super profits

Is the GST unconstitutional?

Submitted by grputland on Mon, 31/12/2012 - 1:11pm

Any State government that wants to broaden the GST should first consider whether the drafting of the GST legislation breaches s.55 of the Constitution, and whether the GST collection mechanism breaches s.82.

Geography: 
ACT
New South Wales
Australia
Northern Territory
Queensland
South Australia
Tasmania
Victoria
Western Australia
Keywords: 
indirect tax
super profits
GST
capital gains

How much profit is too much?

Submitted by Noel Conway on Wed, 07/12/2011 - 10:54pm

The four major banks have refused to follow the lead of the Reserve bank and reduce their interest rates charged on borrowings.

Last financial year these four banks amassed a whopping 24 billion dollars in super profits. They are four of the most profitable banks int her world, protected by the government from failure. Their largesse is a crime.

Geography: 
Australia
Keywords: 
Australia
banks
corporations
super profits