Hello everyone

After the successful vote in of the
Australian 

 Revolution

There will be a major change to the Australian Taxation system as we know it

The system will switch over to a debits and credits taxation system

It simply means that you pay tax every time you spend or bank money
The rate is not officially set yet ,
but i believe its around seven percent at this stage

You will all get a massive increase in your weekly wage straight away ,
as income tax is obviously abolished ,
so for an example if you get paid a thousand dollars you will get  $930 deposited in to your account

When you withdraw cash 7% will be taken as tax

That is it in a nutshell

If you spend money you pay tax
If you save , you dont

So everyone pays their fair share of tax everywhere in the country.

The policy documents are prepared and the roll out of the new system will be overseen by a friends dad Mr Matthews
He has a broad  complete knowledge of the workings of the system so its his baby
And if any problems are found will be quickly addressed.

I envisage almost none as he has been over the new system thoroughly

The GST will remain in place and it will apply to all imported goods and services and be at various rates for different things

It will be Australia’s method of protection for our companies and our country and our markets and it will stop our markets from being flooded with cheep foreign goods and damaging our businesses and our new economy

There will be no tax deductions for anything anymore.
As the old system is in the bin where it belongs
No trust funds either as there is no tax advantage anymore

Now here is the interesting part for the general population of Australia 

When i was a young man i ended up buying into my own business with a partner while i was still an apprentice
I finished my last year under myself in the panel shop .

We worked bloody hard and long hours to get ourselves established

So i did two tax returns
One personal one and one for the business

It was that long ago i had to buy tax stamps for our employee

We did well in the business for the first few years but our tax bill was extremely large and then we had to pay double tax with provisional tax payable for the next year in advance.

This made going into business tough for anyone as you work so hard just to pay the government tax.

The current taxation system is made for the rich to avoid taxes as much as possible ,
and for the poorer man to pay proportionately more tax than the rich man .

Our accountant eventually came up with a plan to save us both a fortune and we first became a company instead of a partnership

There was a lot of costs involved with the whole set up initially but the rewards for us were far greater.

After we became a company we also opened up a property trust fund and a smsf account and we were away

The scheme was cleaver in its concept ,
but it also opened the door for us to easily commit  taxation fraud as well

Hypothetically speaking we could actually borrow sums of money through the bank and through our property trust to say build a new shed or to buy expensive special  equipment

You see then we could claim the repayments on the loan and its associated maintenance costs and we then would pay even less taxes

But of course we didn’t actually build the shed or buy the expensive equipment did we .

The money was gone though

Hmm
Is that fair on all of our hardworking Australian workers?

The thing is that nearly everyone that can is doing this
It all adds up to billions of tax dollars annually lost in taxation revenue for our country.

I was then doing four tax returns and our accountant was making good money from us
but we were saving an absolute fortune in taxes .

But by Australian taxation law we were always fully compliant

It was all going along good until Labour bankrupted Australia ,
and then last week on budget night and because the government has taxed the poor to the max already ,
they had to now go for the wealthier Australians throats

They have directly lied again to the Australian 

 people ,
and they then announced a thirty percent tax on trust funds and death duties i believe.
I didn’t actually watch it

So now we as a country are so broke that the system is starting to eat itself
The government made sure that the new rules does not apply to our politicians by them indemnifying themselves.

Brilliant

So thats enough of that to show the Australian people why this tax system has to change as it is obviously  not adequate to service our irresponsible government debt and its not actually sustainable .

My last point on tax avoidance with the old system

A lot of foreign and multinational companies that operate here in Australia 

 do not pay any Australian tax at all
Because of this problem our personal tax is much higher than is necessary to make up the shortfall

There are lots of loopholes that allow these companies to avoid taxes in Australia 

So i will explain one method to you briefly so you all get the picture.

Company A operates a factory in an Australian 

 paradise
They have a parent
company offshore

Its near the end of the financial year and they are on track to make a million dollars in profits this year

Not bad
Good taxes for us

A week before the end of financial year they ring their parent company with a special order of sweet stuff that they so desperately need

The parent company sends the package containing the rare sweet stuff and a bill for a million dollars
The Australian factory is excited when the special package arrives

They are in the smoko room when the boss makes a coffee
He opens the special package and takes two teaspoons of of the precious contents and puts it into his coffee cup and stirs it in
That special package of sugar actually cost a million dollars

Now how much tax in Australia does that company pay?

Its a  big expensive problem

But not any more

As the new debits tax hits them as soon as the funds are transferred and now that practice is basically stopped dead in its tracks and our country’s deficit is greatly reduced.

The tax system was set up for the rich but now with the current system the middle class are going to to be the next poor

Its really quite stupid because we are the richest nation in the world but our combined governments have all made us nearly all poor and homeless

Cheers xxx
Curlyg