I'd be interested if putting a 'super tax' on only mining and resources profits would be seen as exactly what it is - a clever way to avoid breaking section 114 of the consitution.
Society/Culture Clive Palmer
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I'd be interested if putting a 'super tax' on only mining and resources profits would be seen as exactly what it is - a clever way to avoid breaking section 114 of the consitution.
- Sep 19, 2007
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If the 'super profits tax' works it will probably eventually be expanded to cover all taxable corporations with them being able to claim back some R&D costs ect
I loved studying constitutional law and reading all the illogical trains of thought the HCA used to allow the Commonwealth to do (largely) whatever it wanted. The Uniform Tax Cases were particularly hilarious.
Poor old Clive wouldn't have a chance.
Tyler Durden V Clive Palmer.
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No just greater means.
Like him or not, is the act of him fighting to limit his/his businesses tax exposure really that unreasonable?
Simply fighting for personal vested interest.
In fact I would blame easily corruptible politicians and the suckers among the public, before blaming someone like Palmer.
On other issues, like Twiggy and his attack on/attempts to circumvent native title and Rhineheart and her direct interference in the media I am less sympathetic. Both massively abuse their power and influence but to a great degree political corruption and cowardice or public apathy allows it.
Moo
Premium Platinum
The point being debated here appears to be that the rich have less right to complain.
If you want to mount a High Court challenge - knock yourself out ...why should someone be limited on how they can expend their cash?
If we are going to start limiting High Court challenges - does that include the Malaysian solution?
I have no doubt that the likes of Twiggy and Palmer honestly believe these decisions are to the detriment of the nation.
http://www.news.com.au/national/min...ll-coal-industry/story-e6frfkw9-1226305462536
BILLIONAIRE Clive Palmer has made bizarre claims the CIA is backing green groups in a bid to kill the Australian coal mining industry.
And he appeared to suggest that US President Barack Obama was directly briefed on the sabotage.
Mr Palmer called a Brisbane press conference to declare that "an off-shore political power'' and the humanitarian organisation the Rockefeller Foundation were behind the attacks on mining.
He said the objective was to make American coal more competitive.
Mr Palmer said no outside country was funding his operations.
"The big difference is that this is funded by the CIA. That's the big difference,'' Mr Palmer told reporters.
Oh dear !
And he appeared to suggest that US President Barack Obama was directly briefed on the sabotage.
Mr Palmer called a Brisbane press conference to declare that "an off-shore political power'' and the humanitarian organisation the Rockefeller Foundation were behind the attacks on mining.
He said the objective was to make American coal more competitive.
Mr Palmer said no outside country was funding his operations.
"The big difference is that this is funded by the CIA. That's the big difference,'' Mr Palmer told reporters.
Oh dear !
Evidence please, Mr Palmer.
Would you like your tin foil hat now Clive?
Would you like your tin foil hat now Clive?
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That seems to be raising a couple of things:
First, the assumption that the tax system has to be the same for everyone.
Great for PAYE salary and wage earners who bear the highest margins.
Would industry enjoy being taxed at the same unavoidable rates? Hide the profit, shift offshore, use writedowns and cunning accountants, avoid the tax.
The other is that a legal challenge needs to have a legal basis.
So, if you are pissed, feel that the law should scripted a certain way, and have the money, you can just take the Cth to court?
TheGreatBarryB
Hall of Famer
Yeah and how much of our finite assets did he dig out of the ground?
Anyway looks like he's finally lost his mind...
http://www.theage.com.au/queensland...lian-coal-industry-palmer-20120320-1vhi7.html
On what basis do you think they belong to you?
Who do they belong to?
Moo
Premium Platinum
Unkind (comparrison for Damir)
The states. Bazza cant claim ownership of WA resources. A nonsense bandied about by Swannie and other delusional sorts like Bob Brown
One wonders why you would type that other than being due to a proclivity to produce inane comments on a very regular basis.
So Australia's richest (or second richest or whatever) man has just claimed that the CIA and the Rockefellers are conspiring to bring down our nation's biggest export industry.
Hmmm.
Hmmm.
Has Clive asked Jessie Ventura to look into this.
O
Old Spice
Guest
Mmmm. Only a few problems.
The first being the act is being passed by consent of parliament.
The second is...what the **** are you smoking?
I want rich fatsos to pay their fair share, not their petty cash.
The debate is about Palmer not being able to complain? Or could it be that we're sick of his fat bloated carcas complaining when he's a billionaire?
Medulusa:
Are you telling us that Clive Palmer owns the land he mines?
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Read the article, opinion has now changed.
Cmon bro the CIA, really?
Cmon bro the CIA, really?
The bit refering to the consent of parliament is about the states raising armies.
O
Old Spice
Guest
And the relevance is?
That the Federal government can not raise taxes on state property?
Minerals are owned by the state.
Thus a tax on minerals could plausibly be in breach of this and this is where any legal challenge on the mining tax would be made.
The Federal government would probably win the case by arguing that the tax was on the profits made from state property and not on state property itself.
Moo
Premium Platinum
I choose to play the Voltaire card and as my joker was in play - I claim double points.
