Down Under Australia - Underdog or pawn?

987baz said:
5 eyes managed decline bustles on .. oh canada!? worse than us for native title!?
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On property - I read recently, and will post the article if I find it again, that the Aus govt is talking about introducing another new property tax. If the govt rezones your property and that rezoning increases your property value, then the govt will tax you 50% of the capital gain. If you don't have the money up front, they will do a financing deal over 30 years. Nice of them to help out and all :mad:

Craig Kelly reckons that Albo got played by Trump at their meeting.

THE DEAL: ALBANESE GOT PLAYED

While the mindless drones in the media have been celebrating the deal struck between Trump and Albanese, without having a clue about the details, we can now see that Albanese was completely played by Trump, and this "deal" will be very costly to Australia.

Under the terms of the deal released by the US Embassy in Canberra, Australia is required to invest an extra 1 trillion dollars ($1,000 billion) in the USA by 2035.

That’s $100 billion a year for the next ten years of Australian wealth that, instead of being invested in Australia to create jobs here, will instead be shipped offshore to "create tens of thousands of new high-paying jobs for AMERICANS.

And what are we getting in return? The factsheet released by the US Embassy states:

"The Export-Import Bank of the United States is issuing seven Letters of Interest for more than $2.2 billion in financing, unlocking up to $5 billion of total investment, to advance critical minerals and supply-chain security projects between our two countries.

"So it’s 1,000 to 5.

Under this deal, Australia has to invest $1,000 billion in the US, and the US only invests $5 billion in Australia return.

Has there ever been a more one-sided deal?

This is the cost to Australia of the weak and incompetent Albanese, and selfish individuals like Rudd, who should have immediately resigned when Trump became President again.

Trump knew that Albanese was so desperate to be seen doing any "deal" and that corrupt media could report as a "success" for Albanese, that Trump could make the terms as totally favourable to the US, and the weak, incompetent Albanese would be happy to sign.

Australia has been dudded in this one-sided deal, and the hopelessly incompetent Albanese and Rudd are to blame.

And as usual, don’t expect any of this to reported by the corrupt and dishonest Australian media. And don’t expect the hopeless weak and cowardly Liberal Party to say anything. Technical Difficulties
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australia got played.PNG


Sounds like Trump might have gone in with a deal that was very favourable to the US but perhaps expected Australia to negotiate a bit harder and Airbus just folded. Apparently the funds will be an investment of Australian superannuation policies.
 
Jones said:
On property - I read recently, and will post the article if I find it again, that the Aus govt is talking about introducing another new property tax. If the govt rezones your property and that rezoning increases your property value, then the govt will tax you 50% of the capital gain. If you don't have the money up front, they will do a financing deal over 30 years. Nice of them to help out and all :mad:
Click to expand...

It's the 'Windfall Gains Tax' and here's an article on how it will apply in Victoria:

www.rigbycooke.com.au

What you need to know about the windfall gains tax - Rigby Cooke Lawyers

In our latest Tax alert, we explain the key issues of the Windfall Gains Tax including the current rate and when exemptions apply.
www.rigbycooke.com.au www.rigbycooke.com.au
 
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