Tax seems to be the domestic theme this month as members of a Senate Committee expressed shock at the Multi Nationals shifting profits off-shore and leaving the Australian tax payer to cushion their debts. Much wailing and grinding of teeth will probably be of no use as these companies armed with their battalions of lawyers and accountants will ease their way round any new tax laws. So are the “Lifters” to be charged with an increased GST? Will “brave” politicians change Pensions and Super? The Politics group might need our Investment classes to give us a bit of advice on these issues.
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