There are now over 1200 gTLD's !!

Wow had no idea we were up to 1200 gTLD’s

I’m @NowWatching icann nyc readout now.

- https://livestream.com/internetsociety/icann60nyc?origin=event_published&mixpanel_id=136bcbdee9b6e-007947519-13134557-1fa400-136bcbdee9c115a&acc_id=25782506&medium=email


lol apparently so many gTLD's that icann now have over $230m in "excess fees" they are now trying to work out what to do with this surplus......lol

Death Taxes

http://www.economist.com/news/leaders/21731626-case-taxing-inherited-assets-strong-hated-tax-fair-one?fsrc=scn/fb/te/bl/ed/ahatedtaxbutafaironeinheritancetax

Shame that the article doesn’t actually propose any real answers.


I'm not anti-death tax, especially because it doesn’t apply (in the USA at least until $5.5m+......that said....i am anti-death tax because its a tax on income already taxed AND because its 40% which is an outrageous figure.


If someone was trying to save a family farm or business or estate etc and it was worth $20m then they would have to come up with 40% of $15m......that a pretty big burden to carry-even for an inherited asset.

#TooBigToFail

Watched #TooBigToFail last night and this morning found this awesome graphic.....we really are screwed.
 :)

The value of Australian housing is $7.4t

So much interesting content in this slide deck.

1/ Australian Super is now worth more than the entire AU-listed stocks

2/ That althought there is $1.7t in residential mortgages there is $5.7t in equity.

3/ I was also surprised that only $300b in sales happened last year (eg 1/20....i thought it would have be higher as a percentage of value).

Bottle seawater for sale as hydrogen?

What are peoples thoughts on this? is it really financially viable to split sea water and then ship it via sea tanker overseas

- http://www.smh.com.au/business/energy/csiro-launch-program-to-make-australia-hydrogen-fuel-leader-20171107-gzgxfh.html

35 countries where my taxes "pervert democracy"

Someone told me recently...."remember we are the good guys"


hmmm I'm not so sure any more some days - eg here are 35 countries where my USA taxes "pervert democracy"
https://www.alternet.org/world/35-countries-where-us-has-supported-fascists-druglords-and-terrorists


.....yet somehow we are the ones flagellating ourselves over "Russian Facebook Advertisements" all while ignoring our own influences around the world.

Whats wrong with the NBN........

I've been putting off watching this video for the last week.......5 mins in....blood pressure rising - grrrrrrrr


- https://www.youtube.com/watch?v=1QLXhfKjV6U
 

PPOR Mortgage changes......

Interesting to see that fewer than 3% of home mortgages in the USA are more than $500,000, according to data from CoreLogic.

Very surprised by this figure as basically 80% of apartments in NY would have to be above this....I knew it was lower in the midwest/south but not that much lower....


https://www.nytimes.com/2017/11/02/business/economy/tax-housing.html?partner=rss&emc=rss (and yes this will affect us eg $450k X 3.5% x 35% or around $6kpa)

Baby Animals

Friday music for you that you might not have come across before.

Check out Baby Animals - http://amzn.to/2ymimUl

Old school, lead female rock guitarist band that should have gotten way more airplay globally than they managed. (though back then very different times).

Suze Demarchi dominates the entire album and I recommend this to everyone once they've heard of Cold Chisel, the Angels, Screaming Jets etc etc and looking for something along similar lines from Australia.

Rock the House! Play it loud.

Even though was released in 1991 still sounds fresh and viable as anything you'll hear today.

Australian expat property investors....taxation without representation?

Some of us aussies are getting together Wednesday night to discuss recent govt changes to expats who own property in Australia.


With the recent budget hikes for our rental income and capital gains returns its getting ridiculous to continue owning Aussie property eg we now pay 41c minimum tax (instead of say 20c in USA equities) and last years tax changes on PPOR may be the final straw for many of us working here temporarily in New York.

Its a free seminar from the guys at SMATS so hopefully we can get some insights as to is it going to get worse before it gets better....and should we be investing our savings where they are appreciated.....

Register here - http://www.aussieproperty.com/Events/Property-Update-Seminar/New-York-11Th-Annual-Market-Update-Seminar-2017/32a440e8-36a8-1423-1542-c7c089329145/720370b1-7599-4856-a918-98e697e52f9e



In 2012 the Capital Gains Tax Rules were changed in Australia to remove the 50% tax discount for owners living out of Australia. This signalled a change of intent from appreciating foreign investment to seeing an opportunity to increase Government revenue.

Since then, there has been an escalation in the costs of Australian property ownership with dramatic increases in land tax and the introduction of buyers fees, additional stamp duty and the new vacancy tax. All of this at a time when lending for offshore investors continues to be problematic.

The latest proposal is now to remove the tax free c...oncession for expatriate's principal residence if their former home is sold when living out of Australia. Where do these changes end and what can we do to try an halt the aggressive attack on foreign investors in Australian property market?

With media fuelling the fire and foreigners an easy blame target for lifting prices, there is little sympathy in Australia to the plight of overseas owners, so any change will need to come from our own efforts.

Join us for this seminar to find out:

• All the recent changes in ownership and acquisition costs for foreign investors and expatriates;
• Strategies to protect yourself against rising costs;
• If it is time to consider selling your property;
• The current position of Australian property markets and the outlook for 2018;
• How international markets may track in the coming year;
• If the recent uplift in the Australian dollar is sustainable; and
• Current lending options and costings.
Free Admission