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This reflects the political orthodoxy that voters are essentially self-seeking. Give them a tax cut and they’ll give you their vote, to hell with the deficit.
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And there was a time when most voters did behave accordingly. But that’s ancient history. It changed decades ago.
The pollsters asked a representative sample of 1200 voters: “Given the choice, would you prefer that the Government used extra revenue to provide income tax cuts or to pay off government debt?”
Fifty-seven per cent preferred that the government pay off debt. Thirty-seven per cent went for the tax cut.
Interestingly, it’s the Coalition’s own voters who feel strongest about this – 68 per cent prefer a smaller national debt than a tax cut.
This reflects the political orthodoxy that voters are essentially self-seeking. Give them a tax cut and they’ll give you their vote, to hell with the deficit.
Loading
And there was a time when most voters did behave accordingly. But that’s ancient history. It changed decades ago.
The pollsters asked a representative sample of 1200 voters: “Given the choice, would you prefer that the Government used extra revenue to provide income tax cuts or to pay off government debt?”
Fifty-seven per cent preferred that the government pay off debt. Thirty-seven per cent went for the tax cut.
Interestingly, it’s the Coalition’s own voters who feel strongest about this – 68 per cent prefer a smaller national debt than a tax cut.
The Insolvency and Bankruptcy Code (IBC), 2016 no doubt is a path-breaking initiative in the whole reform process.
Not surprisingly, it has triggered huge debate and one of the key grey areas that had emerged in a recent cases pertained to rights of the customers in an insolvency process.
The Supreme Court had reportedly indicated that it would settle the grey areas in the code to see what role homebuyers could play in liquidation proceedings, while hearing arguments in the Jaypee Infratech case.
When the IBC 2016 was introduced, it classified company creditors into two categories financial creditors (banks and financial intuitions) and operational creditors (suppliers and vendors). It did not address the position of other creditors o…
Stewart Little, NSW PSA general secretary, said the government was quietly getting rid of “experienced and knowledgeable men and women who give you a fair hearing”.
This restructure plan is a disaster for the public servants whose jobs are on the line, and it’s a disaster for anyone who’s been unfairly fined,” Mr Little said.
“If youve been unfairly fined and you ring to get a review, that call should be handled by an experienced, impartial public servant.
“But under this plan, every time you ring you will get someone who is working under a the pressure of a KPI to suck money out of you.”
Internal documents show performance measures for fine collections staff include a measure of the average amount of revenue collected relative to th…
Deloitte also criticised the M and A Group’s record keeping.
“We note that we have been provided access to the company’s management accounting file maintained through [accounting software] Xero.
“However, this file appears incomplete and unreconciled.
“It is our preliminary opinion the books and records have not been maintained in accordance with Section 286 of the [Corporations Act] as no financial statements or income tax returns were prepared for the company.”
The Independent Property Group, which sold apartments inside the building, said in April that investigations were still being carried out to determine the extent of defects within the 90-unit development.
A defects report obtained late last year showed the Esque building has be…
is getting a new tenant: consumer-debt resolution company National Debt Relief.
The property is a short stroll from 33 Maiden Lane, a building owned by the Federal Reserve Bank of New York, which played a crucial role in stabilizing the banking system during the financial crisis. Maiden Lane also was the name of a series o…
Santanol Group owns about 2000 hectares of plantations with more than 560,000 sandalwood trees in Western Australia and Queensland.
Grant Samuel is advising on the sale of 100 per cent of Santanol Group in a move which comes after KKR reached a peace deal in a legal dispute with the minority shareholders who founded the company.
The Santanol Group is being marketed as a vertically integrated producer of Indian sandalwood oil and timber for the global fine fragrance, cosmetics, aromatherapy and traditional markets.
It expects to materially increase output as plantations mature.
A GOLD Coast schoolboy was kidnapped, bound and held captive over a multimillion-dollar gambling debt, police will allege.
The 12-year-old boy cannot be identified for legal reasons.
The terrifying ordeal ended near a police roadblock in the northern NSW town of Grafton on Saturday afternoon, almost 24 hours after the 12-year-old high school student was allegedly dragged screaming into a car outside his Gold Coast home after school on Friday.
It is understood he was found lashed to a headrest by the neck in the back seat.
Detectives will now apply to extradite a 53-year-old Australian man of Chinese heritage to face a charge of kidnapping for ransom.
It is understood police will allege the kidnapping was part …
Increasing complexity of local economy, decreasing aggregate effective demand, increasing infrastructural deficits, multiple taxes and charges have all contributed to lower productive capacities and volumes, thereby increasing cost of doing business and decreasing profit margins.
Specifically for our business, we continue to experience declining volumes and lower productive capacities, loss of a major customer especially in our branch network, in addition to escalating operational costs and decreasing margin. With the ever increasing need to satisfy our customers with supply of quality steel drums/produ…
A GOLD Coast schoolboy was kidnapped, bound and held captive over a multimillion-dollar gambling debt, police will allege.
The 12-year-old boy cannot be identified for legal reasons.
The terrifying ordeal ended near a police roadblock in the northern NSW town of Grafton on Saturday afternoon, almost 24 hours after the 12-year-old high school student was allegedly dragged screaming into a car outside his Gold Coast home after school on Friday.
It is understood he was found lashed to a headrest by the neck in the back seat.
Detectives will now apply to extradite a 53-year-old Australian man of Chinese heritage to face a charge of kidnapping for ransom.
It is understood police will allege the kidnapping was part …
A GOLD Coast schoolboy was kidnapped, bound and held captive over a multimillion-dollar gambling debt, police will allege.
The 12-year-old boy cannot be identified for legal reasons.
The terrifying ordeal ended near a police roadblock in the northern NSW town of Grafton on Saturday afternoon, almost 24 hours after the 12-year-old high school student was allegedly dragged screaming into a car outside his Gold Coast home after school on Friday.
It is understood he was found lashed to a headrest by the neck in the back seat.
Detectives will now apply to extradite a 53-year-old Australian man of Chinese heritage to face a charge of kidnapping for ransom.
It is understood police will allege the kidnapping was part …
A GOLD Coast schoolboy was kidnapped, bound and held captive over a multimillion-dollar gambling debt, police will allege.
The 12-year-old boy cannot be identified for legal reasons.
The terrifying ordeal ended near a police roadblock in the northern NSW town of Grafton on Saturday afternoon, almost 24 hours after the 12-year-old high school student was allegedly dragged screaming into a car outside his Gold Coast home after school on Friday.
It is understood he was found lashed to a headrest by the neck in the back seat.
Detectives will now apply to extradite a 53-year-old Australian man of Chinese heritage to face a charge of kidnapping for ransom.
It is understood police will allege the kidnapping was part …
