Tag Archives: andrew wilkie

Loss-Making Tax “A Complete And Utter Fiasco”

24 Nov

The gummint has passed its Minerals Resource Rent Tax (MRRT) through the Lower house.

But only after “negotiating” deals with the Greens and Independents that … incredibly … actually render this great big new tax a net loss-maker for the government bottomline.

More on that in a moment.

But first, we bring you the brilliance of Barnaby Joyce’s well-justified mockery:

SABRA LANE: This was supposed to be the so-called “sunshine parliament” but a deal done last night to secure the Green’s support in the Lower House to pass the mining tax has the Opposition claiming dirty deals and the Green’s leader Bob Brown sounding sorry.

BOB BROWN: I apologise to people in the media and in the public who want to know about this but that’s the nature of the arrangement we have with the Government. And it will be, the details will be forthcoming and the Government’s got good reasons for not wanting to reveal it.

SABRA LANE: The Greens are still reserving their rights in the Senate, prompting the leader of the Nationals in the Senate, Barnaby Joyce, to go on the attack this morning.

BARNABY JOYCE: Every time we see the Labor Party do a deal, this tune starts going through my head and goes something like this: Da da dada da da dada… because we’ve got – it’s Monty Python.

It’s Monty Python. It’s Monty Python, it’s The Life of Brian.

We’ve got Bob Brown, Bob Brown who is like leader of the Judean front. “What have the Romans done for us?” What has the mining industry done for us? What have the – oh aqueducts, kept us out of recession, supported our standard of living.

You know, “What have the Romans done for us?” We’ve got Terry Jones, you know, Terry Jones is obviously Tony Windsor. “It’s not the Messiah, it’s just a naughty boy.” You know, he’s out the front there.

They’re not the Messiah, they’re just naughty boys.

SPEAKER OF THE HOUSE: Senator Joyce. Senator Joyce, could I just remind you to refer to senators and members by their correct titles.

BARNABY JOYCE: Okay and of course, you know, we’ve got Mr Rob Oakeshott, the Member for Lyne, who reminds me of Eric Idle. He’s always looking on the bright side of life, no matter what’s happening.

Graham Chapman, well that’s obviously Andrew Wilkie. And Michael Palin is Mr Adam Bandt.

But see the problem is it’s just a fiasco. We have no idea who’s running the show. It’s a complete and utter fiasco. In fact as we speak I look at a quote from Senator Bob Brown: “We’re very disappointed when the Government reached an agreement with Andrew Wilkie.”

Well we can’t have someone usurping his position as being the nuttiest person in the palace. No, that’s all his position.

Barnaby is right.

It’s a complete and utter fiasco.

Here’s what Alan Kohler (ABCTV News Finance) had to say about the MRRT, in Business Spectator (reproduced in full, emphasis added … and h/t Twitter follower @John_Poelwyk):

Mourning Gillard’s mining disaster

Australia’s effort to levy extra taxes on mining companies has been an unmitigated debacle, capped by the passage early this morning of the Minerals Resource Rent Tax with a further last-minute compromise.

It is one of the great lose-lose outcomes. We can only hope the Senate knocks it back.

To get the vote of Andrew Wilkie, the Member for Denison, a seat about as far from mining as it’s possible to get, the government increased the profit threshold at which the tax kicks in, from $50 million to $75 million.

This is now a deficit tax – it will cost more in concessions to get it passed than it will raise in new revenue. That gap widened by about $100 million last night with the Wilkie amendment.

There are two big problems with the MRRT: state mining royalties can be offset against it and an increase in superannuation has been shackled to it.

A resources rent tax was proposed in the Henry Tax Review of 2009 as part of a package of measures designed to deal with the pressure the resources boom was putting on non-mining industries.

The idea was to replace ad valorem mineral royalties on mine production volumes with a rent tax on profits because governments weren’t sharing in the big increase in commodity prices that increased the terms of trade and therefore the currency.

There was, and is, a fundamental disconnect between the terms of trade boom that was killing manufacturing and tourism and the tax revenue governments were getting from it because royalties are levied on volume not price.

The Henry proposal involved a 40 per cent extra resources rent tax and a reduction in company tax to 25 per cent, plus a series of depreciation and capital allowance benefits for manufacturers and other small businesses.

The last time there was a sustained terms of trade boom in Australia, in the late 19th and early 20th centuries as a result of gold, wheat and wool exports, the policy response involved regulating wages through the Harvester Judgement and then imposing a tariff on imports to protect manufacturing. This so-called Australian Settlement had the effect of insulating manufacturing from the terms of trade and its effect on the currency but led to a gradual, disastrous decline in competitiveness.

It’s worth pointing out that the United States had the same terms of trade problem 100 years ago but chose not to protect manufacturing, with the result that it became the great manufacturing powerhouse, only eventually destroyed in the 21st century by China’s currency manipulation.

In the 1970s and 1980s Australia removed tariff protection and centralised wage fixing, so that the new terms of trade boom – ironically resulting from China’s defeat of America’s manufacturing supremacy – leaves Australian manufacturing entirely exposed to its effects.

Former Treasury Secretary Ken Henry had been banging on about the two-speed economy problem for years, and the Future Tax System review that he chaired contained his solution: a resources rent tax to be spent on reducing company tax. Without wage regulation and tariffs there is no other way to protect manufacturing from the effects of the mining boom.

But the Labor government has managed to completely mess it up.

First the Resources Super Profits Tax was plucked out of the Tax Review by Wayne Swan and Kevin Rudd and dumped on the miners by surprise. They revolted and won.

Then Julia Gillard negotiated a lower tax on iron ore and coal with BHP, Rio Tinto and Xstrata so that only the smaller companies with smaller advertising budgets would complain. As part of that, she was forced to allow existing mineral royalties to be deducted from the tax, which totally negated the idea of replacing ad valorem royalties from a tax on profits.

And then, to make the whole exercise completely pointless, she tied it to an increase in the superannuation guarantee levy from 9 per cent to 12 per cent.

That increases manufacturing costs instead of reducing them, and vastly increases the cost of the exercise to the federal budget.

According to Brian Toohey in this morning’s Financial Review, the cost to the budget of the extra superannuation tax deductions will be $4.2 billion in 2019-20. The total cost of the concessions connected to the MRRT will be $9.4 billion in that year – less than a third of which is paid for by the revenue to be collected from the MRRT.

In the 2012-13 financial year, in which the budget is supposed to return to surplus, the net cost of the MRRT package – revenue minus giveaways – is $1.7 billion.

It is, in short, a joke. Everybody loses. It was an idea designed to help Australia deal with the terms of trade boom that has been bastardised by politics into a complicated impost on mining that achieves nothing at all and in fact worsens the position of everyone involved.

Business as usual then, for the Green-Labor-Independent comedy show.


Why not.

This show really has gotten so bad that if you don’t laugh you’ll …. ?

Barnaby: Who Is Running The Show?

21 Nov

Media Release – Senator Barnaby Joyce, 21 November 2011:

Well I have just watched my nation’s Parliament at work. Not in the Cabinet or the Chamber but in the Senate Courtyard rolling press conferences.

The result of the Mining Resource Rent Tax vote was that it was off  because of some stumbling Windsor position on CSG when in reality, as he always does, he was going to rollover for Labor so as expected he had a chat then he changed his mind and it was back on, then Oakeshott said that he was sort of where Windsor was with something random about the Henry Tax Review, then Wilkie said it was on but different and then Bob Brown said it was off if Wilkie’s different position was on.

Yes we can run a country like this, this is totally politically sane. After another two years of this chaos the best we will be able to say about our government is that it is very entertaining.

Very similar to: What is your surgeon like? Well there are a fair few of them and they argue a lot about what they are going to cut off but they are very, very entertaining.

Labor Screws Tassie, But WiIl Greenies Care?

7 Sep

Media release – Senator Barnaby Joyce, 7 September 2011:

Regional Tasmania gets nothing

Funding for projects across Australia has been announced today from the Regional Development Australia Fund and regional Tasmania gets – nothing.

A big cheerio and congratulations to the regional Labor party members in Tasmania who got – nothing, out of the first round of funding.

You should consider becoming an Independent because Tony Windsor got $8 million which is more than the whole of Tasmania got. In fact, Tony Windsor’s seat alone got about 25% more than the whole of Tasmania got.

If you want to get something in Tasmania you should be like the member for the seat of Dennison who took a seat off you.

In fact he got $6.63 million off you because you got – nothing. Yes, to be a Labor party member in regional Tasmania means that you deserve nothing. You are just jolly good people who can be taken for granted.

My advice to you is to be like Tony Windsor and go independent and you get that opportunity at the vote for the carbon tax.

You can thank your party for giving you nothing by voting against the carbon tax which virtually no one in your seats wants.

More information – Matthew Canavan 0458 709433

Barnaby On Fire

7 Sep

Is Barnaby going to the Lower House … via Tony Windsor’s seat?

The msm love to think so:

Queensland Nationals senator Barnaby Joyce has given another hint he’s contemplating running for the federal seat of New England in NSW, currently held by independent MP Tony Windsor.

Senator Joyce on Tuesday described Mr Windsor as “the most able lieutenant of the Labor Party”.

New England was a conservative seat and its voters expected a conservative representative, Senator Joyce said.

“At times they believed that Mr Windsor was going to be more conservative than the conservatives, (but) where he ended up was more left than the left,” the opposition’s regional development spokesman told reporters in Canberra.

“That’s something that’s just not going to fly in New England.

“It’s the same as if someone in the Port of Melbourne decided they were in the National Party – it’d be a very brief experience.”

When asked if he was still considering running for Mr Windsor’s seat at the next election Senator Joyce replied: “I’m not thinking about running in the Port of Melbourne.”

Read into that what you will … the msm certainly are.

For mine, yet another hilarious Joyceism is the real highlight of this story:

The outspoken Queenslander also weighed into the debate over the Labor leadership on Tuesday, saying the government didn’t seem to have its mind on the game.

“Who they stick out the front as their figurehead is really irrelevant. It’s the mangled carving on the front of a sinking boat. Who cares?”

Want more?

Here’s Barnaby on 2GB radio telling it like it is. As usual.


Barnaby And The Gambling Addicted Sadomasochist Sex Worker

4 Aug

Senator Joyce writes (brilliantly) for the Canberra Times:

While in a capital city on one of my 200 or so days a year on the road, I had a meal by myself, always good company, then took a walk through one of our nation’s “premier” gambling venues.

I beelined for the establishment certain to be this town’s answer for Daniel Craig or a central character in Australia’s version of Ocean’s Eleven. I think somewhere during the conversation with the gambling-addicted, adult sex worker I came to a dull, pulsating, flashing-light, bell-ringing realisation that the pizazz was not quite there.

Instead, overwhelming sadness is what I felt as she informed me that most of the regulars were as addicted to gambling as she was.

She had blown about $20,000 in the last year and bounded in an out of relationships; the latest one giving her the greatest of encouragement and support to expand her professional development in sadomasochism. Meanwhile, the lucrative payments she received could support the opulent establishment currently graced with my presence.

She told me they had a loyalty scheme! You put your card into the card slot, punch in some numbers and if you lose buckets of money you get to go to the special room where you will not be disturbed as you lose even more. Tragically, she has not been losing enough lately, not that she has not been trying, just that she has not been getting the breaks in her acting career to allow her the spare funds.

I asked her what I could do to help her better enjoy her pastime and she said it had destroyed her life and the best thing I could do would be to shut all the gaming machines down. Absurd I know. It was obvious to me that it was all part of a wonderful experience, that she used to do tricks for and she assures me others still do. She was just a little tired and needed a good night’s sleep.

I asked her, with all that ‘‘loyalty’’ information collected from her, whether anyone from the establishment had ever suggested that maybe she had spent too much on something where the probability of you hitting the big one is slightly less than being hit by lightning. She said ‘‘no, never’’, obviously having too much fun and no one wanted to disturb her.

She said that the machines are kind of addictive; the lights, the bells, the rolling pictures. She said that you get in a zone and will stay ’till all your money is gone, but once she left with $3000! Maybe this was my chance to be Daniel Craig. It was just so glamorous with all those poor bastards glued to the screens into the dim hours of the morning surrounded by mortgage belt misery. Fortunes were going to be made if they could just get the computer chip in the machine to allow five funny pictures to line up.

I won’t reveal exactly which establishment I frequented but I will say it wasn’t in Western Australia. There pokies are only allowed in one casino, Burswood, a bit like the situation that existed in Queensland and Victoria before state Labor governments needed quick cash for a budget fix and rolled pokies out in pubs and clubs in the early 1990s.

There are almost 100,000 pokies in NSW. There are just over 1700 in Western Australia. Some argue that if pokies were banned addicts would just shift to other forms of gambling, Dapto dish-lickers, trots, Keno, Sportsbet, Centrebet, two-up or two flies walking up a wall.

How did one survive before coin- a-copia? But the average Western Australian spends only $670 a year on gambling, compared to $1200 in Victoria and $1300 in NSW. The amount spent on pokies in WA is about the same as what is spent in the ACT.

There is something insidious about poker machines.

If Mr Wilkie is good for his word then very soon we are going to have an interesting time in Parliament House. It is time to learn more about the noble art of sticking money into a rather large box via a slot.

Humans are weak. We all are, just some swim deeper from the hooks than others in the stream of temptations.

But is it right to exploit the weak and create excuses for the fishermen of misery? Or maybe they are on a hook themselves?

I Remember … Today Is Independents’ Day

4 Jul

Today is the Fourth of July.

That’s Independence Day for our American cousins.

The day that they celebrate their Declaration of Independence from the rule of tyranny.

Today, in Australia our Parliament is being taken over by a new rule of tyranny.

Green tyranny.

And who’s to blame?

The Independents.

The W.O.W.sers.

Spoiling every thing. For every one.

The Unholy Trinity.

Wilkie. Oakeshott. Windsor.

Eighteen months ago, we beat the Rudd CPRS scheme for the first time.

By swamping Canberra with our telephone calls, letters, and emails.

We demanded that the Opposition … oppose.

And they did.

Today, there’s no need to contact every Coalition politician.

There’s only three (3) men* in the country who need to hear your voice.

Wilkie. Oakeshott. Windsor.

Declare your independence from the Green-Labor-“Independent” tyranny … today.

Call them.

Tell them what you think of the proposed carbon “X” scheme.

And demand a new election.

Here’s their phone numbers again:

Parliament House Offices –

Wilkie – (02) 6277 4766
Oakeshott – (02) 6277 4052
Windsor – (02) 6277 4722

Electorate Offices –

Wilkie – (03) 6234 5255
Oakeshott – (02) 6584 2911
Windsor – (02) 6761 3080

Now you have no excuse.

Pick up the phone.

Do it.

Do it now.

Let’s give them an Independents’ Day that they will never, ever forget.

And remember.

You are an Independent.

And Every Day is Independents’ Day.

* If you wish to contact others too, right click and “Save as” on this link for a pdf file of the full list of MP’s contact details. Or visit the Parliament House website.

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