Monday, 2 December 2013

Palmer

His maiden speech to the Australian Parliament.



Company Tax: He suggested paying company tax at the end of financial year. Provisional tax is calculated based on the previous year and this allows the government to have a constant stream of income instead of getting most of the government income at the end of the year. I do not support his view on this issue.

Education: Education is important. We all know that. He was not specific on how to fund the education program.

Debt Ceiling: I agree, there is not a problem in Australian Government debt ceiling. As long as the government debt is repayable in a short term future, that is not a problem in any sense of the word.

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