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Discussion in 'ZB Holden Commodore (2018)' started by wetwork65, Jan 9, 2019.

  1. vs-lover

    vs-lover Active Member

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    so getting a tax concessions on a vehicle isn't a free ride on tax payers ?

    This is where I'm going to make an even broader statement and say if you run a business you should pay for ALL IT'S EXPENSES, there should be no such thing as a refund from the ATO for running a business. It's rapidly becoming a User Pay system all over the country so why aren't businesses being treated the same. If you don't want the expenses then don't run one I've always said.

    Now I've just got to duck all the bullets coming my direction.
     
  2. VS 5.0

    VS 5.0 Well-Known Member

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    "Tax concessions on a vehicle" are related to the costs of running such vehicle in generating the income of the business. No different to any other business costs such as stock, rent, wages, power etc etc.

    I'm not sure that you understand how it actually works.

    Businesses do pay ALL OF THEIR EXPENSES. They don't get a refund from the ATO for the expenses that they have incurred.

    A quick and dirty P&L below to try & explain:

    Income $100

    Expenses $ 50

    Net Profit $ 50

    Tax assessed on Net Profit of $50 at the applicable tax rate. If it is the company tax rate of 30%, tax = $15. As such, Net Profit After Tax = $35. So the business has paid all of its expenses and tax.

    No different to you claiming deductions on your tax return and paying tax on the net position. If you are PAYG, which I expect you are given your apparent hatred for businesses (which is amusing coz without businesses you wouldn't have a job or products to purchase), YOU will likely get a refund from the ATO with the right value of deductions. Oh the irony.

    The only lurk with vehicles and tax that I have an issue with is the discounted FBT regime for cars that have no real business use whatsoever.
     
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  3. Sabbath'

    Sabbath' Redblock Jesus

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    Can you tell me more about this system where i dont have to pay for my business expenses? Your accountant must know some pretty cool tricks.
     
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  4. Calaber

    Calaber Nil Bastardo Carborundum

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    Unfortunately, a good comprehension of taxation laws still seems to elude some of us.
     
  5. vs-lover

    vs-lover Active Member

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    I totally understand how it actually works, whether I feel its a true and correct system ? well that's another thing. I know we all have to pay tax as that's how the government gets its cash to waste frivolously, but I've always felt a set figure across the board of pay as its spent and no deductions would be far more fair and equitable system with no need for bean counters at the end of June each year.

    It's just my take on this crap system as we have it atm and I'm not trying to start up a political thread here, but I'm sure they are working on a much more streamlined system to replace this antiquated one we must deal with everyday.
     
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  6. tuckerbag

    tuckerbag Member

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    Just to get back to Holden, why do ya reckon holden don’t advertise the zb? Do they want it to fail? And i just saw for the 1st time an ad for an Arcadia? The ad didn’t mention anything at all about the car. Just something about arriving. Seems weird
     
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  7. vs-lover

    vs-lover Active Member

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    They ran an Acadia campaign for a number of weeks, but that's another destined to fail. Mark my words GM won't be here in this country for much longer. I think most people have had enough of their failed products of the past and thus no confidence in their future stuff.
     
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  8. figjam

    figjam Donating Member

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    Is it because the advert gurus hired to do the TV and paper publicity don't have a clue ?
    Or is it because people like Harry Scrubby object to any car advert which shows the vehicle going 'fast', or being portrayed as being 'powafull'.
    VW Amorok and Ford Raptor ads were banned. An old Commodore ad was banned because the car was travelling at a fast 60kmh on an open road with a kid in the back. Don't forget the 'bloody caravanners' Colorado ad. Every current ad seems to spruik how the car will stop automatically if a inattentive pedestrian steps in front of it, or how it can park itself.
    No wonder we get dumbed down, or no adverts. Maybe it is just not worth the time and expense.
     
  9. immortality

    immortality Moderator Staff Member

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    That is because the system is designed to help the rich get richer and to keep the rest of the population poor.

    My theory, if you can't beat em, join em ;)
     
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  10. vc commodore

    vc commodore Well-Known Member

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    This is the current thought, but if they smarten up a bit, they won't.....Just think of the Japanese cars that came here in the 70's and 80's.....The general publics views of them as I won't touch them with a barge pole.....Now, the general public love them....It also applies with Korean cars.....ie Kia and Hyundai (2nd thoughs, they mightn't be from Korea)....Their first appearance they were a dismal fail....Now, look where they are

    If GM take a leaf out of these companies books, they will become a major player again
     
  11. Pablito

    Pablito Active Member

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    The first ZB ad at the start of last year was all arty and vague with a stupid catch phrase. Only seeing a ZB right at the end of it.
    I don't know why they couldn't be like nearly all other car makers and just show people driving the car somewhere to a catchy tune........and show the interior and gadgets etc. Instead they tried to be fancy and arty.

    Then we got the ad's on the wagon being a car for 'adventurers' who go off road and on adventures on the weekend......... pretty sure those kinds of people are buying Hilux, Ranger and Colorado.
     
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  12. immortality

    immortality Moderator Staff Member

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    Yep, you are correct here, however these brands improved with each generation/model. The ZB has a finite life span and I don't see Holden/GM doing much to upgrade it during it's remaining life cycle.
     
  13. vs-lover

    vs-lover Active Member

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    Absolutely Spot on !!!!!!!!!!!!.......................I was afraid to say it in your exact words but you have saved me the grief and gone and done it.

    Again a huge big thank you for getting my point across.
     
  14. vs-lover

    vs-lover Active Member

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    They tried, remember Daewoo another up and coming Korean company.............then GM got involved and we all know how that's turned out.

    The common denominator here is .......wait for it......GM, They simply don't have a clue and never seem to learn from their mistakes and we all know what to call people who keep on making the same mistakes over and over again don't we ?
     
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  15. Sabbath'

    Sabbath' Redblock Jesus

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    That statement would be more true if low income earners' lifestyle wasnt subsidized my middle and high income earners. I mean, how evil is the system when you can NOT work, yet still get as much money as somebody working a full week of work?

    So all along, your point was delusion and petty jealousy?
     
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  16. Calaber

    Calaber Nil Bastardo Carborundum

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    Taxation is and has been a subject elsewhere in the Pub in the past and was always a contentious issue.
    Back to Holden. I believe the recent action by GM in closing US and Canadian plants says a lot. It is obvious that China is seen as the next big market for GM and this, together with the domestic market, will be the areas they concentrate their efforts over the years to come. They have ditched Europe, a far larger market than ours and the performance of Holden is now so bad, in a small market, that I can see them abandoning this country altogether if their fortunes don't improve.
     
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  17. wetwork65

    wetwork65 A wet business

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    Not sure how their fortunes will improve by their current efforts. Given that the product they have are all (strongly) potential orphans and they do not want to understand who their market is.
    Their current marketing is clearly aimed at people who are not much interested in details of cars.
    As said before, they need a likeable and relatable female to be the face of Holden, same as Toyota and Ford have done.
     
  18. immortality

    immortality Moderator Staff Member

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    Yep, the system certainly isn't perfect. I don't mind people getting a helping hand but it does bother me when some Remuera solo mother with 5 kids is getting paid by the government to live in a million dollar home..... TBH, I don't know much about the welfare system in Australia but here in NZ it certainly favours certain flavours. The part of the system that really bothers me isn't the people who can't work (for genuine reasons) but more the people who can't be bothered to work!

    What I do know however is working for a wage will never get you ahead, you are much better off running your own business(s) where you can structure your tax affairs for maximum benefit to yourself.

    I watched my old man do everything the government told him to do, he had a good job, paid a good wage, paid his mortgage and saved for retirement and even had private health insurance. Then he got laid off and in his hour of need where was the government? No where. I'm not making that mistake.
     
    Last edited: Jan 13, 2019
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  19. losh1971

    losh1971 Well-Known Member

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    In Tas a couple with 5 kids would be on a over $1000 a week to do absolutely nothing but provide a home to live in and meals on the table. Rent would be $250 a week in a Housing Tas property provided by the Gov. Scripts for $6.50 instead of $36.50 for someone who works, cheaper rego, power, and 1/2 price bus fares. In Tas we have the lowest average wage. We have more people on the minimum wage $760 a week for full-time workers, than any other state per capita. Yet people on the dole and pensions are often better off. Yet we get those on welfare cry poor and say things like "how can the Gov expect us to live on what they give us"? Yet full-time employees don't get a partial dole simply because they work 38hrs per week and do not qualify based on hours not amount of wages.
     
  20. immortality

    immortality Moderator Staff Member

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    You'd love NZ then, welfare isn't that nice unless you're a solo mother and know how to work the system. The system also benefits low income earners with lots of kids...
     

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