Chalmers Couldn't Lie Straight in Bed

[Black Orchid]

Jim Chalmers ... “New numbers out this week show more new businesses were registered last month than in any other month since these records first began in 1999,” he said. “More businesses were created in the month after the budget than in any other month on record.

Naturally he's lying!

“The treasurer is trying to gaslight the public again by saying the increase in company registrations is to do with an improving economy or more businesses being founded,” Mr Wilson said.

“That is 100 per cent incorrect. It’s people moving from trust structures, which will now be taxed at 30 per cent, to company structures, which — unless you have turnover over $50 million — are only taxed at 25 per cent.”

He said the trend was purely a tax minimisation strategy, and that a second reason behind the spike may be everyday Aussies putting their shares into company or trust structures to avoid increased capital gains taxes.

Recent research shows investors who bought the 20 most popular stocks six years ago would pay nearly double the amount of tax under Labor’s changes to capital gains tax.

https://www.news.com.au/finance/economy ... 70130125d5

These idiots need to GO!

Meanwhile we have that despicable smirking smarmy little cretin Bowen who is rorting the public for $4.2 million for accommodation in luxury Fiji resorts.

The Libs had better work things out with Pauline because next election we do NOT want preferences going to Labor. They can hang out with the Greens but no-one else.