EU in trouble. Germany France can't afford to bail out everyone so Italy better get some quick reforms through. USA could very well have a double dip recession.
Not the best time to be introducing a new tax and don't repeat labor lines that we need certainty of a carbon tax for our economy. Cause at the moment our economy needs to be taxed less and given more confidence. Something Labor have/will never understand or do.
As the old saying goes if America sneezes then everyone else catches a cold. Thankfully the US jobs data overnight showed some positive news.
Anyway Abbott and the Libs are in favour of higher taxes themselves as they want to additionally tax every household via their "direct action" tax. Remember also Abbott at the last election wanted to tax business with a levy to pay for his paid maternity leave plan. Not to mention the previous Government was a increasingly high taxing government just as interest rates were higher then than now.
Commonwealth Government Taxation RevenueSource:
ABSI actually agree tiger101 that taxes could be less but unless those in the mortgage belts are willing to give up all the middle class welfare they are receiving then they can't complain about taxes as the money has to come from somewhere. They can't have it both ways.
As for the retail sector - it hurts them that online shopping especially with a high Aussie dollar means Aussies no longer have to just accept goods in local retail stores costing far more than they do overseas. The habits of consumers and the times they are a changin'!
What you mean in fat cat business people need "to be taxed less and given more confidence."
Yep like crybabies Reinhart and Forrest trying to make out them having a combined personal wealth of $16 billion somehow makes the average Aussie better off
. Gina's made most of her $10b under the current Government's reign and Forbes claims she'll eventually end up with $100b
.
http://www.telegraph.co.uk/news/worldnews/australiaandthepacific/australia/8600419/Australian-woman-predicted-to-become-worlds-richest-person.html