The Motley Fool Discussion Boards

Previous Page

International Investing / Australia (All-Ordinaries)


Subject:  Dumb Democrats? Date:  4/28/2000  10:26 PM
Author:  demiller1 Number:  1387 of 6186

Is it the dumb democrats, lazy labourites or is Costello just plain crafty?

So we have the democrats bleating that food is to be GST Free.... well 'golly gosh' 'gee whizz' Meg Lees has done a fine job ... or has she?

Let is look at a simple addition to Div 38 ss 251 (?) (g)(a). An additional little improvement by the powers that be! Unprocessed milk is subject to a GST! Yep unprocessed milk is subject to a GST and so too is wheat, rice .... I could go on but the effect is such that the cost of bread, milk and other products will rise as the cost have gone up! Pity they couldnt follow the end product all the way back origin and stop trying to pull the wool over our eyes.

Ohh and water! Sheesh anything supplied in containers under 100 litres is ... you guessed it is subject to GST. Wow what a little nerve pocket ending for the farmers, miners and sports people who need bottled water! The supply of water is GST free but the pipes that supply this and other services isn't so expect rises accordingly!
Copyright 1996-2022 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us