dbabicwa said...

INfiniDIE said...

Craigus said...

Nah, the moral of the story is: all Customs Officers are pricks!

Excuse me, I happen to work alongside ACS Officers and most are very nice people, some are pricks, some are absolute douchewads, but not all.

He wanted to say: all Government Officers are pricks! :0) Everywhere on the Earth....

I'm a Government Officer douchebag.

lostinlondon said...
50% increases in profits, not 50% profits.

Ok so you think the banks aren't making bazillions of our backs huh??

Here's Commonwealths latest figures for 2010 a excerpt taken from the shareholders financial.

Quote from www.commbank.com.au/about-us/investors/results.html

The Commonwealth Bank of Australia's (The Group's) statutory net profit after tax for the year ended 30 June 2010 was $5,664 million, which represents a 20 percent increase on the prior year. Cash net profit after tax for the year was $6,101 million, an increase of 42 percent.

Cash Return on Equity for the year ended 30 June 2010 was a healthy 18.7 percent, up 370 basis points due to increasing profitability and effective capital management...........etc etc

So sad isn't it, they are so hard done by aren't they only 5.7 billion, half a trillion!!and if you watched the news tonight you were lucky enough to get a glimpse at the households of the main banks CEO's pads, they are so hard done by they only get to live in $15 million dollar homes.

Hmmmm ..............

I'm in China ATM.... a massive dinner for 8 ppl costs about 50 Ausie dollars...including beers.
Houses(nice new ones) cost about $50,000Aussie equivallent in most mid sized cities.
A car will cost the same as Australian ones....
Day to day living costs about 60-100 Rmb ...about 17.00AUD
If you cant afford to buy a house, you can rent one for 500 to 700 RMB(120AUD) per month...yes per month!

anything you want in consumables you can get here at 10% of what you can in any other wstern country.

And there is no personal income tax.

The CEO's of the big 4 banks may earn $10mill a year, but I bet they don't get time to go kiting after work. You decide who is "rich".

Gstar said...

BrisKites said...
.... As an importer or retailer the GST is paid no matter what the amount of the invoice. Even if it goes through customs without GST charged it is still paid during GST reporting.....

That's the problem right there (if correct.) The Gov' gets GST from the retailer/importer on the imported goods and gets GST AGAIN when the goods are sold to a customer. What a rort.

We're so lucky the internet gives so much choice, so go for yours.

oh god... why did I venture back on to this URL; a thread on the red bull rotto race isn't even easily found.

ATO said...
http://www.ato.gov.au/businesses/content.asp?doc=/content/13286.htm&page=2&H2
GST credits for business

How do GST credits work?

Generally, you must pay GST to us for taxable sales of goods and services you make as part of your business. This is calculated as one-eleventh of the sale price.

If you are entitled to claim a GST credit, you can claim back the GST you pay in the price of purchases you use in your business. You can also offset these GST credits against the amount of GST you are liable to pay to us.

If your GST credits are greater than the amount of GST you are liable to pay us, you will be entitled to a refund.

Last Modified: Friday, 20 August 2010