The man with no policies just sheer desperation Kevin Rudd steals yet another LNP policy and idea and thinks its his
What a FRAUD RUDD is
But is seems that ABBOTTS plan and the LNP white paper was good enough for him to STEAL
Kevin Rudd tries to trump Tony Abbott’s Northern Development plan:
Rudd has announced a plan for the future of northern Australia, including lower company tax for Nort...
Speaking in Darwin, he unveils plans for a special economic zone in the Northern Territory.
Businesses in the Territory would pay one-third of the corporate tax rate of the rest of Australia and investment rules would be relaxed to encourage new developments.
[Actually, Rudd clarifies: the tax cut is one third off - not one third of.]
Rudd says the enormous agricultural capacity of northern Australia needs to be harnessed to create jobs and export food to the rest of the world.
In North Queensland, re-elected Labor would develop strategic growth plans for attracting Chinese visitors to Cairns and enhancing ports and transport in Townsville.
Rudd offers a much more specific and bigger tax cut, but only for the Northern Territory (to avoid falling foul of the Constitution). I doubt Western Australia will feel good about this advantage given to the NT for the development dollar. This seems half-baked.
I think this shows how worried Labor is about losing Lingiari, held by Warren Snowdon on a 3.7 per cent margin.
UPDATE
The plan would also expand the Ord River Irrigation Scheme to open up 14,000 hectares of land in the...
The major project would drive $150 million worth of agricultural production in the region.
“This would unleash an enormous amount of agricultural land for the future and, economists tell us, $150 million worth of agricultural production,” Rudd says.
UPDATE
At least Labor has changed its tune from three years ago, when it stacked a committee looking into northern development so it would recommend against the irrigatio...now being touted by Rudd:
Taskforce member Stuart Blanch explained: “Northern Australia can never be a food bowl for South-East Asia or anywhere else because we just don’t have enough water.”
UPDATE
You’d have to vote for Rudd twice to get the tax cut:
The lower company tax rate he’s announced would not take hold in NT until 2018, which puts it beyond the forward estimates and therefore has no immediate drain on the federal budget.
The company tax rate is 30 per cent at present, so Rudd’s cut would bring it down to 20 per cent for NT-based businesses.
UPDATE
Making it up as they go along:
Mr Rudd said that the company tax cut had not yet been costed. The Prime Minister told reporters that his preference was to see a tax rate in the NT of about a third off the current rate of 30 per cent, but he said that this would be discussed with the NT government after the election.
