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Category Archives: News & Politics

News & Politics

05 Saturday May 2012

Posted by australia4mpe in News & Politics

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Australian superannuation, banks, BUDGET 2012, law, POLITICAL BETRAYAL, retirement, taxation

THE AUSTRALIAN TREASURY PLANS TO STEAL RETIREMENT FUNDS

Australian political representatives plan to steal our retirement funds by converting everyone’s superannuation into a “pension” rather than one having the choice to take retirement as a lump sum when one retires indicated in a report by the university of NSW titled  ” Longevity Management Issues for Australia’s Future Tax System, The Treasury “

line newsBUDGET 2012 ,POLITICAL BETRAYAL DECEIVING ALL AUSTRALIANS

Crumbs off the table for low income families with a 50 percent tax discount on the first 1,000 of interest earned on deposits, bonds, debentures and annuity products & tax rebate on previous losses for small business from 30 percent down to 28 percent. Immediate write off for assets costing less than $5,000. Introduction of a deduction clause that will allow taxpayers to deduct $500 of work related and tax agent expenses from 2012-13. The allowance rising to $1,000 from 2013-14.

line newsAUSTRALIA’S FINANCE MINISTER PENNY WONG PROPOSING FURTHER TAX’S BASED ON LIES.

Australia’s  finance minister Penny Wong proposing further tax’s based on lies. As a part of  Julia Gillards proposed ” budget emergency ac-wong-main-20130111114936112944-620x349plan ” finance minster Penny Wong stated in an interview with the ABC that further taxes are needed as a purported investment to pay for disability care & schools.

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