So you pay me, and take tax. I buy stuff, you tax me again. I fill up the car, you tax me twice again. I buy a house, I pay another 10? taxes? I pay into super, you tax it. I invest my few remaining dollars, and you want 47% of my profits too?
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There are up to 6 taxes on an investment property. Stamp duty, rates, income tax, GST, gains tax, lands tax. All go to government for doing not much. The governments take is enormous, yet the investor is the demon ?
Albo is telling a story about fairness, but in reality he’s just making it harder.
Treasurer Jim Chalmers is set to completely abolish negative gearing in the upcoming budget, according to Australia's largest bank, marking a major broken promise by the government.
https://t.co/q0NvjD7ecm
CPI is out today. 👀
The Iran conflict is shaping up as the biggest energy shock since the oil crises of the 70s/80s and it's about to show up in the numbers.
Westpac are tipping monthly CPI to rise 1.3% in March and April, with annual inflation peaking at 5.8% in May.
Buckle up.
#CPI #Inflation #ASX
🇦🇺 This Anzac Day, get to your local service.
Dawn service, RSL, or town memorial, just show up.
Honour the diggers who gave everything for us. Their courage. Their mateship.
Lest We Forget isn’t just words. It’s a promise we keep by turning up.
See you there. 🤝🇦🇺
One must wonder if the @AusFedPolice hadn't spent the last 10 years going after BRS they might have not let Sajid and Naveed Akram, the Bondi terrorists, slip through the cracks and 15 Australians might still be alive
Krissy Barrett you must resign now
Friday chart requests
Which ASX stock would you like me to chart?
I'll pick a few and post over the weekend.
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Enjoy the long weekend everyone stay blessed
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Magnetite Mines is pleased to announce the continued progress of the Port Pirie Iron Ore Export Concept in collaboration with Green Iron SA, a pioneering consortium comprised of Magnetite Mines, Aurizon Holdings, Flinders Port Holdings, GHD, and CSL Australia. The consortium’s project begins with fast-tracking the development of the Razorback Iron Ore Project, creating a secure supply of high-purity magnetite, a feedstock critical to the production of green iron. The project will then progress to the production of direct reduction (DR) grade pellets and ultimately pave the way for the manufacturing and export of direct reduced iron (DRI) in the form of Hot Briquetted Iron (HBI) from the established industrial city of Port Pirie.
Key Highlights:
Port Pirie Export Pathway Clarified: A high-level engineering assessment of Port Pirie's existing infrastructure and logistics options by Green Iron SA has outlined a potential iron ore export configuration from train arrival through to ship loading at Flinders Ports’ Berth 7.
Leverages Existing Infrastructure: The concept intentionally makes the best use of existing industrial land, port precinct infrastructure, and transport corridors, consistent with the consortium’s objective of enabling iron ore concentrate export as a precursor to downstream pellet and/or green iron production.
Designed to Limit Community Impacts: The proposed configuration prioritises measures to reduce dust and noise impacts and to minimize vehicle-rail interface impacts, including transport corridor selection, covered storage, and a sealed conveyor system.
Consortium Alignment: All Green Iron SA consortium members support the continued advancement of the Port Pirie export concept, subject to further technical and economic modelling, approvals, and stakeholder engagement.
Full announcement: https://t.co/wRch6dj0QK
#ASX #Mining #GreenIron #GreenSteel #GreenIronSA #PortPirie #IronOreExport #SouthAustralia
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