Seigneur de Droit: Investment advice with Chris Bowen

Hi Chris, I’m a young Australian who doesn’t earn a massive salary but has been saving hard and would really like to buy a home. People like me used to buy a place and rent it out, using our hard earned salary to pay the excess of loan repayments over net rental income, until eventually we could afford to move in. Someone told me that Labor is going to make that much harder, so battlers like me may not be able to get a home that way.

What should I do?

Chris says: win the lottery. Labor’s policies won’t hurt you at all if you’re already rich and have lots of investments.

Hi Chris, I’m a middle aged Australian who likes to be self reliant so I operate a self managed super fund. I understand that under Labor’s policies if my SMSF invests in Australian companies, supporting jobs for young Australians, the company pays tax at 30%, and my SMSF gets only $70 for every $100 of profit that the company makes, but if my SMSF buys a rental property it pays only 15% tax so gets to keep $85 out of every $100 net rent.

I don’t like shutting young Aussies out of the housing market, but I can’t afford to lose so much of my retirement savings. What should I do?

Chris says: don’t worry about those little f***ers, what are they going to do about it?

Hi Chris, I’m an older Australian who likes to be self reliant so I operate a self managed super fund which is now in pension mode. I understand that under Labor’s policies if my SMSF invests in Australian companies, supporting jobs for young Australians, the company pays tax at 30%, and my SMSF gets only $70 for every $100 of profit that the company makes, but if I buy Singapore shares there’s only $15 Singapore tax so my SMSF gets to keep $85. That can’t be right can it? Labor pushing people like me to support Singapore jobs rather than Aussie jobs?

Chris says: what do you care? You’re retired already.

Hi Chris, I’m the tax manager for an Australian company. For years we’ve paid tax and fully franked our dividends and our shareholders have been fine with that. But I understand that under Labor a lot of our shareholders are going to be better off (and none will be worse off) if we minimise the tax and pay dividends with no franking credits rather than if we keep paying tax and franking the dividends.

Chris says: if you start any artificial tax schemes…

No, nothing artificial, all 100% real. I meant offshoring thousands of jobs to an ultra low tax jurisdiction, bringing back the profits tax free and paying them as unfranked dividends.

Chris says:… I’ll get back to you.

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8 Responses to Seigneur de Droit: Investment advice with Chris Bowen

  1. stackja

    Chris hopes enough gullible voters will elect ALP regardless.

  2. Perth Trader

    Chris Bowen who told the ABC of a new ‘boat people’ processing facility on Timor before the Timor Govt knew. Or swapping 1000 men , women and children who arrived by boat with 4000 from Malaysia. The mans a fool.

  3. Perth Trader

    Chris Bowen and Rudds FBT reforms in 2013 had a big negative impact . How the man still has a job puzzles me.

  4. Ƶĩppʯ (ȊꞪꞨV)

    Chris says: All your money are belong to us!

  5. md

    But ‘young Australian’, no matter what your housing and financial situation, you will find that your streets and public transport are unsafe, your food is less safe, your roads are more congested and are less safe, you pay too much for electricity and its supply is becoming less reliable, your schools are over-crowded, your children are being brainwashed at school, your children are more likely to be bullied at school, because children aren’t taught life and job skills and that actions have consequences delinquency and anti-social behaviour are rife, the justice system sometimes works against your interests, you can be persecuted for your political beliefs, welfare as a lifestyle choice has created a burgeoning underclass that is prone to crime, violence and anti-social behaviour, you have no right to defend yourself and in fact you are likely to be persecuted for doing so, your rulers are progressively transferring legislative power to supra-national bodies, your sense of community has been lost, the quality of medical and dental care is declining and your hospitals are overcrowded, your rulers have an agenda to progressively lock up access to more and more land and waters, your rulers are looking after themselves and their mates and there’s nothing you can do about it, your authoritarian rulers are becoming more and more belligerent towards private transport, when you do get your home you are paying more and more in council rates for things that are not essential services and there’s nothing you can do to rein this in, people with money can do any sort of dodgy development they like in your area because they can buy off councils or intimidate them with lawfare, you have no power at all to force government to represent your interests … and so on, and so on.
    I think you have bigger things to worry about, young Australian.

  6. The BigBlueCat

    Ƶĩppʯ (ȊꞪꞨV)
    #2923215, posted on February 1, 2019 at 6:16 pm
    Chris says: All your money are belong to us!

    Indeed, that is Chris Bowen’s attitude. He might even let you keep some if you’re nice and vote ALP. then again, pigs might fly!

    It’s not enough that they want to effectively tax lower income individuals at the company tax rate, but they pretend to offer investment advice. They propose to reward the big investor, who can offset his tax liability with franking credits, while at the battler end, too bad you don’t have enough tax liability – we’ll keep the rest.

    Politicians of all stripes have viewed our investments (especially superannuation) as a source of funds. Governments are supposed to protect our assets, not plunder them!!!

    At least the LNP say they want to maintain the status quo on franking credit refunds – but those thieving ALP politicians seem to think we should be like every other country because “equality”. How does the ATO keeping the franking credit release money into the actual economy and stimulate the economy through jobs, investment and growth? The government certainly doesn’t add any value – never can, never will.

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