Litenbror
Eats Squid
If only we actually tracked these subsidies so we knew just how much they were screwing out of tax payersHold on, aren't we talking about the same group of people?!
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If only we actually tracked these subsidies so we knew just how much they were screwing out of tax payersHold on, aren't we talking about the same group of people?!
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Funnily enough there's this section in the budget papers...If only we actually tracked these subsidies so we knew just how much they were screwing out of tax payers
I didn't think they listed which companies got which subsidies in the budget? That is usually through tax returns which are almost impossible to get hold of and interpret. To my knowledge but probably off the mark.Funnily enough there's this section in the budget papers...
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FIFY...Terrifying for those women, knowing that he wont get any prison time.
So much better when with a bit of background laughterI think we have worked with some of these, if not it might be you on the list
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No, but they list which tax subsidies cost how much. You can then compare it to the companys' annual reports to make some educated guesses.I didn't think they listed which companies got which subsidies in the budget? That is usually through tax returns which are almost impossible to get hold of and interpret. To my knowledge but probably off the mark.
I guess I'm sceptical of Treasury and their costings and modelling, they always seem a little optimistic. Growth, GDP etc for forecasting the budget rarely stand up to even the most basic scrutiny.No, but they list which tax subsidies cost how much. You can then compare it to the companys' annual reports to make some educated guesses.
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Forecasting is bloody hard! Ultimately the best you can do is use the best tools and data you have available.I guess I'm sceptical of Treasury and their costings and modelling, they always seem a little optimistic. Growth, GDP etc for forecasting the budget rarely stand up to even the most basic scrutiny.
Edit: I recognise reporting and forecasting are completely different parts of the Budget and you are completely correct on the reporting side. Just got a bit carried away, nothing like bashing the Treasury!
Yeah Treasury today seems to be more worried about hitting political targets than getting it right.Forecasting is bloody hard! Ultimately the best you can do is use the best tools and data you have available.
Treasury systematically under estimated the impact of the mining boom all through the 2010s because they simply couldn't believe the level of year on year growth.
In saying that, the Treasury of today isn't the same quality as the 90s powerhouse.
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I didn't get it until you posted this, and then it still took me a bit. lolIt took me a moment. The penny finally dropped.
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