10 Oct 2013

Conservative Government in Australia

Australian Politics
Article supplied by B.B :Edited by S.W.T.READ

Conservative Government
You have two cows.
You sell one and buy a bull.
Your herd multiplies, and the economy grows.
You minimise tax ..legally.
You sell them and retire on the income.

You have two cows.
You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows.
The milk rights of the six cows are transferred via an intermediary to a Cayman Island Company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company.
The annual report says the company owns eight cows, with an option on one more.

You ensure that the those with the most cows don't pay tax.
You ensure that those who have the least cows pay the most tax.
You ensure that anyone who drinks milk pays tax, unless you own many cows.
You ensure that everyone pays their way except those who can afford to.

My thanks to my friend who sent me this, I had to edit it a bit, all I can say is thanks B B.
" YOU MADE MY DAY" buddy.

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