granted thinking they are as stupid as he is. Again, he has made a statement that the majority of Australians know to be untrue. He said Australia was unsettled when Europeans arrived. Color blindness seems to be one of his flaws. Suggesting that British investment made Australia what it is today is applying modern theory to times when economic theory was in its infancy. There was little understanding of investment in those days. Anyway, Britain's investment was really more people, unwanted in their homeland. The only real investment wa...

A fall in house prices is a good thing for first home buyers, but it puts a squeeze on the rental market. With lower property values investors invest in other things, the bank or the share market. You would think that rents would move up and down with the price of housing, believing that monthly rents are tied to monthly mortgage repayments. This is a generality that is not always true. The reality is that as house prices fall, rents go up as investment to built more rental properties declines. In Canberra rents increased by 2.2 per cent last year. Perth continues to experience a drain of money to mining areas from Perth city itself. Consequently, new rental properties have not been built and rents have also increased. Those on low incomes who do not earn enough to get a mortgage are at the mercy of the rental market. As rents rise they have to pay more. Furthermore, students from poor families cannot afford to pay high rents. Despite the mining boom in Australia, many a...

People are jumping on the Internet without realizing that their action is leading to potential disaster. Many countries are leaving Internet investment to the private sector but such companies are only interested in short-term profit. Unless a monopoly exists it is just not worth while investing large amounts in Internet infrastructure. Communication is at the center of everything we do today. Soon mobile devices will outnumber PCs. In some places Internet speed is slowing down due to overload. To meet future demand Governments will have to get involved in telecommunication infrastructure investment. In some cases this will mean government take-over of information systems. Advanced technology requires very high speed and wide bandwidth. It takes up to ten years to build adequate optic fiber information networks. Soon poor countries will be measured by the quality of their Internet. Even some currently advanced nations will be left behind if they don't act in the near futur...