People in glass houses...

29 March 2016
| By Outsider |
image
image
expand image

Outsider once lived and worked in Canberra and so he knows the sort of denizens who inhabit the national capital and roam the corridors of the bureaucracy and Parliament.

Thus, he nodded sagely when he read the following comment from H&R Block's director of communications, Mark Chapman about those suggesting we should all be denied the ability to claim work-related tax deductions.

"One of the proposals which has been widely floated is the abolition (or substantial reform) of our current system of work-related deductions. The perception appears to have taken hold - fed by some over-enthusiastic tax policy wonks and ex-ATO staff - that work-related deductions are essentially one big rort on the tax system".

So tell us what you really think, Mark.

Outsider agrees. Indeed, he has frequently considered the cheek of those Commonwealth public servants in Treasury and Finance, some of them still enjoying the benefits of the generous public service defined benefits scheme, who argue that the tax concessions directed towards superannuation are both unsustainable and unfair.

Policy wonks beware! Outsider and Mark have your number.

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

1 week 5 days ago

Interesting. Would be good to know the details of the StrategyOne deal....

2 weeks 2 days ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

1 month ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

2 weeks 1 day ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

2 weeks ago

The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients....

1 week 5 days ago

TOP PERFORMING FUNDS