I found this video about Japan Airlines CEO today and i cannot help but to share it with everybody because it's so "outrageous".
Today we heard about potential mass sacking of banks workers and other corporations but we never heard about their executives pay cuts. Isn't it infuriating?
This video was from last week's news and it's an interview with Japan Airlines CEO who takes a pay cut down to USD 90,000 last year.
Most of middle managers here make a lot more than that.
He cuts most of his benefits, rides bus to office and eats at the office cafetaria with the rest of his employees. Check out his "massive" office, you wouldn't believe that this man is the head of a huge airline corporation.
Imagine if most of our CEOs took the same step... too much daydreaming?
You were honest and disclosed your information. Did it say anywhere on the application that Bankruptcy excluded you from applying? I don't know if it would preclude you from acceptance but you never can tell.
I sympathise with you and am curious t...
I have done a debt 9 agreement ,
I am about to accept a job offer with comminsure which is CBA,they about to do a probity check have disclosed to them that i have done the debt 9 agreement.I am worried whether they will declined the offer to me i ...
As far as I can see there is only one entity YOU so the losses and gains are ALL aplieed to you. Unless I am wrong you are filling in personal tax returns for the business income and losses so as far as the ATO is concerned it is all You
I am not...
Thanks Bandwidth,
The business is a micro-business and unregistered, so income defaults to me personally. The share trading likewise so I am personally carrying a small business income and ongoing capital losses personally to add the share tradin...
Hello Greg
Sorry to hear of your bad run and I hopre you can find a way to settle your affairs in a way that allows you to carry your losses in a way the allows you to write them off.
It is a complex matter nad depends on how any income was pres...
Hello Greg
There are some good examples on the ATO. I don't know if there are any that meet your needs but worth a look.
The structure of your business will change the way losses can be carried
Thanks Bandwidth,
I have been through some tough times so have done all my tax myself - I've had the time and a good understanding is all I've needed. It has been simple so far but just need advice as to which boxes to fill. Could not justify a t...
I am not an accountant and I suggest you talk to a good one, here is my view
All the income and loss from share trading is in the name of the entity doing the trading
If the business income is a wage you are paying yourself then the losses can b...
I am carring significant capital losses and since Dec 08 have been actively share trading to recoup, since my business has also been reduced to part-time due to the downturn so I had the time. As a active share trader I have made some trades that ...
OK, so I may have been wrong - not for the first time ;)
After reading the link jacquesk supplied and talking to a financial planner I'm ready to admit that I was wrong. It appears that if there's no estate then the lender can't chase rellies.
S...
I was asked this question by an elderly client on an aged pension where I work. He is in a rental house, has no assets and the bank sent him free credit increases. You know " sign here for a credit limit increase" etc. So he did and now has a larg...
Australian remains a cash-based society but the use of plastic and debit cards is growing as consumers seek more convenient payment methods, the RBA says.
The banking industry says all home lenders should sign up to the federal government's initiative to support borrowers who have lost their job and are struggling with mortgage repayments.
The extension of time for the enhanced first home grants puts more borrowers at risk of default, as the spectre of double-digit unemployment looms, an academic says.