'Living up here is not easy': Scrapping of remote-area tax concessions ruled out

Remote, Outback, Tax, Concessions, Productivity Commission, Federal Government, Fbt, Housing, Mining

'Living up here is not easy': Scrapping of remote-area tax concessions ruled out

Remote, Outback

2/27/2020

'Living up here is not easy': Scrapping of remote-area tax concessions ruled out

A proposal to abolish tax concessions for people living in remote areas has been shelved.

The Federal Government has swiftly rejected recommendations from the Productivity Commission to axe the special tax concession for people living in remote parts of Australia. Key points: The Productivity Commission has recommended abolishing the Zone Tax Offset — a payment of approximately $300 a year to compensate for the higher cost of living in remote areas The commission argued it was"poorly targeted" and that it should be limited to only"very remote areas" The Federal Government immediately dismissed the recommendation A released this week said the concessions were outdated, inequitable and poorly-designed. But Assistant Treasurer Michael Sukkar quickly ruled out any changes and moved to calm fears. "Were they to be implemented, the Productivity Commission's recommendations would result in significant disruption to existing arrangements," Minister Sukkar said in a statement. "Given the challenges faced by regional Australia, including as a result of the impacts of the recent drought, bushfires and now Coronavirus, the Government will not be acting on the Productivity Commission's recommendations. "The most important thing we can do at this time is continue to provide certainty and confidence to those living in regional areas that the Government remains fully committed to supporting the growth of our regions and their continued success into the future." The report looked at the effects of the zone tax offset, remote area allowance and remote area concessions for fringe benefits tax on people and businesses in remote areas. It recommended abolishing the Zone Tax Offset (ZTO), a benefit of around $300 a year to help compensate for the higher cost of living in remote areas. The move would save the Federal Government about $150 million a year. The commission argued that the concession was"poorly targeted" with almost half the claimants living in large cities such as Townsville, Cairns, Darwin and Mackay. If it were to be kept, it recommended limiting it to only"very remote areas". It also wanted the government to review the Regional Area Allowance, a supplementary payment for income support recipients. But it was the proposed changes to Fringe Benefits Tax remote area concessions which generated the most angst in remote areas like the Pilbara in Western Australia. The Commission said the government was forgoing up to $390 million in tax revenue a year because employer-provided housing was exempt from Fringe Benefits Tax, and this should be reduced to only a 50 per cent concession. Read more: ABC News

Why you are feeling the pinch: Cost of living soarsHealthcare and education, insurance and childcare. These are just some of the mandatory cost-of-living expenses that have rocketed way above our wage and salary growth over the past two decades Well, what do you expect from an incompetent government? They haven’t a clue about good policy. They frame policy to reward vested interests. Time to ban all donations from all organisations , limit individual donations, timely disclosure. We are a third world country now with relentless population growth. Our youth are illiterate. We have replaced manufacturing with tourism, hospitality and other low productivity servile pseudo-industries. Do the maths. when you have a series of governments whose sole mandate is to be re elected so they can keep their snouts in the trough, short term outlook, the libs are all about themselves and the top 1%,you sell off everything you can and put that money into the private (1/4)

Why you are feeling the pinch: Cost of living soarsHealthcare and education, insurance and childcare. These are just some of the mandatory cost-of-living expenses that have rocketed way above our wage and salary growth over the past two decades. When did child care become compulsory? I mean who is forced into having kids? You can’t afford em, don’t have em. It’s pretty simple. Just imagine what it's like for people living on Newstart. You can send your kids to state schools, where they'll learn how to become Joe Hockey's 'leaners', and access some childcare, but forget about insurance, because what do you own to insure? Thank the gods for Medicare!

James Bond is a ‘wounded animal’ in No Time To DieThe director of the upcoming Bond movie reveals the secret agent isn’t in a great place at the beginning of No Time To Die, writes WenleiMa WenleiMa Wasn't he wounded in the beginning of Skyfall? WenleiMa James Bond should have PTSD by now. WenleiMa DEY HEEUH

Meet Puggly, the orphaned echidna given a second chance at lifeAn orphaned echidna is going from strength to strength at the Alice Springs Desert Park after being found at a remote community, 200 kilometres south of the town.

'Guarded by the locals': Bison patrol murdered Aussie's memorialExclusive: The remote highway memorial where Australian Lucas Fowler and his American girlfriend Chynna Deese were murdered is now blanketed with snow, in the grip of a bitter sub-zero Canadian winter. 9News FYI, its always like this, at this time of the year. Its not Climate Change, this is very normal! Australian? American? You mean European Australian. And European American. 🤷‍♂️ it snows up there what do you expect 🤷‍♂️

Why did Equinor withdraw and what's next for the Great Australian Bight?Equinor's decision to scrap its proposed drilling in the Great Australian Bight comes as a shock to supporters and critics alike. Nothing, it's dead in the water 🤣 Sad news, the indigenous unemployment rate will remain well above the national average in Ceduna as a result of this. The greens are happy with this? Lands of milk and honey. Existed while planet was without drill holes, deflating its Highly pressurized oil and gas capillary linked honeycomb cells. Middle East was first die back. Bees are ecosystem canaries. 🐄-🍯= 🕳️ UCSUSA euronews Antarctica Reuters RT_com NITV



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