Atlas Chartered Accountants

Homeowners won't be voting for the Govt and First Homeowners aren't buying homes because they don't want to buy something that may loose its value

Not what homeowners want to hear 👀😮

So its minimal change, they just added more complicated steps, most family trust have similar distributions per year anyway, bucket companies are back, the real winners? Accountants and Lawyers who will charge their clients to navigate this

Chalmers’ trust changes preserve the bucket company Trusts can avoid the 30 per cent minimum tax and continue to split income to bucket companies and low-tax-rate individuals. But there’s less flexibility.

GFC happened when the govt forced banks to lower lending standards, our govt has forced banks to lower their lending standards, people who wouldn't get approved for loans can now borrow up to 95%...

The longer Australia bounces up and down on its castle of debt, the more likely it is that a seam will burst, writes former RBA official John Simon.

Read the opinion: https://ebx.sh/PmqU9p

Taxpayers are having their income taxed between 18% to 47% THEN they get hammered by cost of living expenses

Australians are working harder just to generate below-average economic growth. And as Chanticleer writes, there is little sign of the only real way out of this trap: productivity-boosting reform.

Read the column: https://ebx.sh/vZ04i6

-> https://www.news.com.au/finance/economy/australian-economy/fking-enough-hugely-popular-salon-owner-erupts-at-the-government-says-shes-close-to-packing-it-in/news-story/44b04cdecddfbd3abc9ada5ac980eaaf

The amount of tax we pay, why are they in massive govt debt???

Suspected as much, this is why no one touched trust tax law, it’s so complicated with so many loopholes not even the experts know the subsequent issues that may arise

The Albanese government has released draft legislation for its tax on discretionary trusts, with an exemption for those adopting a fixed structure.

Read more: https://bit.ly/3TboZVF

None of his money is taxable now, ZERO, Australia got greedy, now they get nothing.

In a series of fiery social media posts, Adrian Portelli said his home country was 'genuinely finished'.