GST and food for small business

Texas · Veteran Member

GST on Food

03_Troopy · Guru

Don't you know how much of a cake attracts GST? well neither did John Hewson ... biggrin

GST and food for small business

brickies · Guru

Depends on the amount of processing , Fully cooked 10 % uncooked no GST , So the fact that McCains beer Battered are not fully cooked no GST.

Dougwe · Chief one feather

I am pretty sure luxury items like your flavoured crackers, pies, and beer battered chips have GST applied. Things like plain frozen chips have no other item like the batter added so no GST. Although I did think frozen chips had GST confuse

As for the cake, again, I am pretty sure a cake mix has no GST but if you bought a cake made up it will have GST applied. Same as in a bakery, bread, no GST but other items like scrolls etc and some fancy breads will have GST.

Confused? Why should you guys be different to me biggrin

-- Edited by Dougwe on Thursday 9th of April 2015 05:31:18 PM

spida · Guru

I know there is no GST on things like buns - until you add jam - hotdog....etc.

deverall11 · Guru

Once again, the village idiot and his kronies are taking the easy road. Get the big corporations to pay their due taxes and there is the missing income. On ABC 7.30, it was reported this missing tax is in the order of $60 BILLION of untaxed revenue. Get that and leave GST alone.
Larry

NeilandRaine · Guru

deverall11 wrote:
Once again, the village idiot and his kronies are taking the easy road. Get the big corporations to pay their due taxes and there is the missing income. On ABC 7.30, it was reported this missing tax is in the order of $60 BILLION of untaxed revenue. Get that and leave GST alone.
Larry

Why not do both, follow New Zealands lead. Raise the GST and chase the corporate dollar.

NZ dollar is all but parity with Australia for the first time ever and the KIWI's are happy

Santa · Guru

Australians have been living beyond their means for years, we expect everything and don't want to pay for it.

Raising the GST to 12.5% and applying it to everything other than health care would go a long way toward solving our financial problems. wink

rockylizard · Guru

Santa wrote:
~~~~SNIP Raising the GST to 12.5% and applying it to everything other than health care would go a long way toward solving our financial problems.

Gday...

Smiley 02.jpg

Yep - sure would solve MY financial problems. cry

Cheers - John

KFT · Guru

deverall11 wrote:
Once again, the village idiot and his kronies are taking the easy road. Get the big corporations to pay their due taxes and there is the missing income. On ABC 7.30, it was reported this missing tax is in the order of $60 BILLION of untaxed revenue. Get that and leave GST alone.
Larry

I wholeheartedly agree

get all of them paying a fair share and we would have no issues(well not as many as we have now)

done dreaming · Senior Member

Wouldn't be easier if we got rid of all taxes and introduced a transaction tax every time a transaction occurred on a bank account.That way people or businesses that spent the most would pay the most and this would ensure we get tax from overseas online transactions and multinationals transferring money to low tax countries but then the 'new world order' would probably disagree.

sandsmere · Guru

Make the multinationals pay the same tax as everybody

else , as deverall ( and Dick Smith ) says, the problem would be solved.

Fat Joe won't do that though, they're his mates. furious

KFT · Guru

done dreaming wrote:
Wouldn't be easier if we got rid of all taxes and introduced a transaction tax every time a transaction occurred on a bank account.That way people or businesses that spent the most would pay the most and this would ensure we get tax from overseas online transactions and multinationals transferring money to low tax countries but then the 'new world order' would probably disagree.

The Henry tax review a few years ago suggested that this style of tax would see Australia rolling in money and as the only tax would negate the need for tax returns. One has to wonder why a government would not implement it as it is so simple.

I believe some other countries do use this method but I do not know who.

just think about it, if everyone paid a 1% tax on every transaction the working classes would pay much less than presently and all overseas owned corporations would also be paying a fair share.

aussie_paul · Guru

KFT wrote:
done dreaming wrote:
Wouldn't be easier if we got rid of all taxes and introduced a transaction tax every time a transaction occurred on a bank account.That way people or businesses that spent the most would pay the most and this would ensure we get tax from overseas online transactions and multinationals transferring money to low tax countries but then the 'new world order' would probably disagree.
The Henry tax review a few years ago suggested that this style of tax would see Australia rolling in money and as the only tax would negate the need for tax returns. One has to wonder why a government would not implement it as it is so simple.
I believe some other countries do use this method but I do not know who.
just think about it, if everyone paid a 1% tax on every transaction the working classes would pay much less than presently and all overseas owned corporations would also be paying a fair share.

Cash economy would be KING. BUT something fairer NEEDS to be done very very soon me thinks!!!

Aussie Paul. smile