The tax on fuel has gone up by 60%

Andrew

Your right. However a tax on a tax is abhorrent, and I think that was the point Mike was trying to make.

Regards

Kim

Andrew,
The tax was 9 cents a litre, now it is 15 cents per litre. How is that not an increase?

Mike.

Yes that’s correct it just inflation, but the real gripe is GST on fuel is a tax on a tax (excise)

Yes andrew but i think you misread what Mike was saying, the gst has gone from 10 cents to 16.5 cents which is a 65% increase in the amount of gst we pay on fuel.

Gee, sounds like some people need a good red or two tonight.....lol

I see nothing wrong with this extra 7c IF it is used for something that benefits the community...it's not as if the money is going to the Christmas party in Canberra.

Really, is 7c/L going to be the end of the world, or is the $1.65 the real issue? We may not like it, may not want it, however is anything going to change in the short-term?

Just being a realist here, that's all.

Andrew

Gidday Jim

By Cripes, you and I are going to have a long conversation, after I convince you to build a few much needed products for the 4WD fellas. I'll come and see you next month and talk about a few Ideas. LOL.

It doesn't matter a rats rectum who's to blame. It's more about principle and a fair go.

Regards

Kim

Well Young Fella,

I'm always happy to tallk about a bit of business.

Even if we have to pay some VAT on it LOL.

Seriously, give me a call, I'm all ears.

Kind Regards,

Jim.

Jim, Howard govt may have put the tax on but there is no reason why Kev Krudd cant take it off.. EASILY!!

Added the tax quick enough to pre mixed drinks, quit sure he could take it off the petrol/diesel just as quick. As if he gives a stuff,Rudd doesnt have to pay for it so why would he care. Like smoking, spend millions on adds and crap to stop people smoking or young ones taking it up, why not just ban it full stop like Singapore did with chewing gum. No chance they make too much money from the smokes. Getting screwd again, wont be able to go anywhere soon will cost an absolute fortune. Feel sorry for the people who travel long distances every day to and from work, must be hitting the hip pocket big time, thank god I only do 16k a day to and from work and then take the wifes Toyota if shes not using it. Worse to come yet. Feel sorry the pensioners, what is it ?? $278 or some thing a week, got to be bloody joking, how do they expect them to survive on that. No wonder poor old buggars just die in there lounge chairs, cant afford to walk outside. Dont get me started on what you get in the hand if you come from another country now into Australia, get better conditions then us who live here and get a good deal of $$$$ when they do get here who's paying for that ?? You and me. Place is getting worse. Now they want to tax people who take there cars into Sydney that will be next for sure. Regards Steve M

Ray if he takes the excise of fuel where do you think he will get the short full of money from.

What we pay in taxes goes into our economy, if the excise was removed and it related to 25% of moneys received in revenue and that was taken away what are they going to do to replace that income.

We all lead a very good lifestyle with hospitals, social security and infrastructure.

I don't think the pollys get paid to much but we do have to many.

Unfortunately there is no band aid measure to fix the problem.

Shortfall!!! Serious!!! We have a 20 billion surplus, the biggest ever and they dont intend to spend too much of it!! But i tell you what, if China goes down because of the US economy, China may not need the stuff that comes from the huge holes we are digging in our backyard. We may just need that surplus!! Michael

Wait until China's living standards increase to that of the developed world (USA, Australia, U.K, Germany etc.) and then see what happens.

World economy is a funny thing, alot of people talk about it but most people don't understand it.

Australia is lucky because we have the worlds largest mineral deposits and gas supply but the down side is we have very little oil.

The truth is oil supplies are running out and Saudi Arabia might only have another 30 years of supply left, Saudi Arabia has nothing else to make money from once the oil has gone....why do you think they are driving prices up with restricting output and why are they spending so much money on tourism infrastructure.

It's common business practice to drive prices up if you are running out of something people need that will no longer be avaliable.

Four of the worlds largest mega oil fields are already in decline, Mexico’s Cantare, llChina’s Daquing, Russia’s Samotlor and Kuwait’s Burgan.

It has been noted Ghawar oil fields in Saudi Arabia that produce about 60 to 70% of Saudi Arabias oil output is in decline of about 8% of new crude oil a year.

Ghawar oil output supplies about 6% of the worlds oil needs.

You are spot on, its the money hungry investors. helping to push the
price of oil up, sooner or later it will level out. it wont go down much
but it will stay put for a while.

Tax on fuel may not be the main killer in people's budgets Olcoolone but it is the flow-on effect that kills. Higher fuel prices = higher transport costs = higher food prices.These are the simplest of economics.
As for the taxes on fuel, John Hewson, when he first floated the idea of a GST said that fuel could come down in price by around 14c per litre because the Federal AND STATE taxes could be removed. I don't hear anything in the media about the state taxes only the ones Kevin hasn't controlled. Also nothing about the Howhard regime and how these rises were happening under the fourth reich including the interest rates.

Taxes aren't the issue, when fuel went from $1.20 to $1.50 there was a hugh out cry about the price of living.

Now petrol is more then likely heading towards the $1.70 mark in a few months reducing tax would only provide a short term fix.

Sure the government is making 7 to 10 cents more of petrol then they were 12 months ago but in the real world would $7 to $10 a week make a big difference......might be able to buy another pack of cigs or 4 more stubby s of beer.

If the government was to slash taxes on fuel it would only be bleep up against the wall by 99% of the Australia population and we would not be any better off.

So what would you spend your extra $7 to $10 a week on?

We have gone from paying $72.00 a tank full for the average family car to $96.00 per week.

It takes money to run the Australian economy and if they cut it from the fuel what are they going to increase to get that money back.....maybe increase the GST to 11% or cut back on spending even more in hospitals and education.

The big issue with fuel prices is the raw material has gone up by 30% in the last 12 months.

Governments have to make money for us plebs to live comfortably.