S𝓂𝒾𝒾𝓉𝓎......(っ◔◡◔)っ

.

[Gerard Rennick @RennickGBR]

If the Albanese government was serious about exploitation by foreign investors in Australias housing market, they would ensure that buyers have to provide their tax file number to their conveyance lawyer upon purchasing a property.

The idea that the ATO can thoroughly match stamp duty payments with a buyers citizenship papers is unrealistic as this clip confirms.

It's a pity the ATO didn't crack down on offshore profit shifting with the same vigour it cracked down on small businesses. As the attached article highlights • $35 billion in losses have been claimed by foreign property investors which begs the question as to how much in income hasn't been declared.

People First will ban non-citizens from buying residential property (along with Agriculture and Infrastructure).
For existing properties owned by foreigners we will request that Real Estate agents withhold 50% of rental payments made to landlords who fail to provide a tax file number to stop offshore profit shifting. We will also charge a minimum 30% on profits from rental properties.

Learn more at https://t.co/PeAaJW2X9d

•••••••••••••••••

"The Australian Taxation Office released its 2024 financial year data in June, and it shows more than 34,000 nonresidents claimed net rent losses worth a combined $473m.

It's almost four times the number of Australians who signed up as rentvestors in the same year.

The loss entitles the owner to a reduction in the tax on their rental income, but for super wealthy internationals getting rent from multiple properties or with other income it opens the door to a negative gearing claim.

Over the past decade, the total for rental losses claimed in tax returns by non-residents was $35bn.

Across the same timeline the tax data shows $68.6bn in rent interest deductions were also claimed, as well as $10.5bn in rent capital works deductions and even $65bn in "other" rental deductions.

[Ahmed/The Ears/IG: BigBizTheGod 🇸🇴 @big_business_]

First humanoid Robot kickboxing match officially happened today

[Andrewt5159 @andrewt5159]

Spot on !

[Gerard Rennick @RennickGBR]

Excellent post from @Peter Lyndon-James about media ownership. 👇

People First Party is the only party that intends to tighten cross media ownership laws that were abolished by the Coalition and One Nation in 2017.

We will ban foreign ownership of our media and prevent cross ownership of papers, TV and radio.

Ownership of the mainstream media in Australia has become too concentrated, especially when you consider that most of them are held by the same superannuation funds.

See our policy here:

https://t.co/50YZ4W2MWa

••••••••

"FOUR AUSTRALIAN CAPITAL CITIES HAVE ONE NEWSPAPER OWNER. GUESS WHO.

Check your state. See who owns everything you read.

Brisbane. Adelaide. Darwin. Hobart. Not one competing daily newspaper. The Courier-Mail, The Advertiser, the NT News, The Mercury, all Murdoch. If you read a paper in those four capitals, one American company wrote your news.

Perth?
Worse. Since January, ONE company owns Channel 7, The West Australian, The Sunday Times, PerthNow, 11 suburban papers, 19 regional titles AND the Triple M and Hit radio networks.

What you watch, what you read, what you listen to on the drive home, same boardroom, and its biggest shareholder makes his real money selling equipment to the mining industry his outlets report on.

That combination — TV, print and radio in one set of hands, was illegaluntil Canberra scrapped the rule in 2017. Both majors took the media money.

Neither put the rule back.

Sydney and Melbourne?
The "lucky" ones. A whole TWO owners each, Murdoch's tabloid vs Nine's broadsheet. That's as diverse as Australian print gets.

The bush?
News Corp shut 100 local papers during Covid. Whole regions now have no local paper at all.

Only Brazil has a more concentrated media than us. Not America, Not Britain, Brazil.

So when your whole state reads the same story, hears the same take, and votes on the same "facts", that's not a coincidence. That's a floor plan.

One owner per city. One version of the truth."

[sasha na copa @lobotosasha]

HAHAHAHAHA OS CARAS ESTÃO INDO LONGE DEMAIS NOS MEMES

[Syrian Girl @Partisangirl]

Australia's former Liberal Prime minister Scott Morison now works for Modi, an India-based tech firm specialising in international visas (i.e Visas to Australia)

This job was arranged while he was still prime minister, as a kick back for opening the door to more Immigration from India, (He signed the Australia-India Economic Cooperation and Trade Agreement (ECTA), on April 2, 2022).

He didn't consult the Australian people because it was more important that he secure a job for himself in India after his stint as prime minister.

[S𝓂𝒾𝒾𝓉𝓎......(っ◔◡◔)っ @brklouiseee]

@Fortnite

[Osher Feldman @OsherFeldman]

𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭’𝐬 𝟑𝟎% 𝐭𝐚𝐱 𝐢𝐬 𝐚𝐛𝐨𝐮𝐭 𝐭𝐨 𝐬𝐞𝐢𝐳𝐞 𝐚 𝐠𝐫𝐢𝐞𝐯𝐢𝐧𝐠 𝐭𝐞𝐞𝐧𝐬’ 𝐢𝐧𝐡𝐞𝐫𝐢𝐭𝐚𝐧𝐜𝐞 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞𝐢𝐫 𝐝𝐞𝐚𝐝 𝐝𝐚𝐝.

A devastated uncle, Rod, just spoke out, their father passed in April, leaving a modest trust for Jacinta (16, brain damaged from birth) and Jason (19).

These are kids with a single mum, just trying to get some stability after losing everything. Now the government wants a bigger cut.

“They’re dipping their hands into the pockets of a dead man and taking his money that’s destined for his own children.”

Rod agrees with Angus Taylor, this is cruel, unmandated, and immoral. A death tax by stealth.

Ben Fordham to Albanese & Chalmers: “explain this to these two kids.”

Heartbreaking.

[Elise Larsen 🇳🇴✝️ @jesusergud]

Every. Time

[Gerard Rennick @RennickGBR]

People should not become wealthy from NDIS. .

“Key figures in the Gillard government, who founded the NDIS, have gone on to chair union-backed super funds that are the biggest financial winners from the disability scheme.

In the largest transaction in NDIS history, a firm co-owned by more than a dozen industry funds turned a $28m investment into a $360m payday in just four years.

The firm, IFM Investors, used its “private equity” division to buy over 80 per cent of the largest NDIS plan management company, Adelaide-based My Plan Manager, from founder Claire Wittwer-Smith in 2019.

Documents obtained by this masthead reveal IFM forked out $26.8m in cash to a former special ed teacher, who had started My Plan Manager (MPM) in 2014 after leaving a job at the National Disability Insurance Agency.

At the time of the buy, IFM Investors was chaired by ex federal Labor cabinet minister and one-time ACTU boss Greg Combet.

When IFM sold MPM in 2023, Mr Combet had left. But former Labor cabinet minister Lindsay Tanner had joined as a director.

IFM Investors is ultimately owned by industry super funds including Hesta – chaired by former Labor health minister Nicola Roxon – and Cbus, whose board is led by ex Labor treasurer Wayne Swan.

All four were ministers under Julia Gillard, who founded the NDIS.

••••••••••••••••••••••

Disabled people should not be treated like commodities.

The fact that NDIS companies can be sold for millions of dollars shows that the scheme has been set up in a way to benefit grifters and not disabled people.

It should as no surprise that superannuation funds are involved in this grifting as they have a long established track record in grifting fees from poor working Australians.

Nor should it come as no surprise that the Labor party are behind this grifting.

Hiding behind their faux bleeding hearts are multimillionaires deceiving taxpayers of hard earned tax dollars and disabled people the proper support they need.

And don’t forget the money Superannuation funds pour into foreign owned renewables.

https://t.co/PeAaJW2pjF is the only party prepared to stop these rorts. Sign up today.

[Timjbo 🇦🇺 @TimjboAU]

Editorial: Liar Liar Pants on Fire

You want to know WHY people have lost faith with politics in this country. This is why!

The speaker of the house, Milton Dick, is running a protection racket. Credlin

This is why One Nation is on the rise, and Peta knows it.

A must-watch👇

[Dimitri Revolt @reality_revolt_]

A coded ritual wrapped in the narrative of fear and collective submission. Watch my Series https://t.co/QaU6uVaI93

[katy 🌸 @KatyKray73]

Next time you tell a massive lie, just say ‘I changed my position.’

Apparently that gives you a free pass to be a complete BS artist. 🤯🤷🏻‍♀️

[Gain of Fauci @DschlopesIsBack]

When you got eight Covid boosters and now you’re going to get a hantavirus vaccine.

[Malcolm Roberts 🇦🇺 @MRobertsQLD]

How many election promises will this budget break?

Guess we'll wait and see!

[Isaac’s Army @ReturnOfKappy]

The same man who aggressively pushed the COVID vaccines is now the one standing on the hantavirus cruise ship…

Reading from a script..?

Oh… and he did an internship in Jerusalem…

Same players….

Different virus….

You still think it’s random…?

[Collin G Wood ⚖️ ⚫️⚪️🐊🇦🇺🇷🇸 @Collin_G_Wood]

Throw them all in the Garbage Truck just like this. #auspol #Albo #Chalmers #Budget #immigration #Housing #economy #energy

[The Burnt Peanut Shorts @BurntPnutShorts]

Hutch Confronts Peanut...

[Jon-Bernard Kairouz @jonbernardk]

PM Albanese confronted over lying to Australians 🇦🇺

[Gerard Rennick @RennickGBR]

The budget failed to deliver significant income tax cuts to offset bracket creep that is devasting family budgets as a result of high inflation.

For someone on a wage of $80,000, 4% inflation reduces purchasing power by $3,200 each year.

The best Chalmers can do to help hard working Australians, is to offer a measly $275 temporary tax offset.

The minimum CGT tax rate of 30% is wrong. Capital gains like any income should be taxed at the marginal rate. Low income earners are going to be hit hard by this measure.

I could live with removing the CGT discount provided the extra tax revenue from that measure had been used to offset income tax rather than remove negative gearing.

Negative gearing is more effective when income tax rates are high.

If tax rates were lowered, then negative gearing would be become a more much ineffective tax strategy.  

Personally I’ve never been a fan of negative gearing, because you have to spend a $1 to get 47 cents back which leaves you 53 cents worse off in today’s money.

There is no substitute for cutting income tax if you want to maintain a strong economy.

Immigration is forecast to be 2 million over the next two terms of Parliament which is still too high. 

Yet again if Labor wants to improve housing affordability, why won’t they lower immigration?

Debt levels are forecast to continue to increase which reflects on Labor’s inability to control government spending.

People First will cut spending, cut immigration and cut taxes.

See how at: https://t.co/Fz48WQca1P