WomboCombo

[WomboCombo @JDJCVY]

@tobyeggleston @profholden Got it. Could be messy indeed!

[WomboCombo @JDJCVY]

@tobyeggleston @profholden Could the second tranche of equity could be structured to compensate initial feasibility? So the 999 shares are at market value referable to the value the individual has created to determine whether the concern is genuinely innovative. That wouldn’t be ‘dominant purpose’

[WomboCombo @JDJCVY]

@tobyeggleston @profholden It’s ‘new equity’ so perhaps not necessarily incorporation. Incorporate for $1 > do the prelim work to meet the principles > issue 999 shares. Claim the discount on 999/1000?

[WomboCombo @JDJCVY]

@tobyeggleston @TheAusInstitute Part of the problem with the tax regime for trusts is the integrity provisions (and interaction with Bamford). Having to apply a series of arcane rules to make sure the system works as intended is confusing and inefficient. Eg, the reimbursement agreement case law is a mess.

[WomboCombo @JDJCVY]

@tobyeggleston @TheAusInstitute So there’s nothing to complain about?

[WomboCombo @JDJCVY]

@tobyeggleston @EnergyWrapAU What are blokes on about? He’s making a point about investment benefits and comparison with gas industry. Harping about downstream consumer benefits misses the point entirely.

[WomboCombo @JDJCVY]

@tobyeggleston @strangerous10 Correct. That’s the best play.

[WomboCombo @JDJCVY]

@tobyeggleston @strangerous10 Because they’re not retarded?

[WomboCombo @JDJCVY]

@tobyeggleston It’s a great budget. And no quality of messaging could cut through the level of hysteria you see on this platform or MSM.

[WomboCombo @JDJCVY]

@Dan_Trend @pwafork @elg123 Oh yeh we’re all scared to leave the house

[WomboCombo @JDJCVY]

@D0NT_B_Stupid @AshPolitik This is not fake. Per your handle, don’t be stupid.

[WomboCombo @JDJCVY]

@tobyeggleston @TaxPawspective Not so backwards when you consider the degree of shrill hysteria this stuff generates. Get it out then side bar the interest groups.

[WomboCombo @JDJCVY]

@tobyeggleston @TheRealDavey2 Is there any data to back these claims? 10 years is a long pathway to commercialise R&D. Sure some may go longer than that but they would be edge cases and I doubt they shift their R&D out of Aus because they lose some tax credit at year 10…

[WomboCombo @JDJCVY]

@TMFScottP It’s not regressive, it encourages free trade of assets rather than deferring realisation based on tax thresholds. End of the day, this is a workers budget. Long overdue and impossible to unwind. All the whining on X is just for sport now.

[WomboCombo @JDJCVY]

@npelly Huh?

[WomboCombo @JDJCVY]

@tobyeggleston @dylanlindgren Ergh I just looked at the draft legislation.. The section is for platforms that are offsetting their liability to the charge through agreements that are effectively a sham.. 23(3) doesn’t work the way you suggested, it’s to capture shemes involving deals w/ fake news businesses

[WomboCombo @JDJCVY]

@tobyeggleston @dom_ma “The profit for multinationals is determined in accordance with internationally agreed arm’s length principles…” so the system is perfect and no MNE ever games their taxabale income into preferable tax rate jurisdictions? Please.

[WomboCombo @JDJCVY]

@MichaelWestBiz @AlboMP Right so you’d prefer that the money goes to X, Meta and TikTok without any return to Australian journalism?

As to how “they spend it”, the model incentivises platforms to do direct deals with media outlets (particularly smaller outlets) so the funding goes direct.

[WomboCombo @JDJCVY]

@MichaelWestBiz @vonderleyen @AlboMP So are you against the trade deal? Or is this just ambiguous sniping for the sake of it?