Unexpected Shareholders

by Simon 25. May 2009 05:05

So it seems that none of us workers are really not that bad off. The unions have raised concerns that its members are going to be badly affected by the governments Share scheme tax;

Assistant Treasurer Chris Bowen said yesterday the Government had listened to concerns that the income cap for access to the $1000 tax exemption was too low.

Unions warned shares were often part of a remuneration package for workers and if they were penalised under the system then there would be a call for greater wages – at a time when the Federal Government has called for wage restraint.

"Given the community concerns with the proposed changes and the possible unintended adverse impacts on employee share scheme arrangements for ordinary employees, the Government will be fast-tracking the consultation process," Mr Bowen said.

Bowen of course meant to say "Opps... we didn't realise that so many of our voters were so well off, damn those bastered bosses and their incentive schemes. How dare they share the wealth... Thats our job!!".

Like it or not.. this government has a strong word association with the term "Unintended", and its just getting stronger with every new policy.

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