Saturday, May 23, 2009

Generation Y's assumed technological lead over earlier generations is being challenged. Both young and old alike only skim what they read online - but this is more a problem for the 'digital natives' who lack the information assessment skills of those trained to use conventional libraries. Books tell us that the first tax collectors in Australia were military men. One early collector was Captain John Piper, who as a naval officer in Sydney was responsible for overseeing the collection of customs and excise duties. His job allowed him to skim some off the top and he became one of the wealthiest men in the colony. To his credit, he did not harass tax debtors but was even known to invite them to dine at his mansion, which gave rise to the name of the suburb Point Piper. History section of the Daily Terror notes why STAFF of the Australian Taxation Office must cringe every time a treasurer delivers a budget The pay can be good but the work is taxing- Budgets beget expenses and inevitably the taxman cometh

I'll take Sydney to a brick: Golden years on hold with no silver lining Digital natives: Pathways to wisdom
As Nick Samios blogged recently, the ASX is expected to shortly launch a residential property “derivatives” market based on the RP Data-Rismark Hedonic Indices.

Have to say, I don't mind the punt, and the SMH last week reported on a new way for me to part with my "hard earned". Soon we all might be able to trade derivative contracts based on indices compiled by Rismark/RPData and to be quoted daily on the sharemarket This style of derivative has been dreamed about for a long time. Many a banker I am sure would be wishing "if only we had this a few years back" as they tearfully tear up more and more money at MIP (mortgagee in possession) auctions.
If you want to find out more about this, try contacting RP Data’s Research Director, Tim Lawless, at

• Sydney Soil Sickness ASX to launch house price risk market Filling in the blanks ; [ Rent and sales reports and tables - Housing NSW; The irony is that those who need mentoring the most rarely find mentors on their own Quarterly APM rental series March 2009]
• · Median house price series ; What was supposed to be a brief foray to our great town - Sydney- has lasted a decade. IT IS 10 years to the day this Friday since we moved to Sydney. It was my 30th birthday and I did not expect to be celebrating my 40th here, not just because of what the HR department calls negative lifestyle choices - David Penberthy - Why I love Sydney; Kerry-Anne Walsh, the Sydney Sun-Herald ’s political correspondent in Canberra for the past seven years, resigned yesterday and will leave Fairfax Sun-Herald loses its Canberra correspondent
• · The MP, known for her clash with staff at Iguanas restaurant on the NSW central coast, avoided assembled reporters waiting to interview arriving politicians Ambushed! Belinda Neal is Chaser's latest target ; Taxpayers are paying off the mortgages of politicians to the tune of tens of thousands of dollars a year Taxpayers paying off politicians' mortgages; Politicians in the UK have really done themselves over with their well-reported rorting of Westminster’s extraordinarily generous expenses system. There’s now nowhere to hide from the wrath of British voters, and nor should there be. Anger over UK MP expenses can’t be exported; Googgle On Allowances
• · · Inquiry will focus on cash made from second homes MPs' expenses: Tax officials to investigate capital gains evasion ; MPs' abuse of their expenses system is reminiscent of another practice that needs cleaning up – the use of tax havens Another attempt to beat the system
• · · · Anyone but an elected MP would be in the dock for fraud, theft or tax evasion. Yet as they emerge from their second and third homes, bought and sold Sun Falling; Lord Carey says parliament's moral authority is at 'lowest ebb' New Speaker must be seen as well as heard
• · · · · Baroness Boothroyd, the former Commons Speaker, has blamed ministers and MPs who were fixated on the “perks of the job” for the collapse in public support for Parliament Ministers cared only for perks of power, says Baroness Boothroyd ; Last time Speaker was ejected from Commons was 1695 Google on Assembly Line
• · · · · · Queen's banker Coutts caught up in row over tax avoidance scheme Nearly 300 Coutts customers forced to repay £400m in tax after ruling by HM Revenue & Customs Coutts; A CLAMPDOWN on the use of tax havens by multinationals, one of President Barack Obama's campaign promises, will yield the US more than $US200 billion ($268 billion) in extra revenue over the next 10 years, Mr Obama said as he unveiled his plans for the new laws. Obama tax haven crackdown could affect Westfield