Shameless AI corruption of a National post. Why do we have to put up with successive governments undoing each other’s work instead of moving the country forward?
Very few voters actually want “more government” or “less government” as an outcome. Can’t someone off us solutions instead?
Someone posted their wishlist for tax changes. Here’s mine. Just for shits n giggles.
Tax Corporations as People. Both are just legal entities. Tax income - revenue - at, say, 1.5%. If you’re making 5% gross now, at 28% corp tax (I think?) that’d be only a fraction higher than the current $ value in tax take. Only much simpler to implement and much harder to dodge. We don’t care if you’re profitable or not - that’s a business problem not an IRD problem. Wanna take boozy lunches and a flash company car as expenses? Feel free. It won’t reduce your tax, just your profit.
Deemed income. Everyone declares their (significant) assets and beneficial interests (trusts!) on the annual tax return. You are deemed to have earned income of 5% of your assets. Your tax is calculated on either (1) your regular income or (2) your deemed income - whichever is higher. Yes, family home included. If your home is worth $2m and you’re earning >$100k this won’t make a difference. If you’re sitting on a dozen rentals worth $10m and paying yourself a nominal $50k to dodge tax, yeah that one’s gonna hurt.
And just to keep it all tidy, deemed income also applies to corporates. Corporate tax based on 1.5% of gross revenue or 0.075% of asset book value - whichever is higher. Better make those assets pay for themselves.
Thoughts?
Went to prefab the other week, and had a great meal. Went back on Saturday to find - they’re closed. And apparently closed both Sat and Sun every week. Would love to know what the reason is - not worth it? To be kind to staff? Other? If anyone knows the owners, would be interested to find out.
To be clear, not throwing shade - just curious :)
Getting panels installed with Sigenstor system. Wondering what best to go for in terms of 7kW EVSE. Evnex seems highly rated, but is there any advantage to using the Sigenergy one, has anyone done the comparison?
I'd be quite into using the Sig system with Home Assistant and also have Shelly devices on order so I can control stuff, and I believe the Evnex does not support an API to manage it remotely by the user ... would/should that be a deal-breaker? Or is it good enough as-is to not bother messing about with?