BRN Discussion Ongoing

[gex]

Jim Chalmers is doing more than changing the way we tax super – he is also changing the way we tax capital gains

In drawing up plans to more effectively tax large superannuation accounts, Treasurer Jim Chalmers might have stumbled upon an idea that, applied more broadly, could tax rich Australians like the rest of us, writes Peter Martin.

www.abc.net.au

The Henry Review said collecting tax only on "realisation" (when assets were sold) rather than "accrual" (as they grew in value) encouraged investors to hold on to shares and property to delay paying tax — a response it called "lock-in".

This is pretty sucky for us, as this article is saying we could have to pay capital gains tax, on the increase in "value" of shares and property..

It will certainly be a bit of a leveler..

So if BrainChip has a breakout year, due to traction in revenue, NASDAQ listing, multiple IP deals etc, for that tax year.

Then you will have to pay Capital Gains tax, for that year, regardless of whether you sold shares.

In our case, these gains could be substantial and the only way to pay, will be by selling shares or other assets.

The tax man sucks eggs..

WTAF

 

[BaconLover]

Jim Chalmers is doing more than changing the way we tax super – he is also changing the way we tax capital gains

In drawing up plans to more effectively tax large superannuation accounts, Treasurer Jim Chalmers might have stumbled upon an idea that, applied more broadly, could tax rich Australians like the rest of us, writes Peter Martin.

www.abc.net.au

The Henry Review said collecting tax only on "realisation" (when assets were sold) rather than "accrual" (as they grew in value) encouraged investors to hold on to shares and property to delay paying tax — a response it called "lock-in".

This is pretty sucky for us, as this article is saying we could have to pay capital gains tax, on the increase in "value" of shares and property..

It will certainly be a bit of a leveler..

So if BrainChip has a breakout year, due to traction in revenue, NASDAQ listing, multiple IP deals etc, for that tax year.

Then you will have to pay Capital Gains tax, for that year, regardless of whether you sold shares.

In our case, these gains could be substantial and the only way to pay, will be by selling shares or other assets.

The tax man sucks eggs..

Luckily for us, we have the option to work more hours, for less money.

They did not have any of these agendas prior to election either.

Quite a nice way of thanking the voters

 

[Boab]

Jim Chalmers is doing more than changing the way we tax super – he is also changing the way we tax capital gains

In drawing up plans to more effectively tax large superannuation accounts, Treasurer Jim Chalmers might have stumbled upon an idea that, applied more broadly, could tax rich Australians like the rest of us, writes Peter Martin.

www.abc.net.au

The Henry Review said collecting tax only on "realisation" (when assets were sold) rather than "accrual" (as they grew in value) encouraged investors to hold on to shares and property to delay paying tax — a response it called "lock-in".

This is pretty sucky for us, as this article is saying we could have to pay capital gains tax, on the increase in "value" of shares and property..

It will certainly be a bit of a leveler..

So if BrainChip has a breakout year, due to traction in revenue, NASDAQ listing, multiple IP deals etc, for that tax year.

Then you will have to pay Capital Gains tax, for that year, regardless of whether you sold shares.

In our case, these gains could be substantial and the only way to pay, will be by selling shares or other assets.

The tax man sucks eggs..

That is just insane

 

[DingoBorat]

Jim Chalmers is doing more than changing the way we tax super – he is also changing the way we tax capital gains

In drawing up plans to more effectively tax large superannuation accounts, Treasurer Jim Chalmers might have stumbled upon an idea that, applied more broadly, could tax rich Australians like the rest of us, writes Peter Martin.

www.abc.net.au

The Henry Review said collecting tax only on "realisation" (when assets were sold) rather than "accrual" (as they grew in value) encouraged investors to hold on to shares and property to delay paying tax — a response it called "lock-in".

This is pretty sucky for us, as this article is saying we could have to pay capital gains tax, on the increase in "value" of shares and property..

It will certainly be a bit of a leveler..

So if BrainChip has a breakout year, due to traction in revenue, NASDAQ listing, multiple IP deals etc, for that tax year.

Then you will have to pay Capital Gains tax, for that year, regardless of whether you sold shares.

In our case, these gains could be substantial and the only way to pay, will be by selling shares or other assets.

The tax man sucks eggs..

For illustration purposes, what "could" be introduced at some point..

If you had 400000 BRN shares at 50 cents (200k) at the beginning of the tax year and they finished that tax year at $2 (800k)..

Then you would have a Capital Gain of $600000.

At a tax rate of 20% you would be up for $120000 tax, on top of whatever other tax you pay.

This will have huge implications for those wanting to create generational wealth..

If a share you invested in was a 10 bagger or more?..

 

[HopalongPetrovski]

Jim Chalmers is doing more than changing the way we tax super – he is also changing the way we tax capital gains

In drawing up plans to more effectively tax large superannuation accounts, Treasurer Jim Chalmers might have stumbled upon an idea that, applied more broadly, could tax rich Australians like the rest of us, writes Peter Martin.

www.abc.net.au

The Henry Review said collecting tax only on "realisation" (when assets were sold) rather than "accrual" (as they grew in value) encouraged investors to hold on to shares and property to delay paying tax — a response it called "lock-in".

This is pretty sucky for us, as this article is saying we could have to pay capital gains tax, on the increase in "value" of shares and property..

It will certainly be a bit of a leveler..

So if BrainChip has a breakout year, due to traction in revenue, NASDAQ listing, multiple IP deals etc, for that tax year.

Then you will have to pay Capital Gains tax, for that year, regardless of whether you sold shares.

In our case, these gains could be substantial and the only way to pay, will be by selling shares or other assets.

The tax man sucks eggs..

Buying, building, manning and maintaining nuclear subs aint cheap and those Tomahawks they are gonna be throwing around are about two million a pop (torpedoes are exie too) and the Chinese navy currently has about 350 ships and rapidly rising.

 

[Bravo]

The one thing that Cerence + Smart Eye + Mercedes all have in common is NVIDIA DRIVE IX.

• Nvidia worked with Mercedes-Benz on MBUX Hyperscreen.
• And there are the vehicles running Nvidia-powered Cerence Look using eye-tracking from Smart Eye, such as the Mercedes-Benz EQS.
• #25,287
• The article (link) below states:
  • "Using NVIDIA GPU technology, Smart Eye has been able to speed up its cabin-monitoring system — which consists of 10 deep neural networks running in parallel — by more than 10x"
  • "In-vehicle technology companies Cerence, Smart Eye, Rightware and DSP Concepts are now using the platform to deliver intelligent features for every vehicle occupant."

Confused? So am I, but there's a reason why it has been suggested that NVDIA are more like a partner to us, than a competitor.

Inside AI: NVIDIA DRIVE Ecosystem Creates Pioneering In-Cabin Features With NVIDIA DRIVE IX

Cerence, Smart Eye, Rightware and DSP Concepts are now using the DRIVE IX platform to deliver intelligent features for every passenger.

blogs.nvidia.com

 

[GazDix]

Jim Chalmers is doing more than changing the way we tax super – he is also changing the way we tax capital gains

In drawing up plans to more effectively tax large superannuation accounts, Treasurer Jim Chalmers might have stumbled upon an idea that, applied more broadly, could tax rich Australians like the rest of us, writes Peter Martin.

www.abc.net.au

The Henry Review said collecting tax only on "realisation" (when assets were sold) rather than "accrual" (as they grew in value) encouraged investors to hold on to shares and property to delay paying tax — a response it called "lock-in".

This is pretty sucky for us, as this article is saying we could have to pay capital gains tax, on the increase in "value" of shares and property..

It will certainly be a bit of a leveler..

So if BrainChip has a breakout year, due to traction in revenue, NASDAQ listing, multiple IP deals etc, for that tax year.

Then you will have to pay Capital Gains tax, for that year, regardless of whether you sold shares.

In our case, these gains could be substantial and the only way to pay, will be by selling shares or other assets.

The tax man sucks eggs..

I am not sure of the source, but here is no way this can happen without breaking down the whole ASX.
Imagine the sell down of shares and speculation in June of every year?!
How can a CGT tax discount can be reversed that if you hold longer you are punished?
Create a nation of traders? How can any company get equity and operate normally?

I really don't like the govenrment at the moment with all this AUKUS bollocks going on, but this will never happen IMO. I guess though we need to find money to pay all those billions for those stupid submarines.

 

[DingoBorat]

I am not sure of the source, but here is no way this can happen without breaking down the whole ASX.
Imagine the sell down of shares and speculation in June of every year?!
How can a CGT tax discount can be reversed that if you hold longer you are punished?
Create a nation of traders? How can any company get equity and operate normally?

I really don't like the govenrment at the moment with all this AUKUS bollocks going on, but this will never happen IMO. I guess though we need to find money to pay all those billions for those stupid submarines.

I'm with you on the subs.

I think "retired" politicians, are worth listening to..

Ones that aren't retired?
Not so much..

 

[Slade]

Three days at Embedded World now over.

 

[Mugen74]

For illustration purposes, what "could" be introduced at some point..

If you had 400000 BRN shares at 50 cents (200k) at the beginning of the tax year and they finished that tax year at $2 (800k)..

Then you would have a Capital Gain of $600000.

At a tax rate of 20% you would be up for $120000 tax, on top of whatever other tax you pay.

This will have huge implications for those wanting to create generational wealth..

If a share you invested in was a 10 bagger or more?..

Hello Cayman Islands ,where have you been all my life
Got room for 1 more?

 

[HopalongPetrovski]

I am not sure of the source, but here is no way this can happen without breaking down the whole ASX.
Imagine the sell down of shares and speculation in June of every year?!
How can a CGT tax discount can be reversed that if you hold longer you are punished?
Create a nation of traders? How can any company get equity and operate normally?

I really don't like the govenrment at the moment with all this AUKUS bollocks going on, but this will never happen IMO. I guess though we need to find money to pay all those billions for those stupid submarines.

The “source” is merely a journo’s (give me 500 words on…….) conjecture.
It is a “what-if” piece designed to stir the pot, sell papers and make old codgers choke on their bacon sandwiches.

 

[robsmark]

Hi mate

Thanks for the kind message and checking in, good to know someone noticed my absence haha!

I’ve been meaning to share this news with the forum for a while but have been a little time poor.

My partner and I welcomed the arrival of our daughter, Ellie Mae, on the 17th of February.

I got back to work this week after having taken 3 weeks of parental leave.

In that time I didn’t do much posting, if any, on TSEX. I was focusing on being as present and supportive as possible for my partner. I did read through the threads and check the post of the day regularly though so don’t feel like I missed too much!

Thanks to @BienSuerte for checking in to see how we were going, it was hugely appreciated ❤

View attachment 32360 View attachment 32362

Cheers all x

She’s beautiful mate, congratulations to you both.

 

[SharesForBrekky]

Couldn't help myself..

Go to ARM interview at 1hr 29-30mins.. Seriously how can you not get excited when you watch this?

Good listen from about the 1hr29min to 1hr40min mark. This guy works for Texas Instruments.

Some of the things he talks about sounds a lot like what Akida can achieve. Not sure if there's enough detail there to suggest TI are working with Brainchip but the guy is very upbeat about the Tech World moving towards the Far Edge.

The TI guy mentions the demos on display are for industrial and food purposes.

 

[Diogenese]

The one thing that Cerence + Smart Eye + Mercedes all have in common is NVIDIA DRIVE IX.

• Nvidia worked with Mercedes-Benz on MBUX Hyperscreen.
• And there are the vehicles running Nvidia-powered Cerence Look using eye-tracking from Smart Eye, such as the Mercedes-Benz EQS.
• #25,287
• The article (link) below states:
  • "Using NVIDIA GPU technology, Smart Eye has been able to speed up its cabin-monitoring system — which consists of 10 deep neural networks running in parallel — by more than 10x"
  • "In-vehicle technology companies Cerence, Smart Eye, Rightware and DSP Concepts are now using the platform to deliver intelligent features for every vehicle occupant."

View attachment 32430


Confused? So am I, but there's a reason why it has been suggested that NVDIA are more like a partner to us, than a competitor.

Inside AI: NVIDIA DRIVE Ecosystem Creates Pioneering In-Cabin Features With NVIDIA DRIVE IX

Cerence, Smart Eye, Rightware and DSP Concepts are now using the DRIVE IX platform to deliver intelligent features for every passenger.

blogs.nvidia.com

Someone posted this yesterday:

Mercedes MB.OS
Designing our own chip-to-cloud architecture as a car manufacturer? Yes, please!
Magnus Östberg Chief Software Officer at Mercedes-Benz AG March 15, 2023

(18) Designing our own chip-to-cloud architecture as a car manufacturer? Yes, please! | LinkedIn

https://www.linkedin.com/pulse/designing-our-own-chip-to-cloud-architecture-car-yes-please-%25C3%25B6stberg/?trackingId=lHknlKuIM2DkbzI3FyHtNA%3D%3D

The link says:
...
We maintain three chip categories, including custom high-performance system-on-chip (SoC), mid-level MB.OS base layer microcontrollers, and low-spec chips supporting industry standards. This enables independent strategies at the chip level, including our custom automated driving technology, enhanced UI/UX and wireless connectivity, all the way down to standardized interconnectivity, like USB controllers.
...
Fast software is enabled by our state-of-the-art SoC microcontrollers, which target a high ratio of performance to efficiency. Through standardization of important infrastructure components we can cover more than 90% of our MB.OS architecture with chips from a small number of suppliers, with tailored strategies for each based on future application requirements and learnings from the chip crisis.

Our keys to success at scale will include direct, long-term sourcing and increased in-house development

parts of MB.OS, like our Infotainment system MBUX. However, we also collaborate with partners to employ hyperscaler solutions including Microsoft Azure and Amazon AWS, complemented by partnerships with Google GCP in western regions and Tencent in China.

…

A core feature of MB.OS is lifetime learning powered by data. As our systems become even more data driven, they will be able to learn on the road, taking advantage of our best-in-class sensor setup across the entire customer fleet. Our vehicles can collect up to 300 petabytes of data every year to further train our neural networks.

Our advanced in-vehicle machine learning algorithms automatically chooses the data that is most useful for improving our software stack, whether it is creating or updating an HD map or improving our perception algorithms. This means our next-generation automated driving system will continue to improve throughout its life in customer hands.

We are working on new driving and parking functions that can understand and manage infrastructure changes, including new traffic signals or road layouts. They will be able to adapt to diverse geographies around the world, and continually improve their performance via AI to learn safer, human-like driving behavior.

Partnering with industry leader NVIDIA to develop a revolutionary in-vehicle computing and software architecture enables advanced autonomous driving, with complete computing and AI infrastructure to support it. We’re building this full-stack platform jointly, including the operating system, middleware, and all the algorithms to enable advanced autonomy in all sorts of different scenarios.

Mercedes have 3 flavours of chips:

custom high-performance system-on-chip (SoC);
mid-level MB.OS base layer microcontrollers; and
low-spec chips supporting industry standards.

Mercedes are standardizing their component inventory:

"Through standardization of important infrastructure components we can cover more than 90% of our MB.OS architecture with chips from a small number of suppliers"

When your on a good NN, stick with it!

Mercedes are partnering with Nvidia:

"Partnering with industry leader NVIDIA to develop a revolutionary in-vehicle computing and software architecture enables advanced autonomous driving, with complete computing and AI infrastructure to support it."

Is Nvidia our friend?

Does Nvidia have a NN friend?

We are friends with Valeo.

Valeo is doing the Mercedes Level 3 LiDaR, but they are being supplanted by Luminar for the next round.

Luminar and NN? Not so squeezy.

Will Mercedes have to throw out a warehouse full of Valeo/Akida LiDaRs?

 

[DingoBorat]

Hello Cayman Islands ,where have you been all my life
Got room for 1 more?

That's what I've been thinking dude

We might have to find more liberal places to live..

If something like that were to happen though, you'ld think there would have to be an exemption date on shares and property bought before a certain date?..

 

[Fact Finder]

The one thing that Cerence + Smart Eye + Mercedes all have in common is NVIDIA DRIVE IX.

• Nvidia worked with Mercedes-Benz on MBUX Hyperscreen.
• And there are the vehicles running Nvidia-powered Cerence Look using eye-tracking from Smart Eye, such as the Mercedes-Benz EQS.
• #25,287
• The article (link) below states:
  • "Using NVIDIA GPU technology, Smart Eye has been able to speed up its cabin-monitoring system — which consists of 10 deep neural networks running in parallel — by more than 10x"
  • "In-vehicle technology companies Cerence, Smart Eye, Rightware and DSP Concepts are now using the platform to deliver intelligent features for every vehicle occupant."

View attachment 32430


Confused? So am I, but there's a reason why it has been suggested that NVDIA are more like a partner to us, than a competitor.

Inside AI: NVIDIA DRIVE Ecosystem Creates Pioneering In-Cabin Features With NVIDIA DRIVE IX

Cerence, Smart Eye, Rightware and DSP Concepts are now using the DRIVE IX platform to deliver intelligent features for every passenger.

blogs.nvidia.com

Just remember Rob Telson did not say Nvidia “are” a partner he was talking future tense.

Otherwise I don’t disagree with your many posts about Cerence, Nvidia etc;

I do think it can be simplified if as 99.9% of genuine Brainchip shareholders now believe AKIDA technology is being integrated for Spiking Neural Network processing by Mercedes Benz in partnership with Brainchip.

Logically a Mercedes Benz passenger vehicle is like a bucket of water. If I pour in red, blue, green, orange and purple dyes they will be mixed together to create one cohesive coloured liquid.

So if your take the same Mercedes Benz passenger vehicle and pour into the bucket Samsung, Nvidia, Cerence, Nviso, Valeo, Brembo, Bosch and Brainchip they are all going to be mixed together into one cohesive electronic unit.

In other words they all have to work together to achieve this and they need to become compatible one with the other and this cannot be achieved in isolation.

The only question remaining in my opinion is which of the companies in the Mercedes Benz bucket having established compatibility with Brainchip’s AKIDA technology solutions will say ‘Hey Brainee how about we catch up for a drink at my place after we finish working here and I will show you my IP library.’

Rob Telson has hinted at Nvidia rubbing his leg under the desk giving every indication of being interested in a future meeting and possible partnership.

Valeo is an old flame who has become a friend with benefits.

Prophesee is a passionate suitor.

Nviso is a star struck geek who will do anything for a kind word.

Bosch is standing back because AKIDA is its best mates girlfriend and remains unsure of when to make a move.

Samsung swore off relationships years ago and is tempted and standing strong but for how long?

Brembo is being Brembo and has applied the brakes on a serious relationship until their comparability is fully proven outside the laboratory.

My opinion only DYOR
FF

AKIDA BALLISTA

 

[DingoBorat]

Hello Cayman Islands ,where have you been all my life
Got room for 1 more?

This will be me.
Only 100k USD investment and become a Panamanian resident in 30 days

Panama Residence by Investment Program

Panama's residence by investment program, or Panama golden visa, provides a path to residence in Panama through investment, including the Friendly Nations route.

www.henleyglobal.com

 

[Mugen74]

That's what I've been thinking dude

We might have to find more liberal places to live..

If something like that were to happen though, you'ld think there would have to be an exemption date on shares and property bought before a certain date?..

If not AA and JC will be looking for a new goverment vehicles

 

[HopalongPetrovski]

That's what I've been thinking dude

We might have to find more liberal places to live..

If something like that were to happen though, you'ld think there would have to be an exemption date on shares and property bought before a certain date?..

That was the case when they enacted the capital gains tax.
It wasn’t retrospective.
Neither is the proposed increase to 30% (up from the current 15%) on earnings on amounts of 3 million + held in super.
And, they are seeking a mandate before imposing it.

 

[The Pope]

Cheers Steve10
I’m in holiday mode at the minute & feeling as sharp as a bowling ball

Cheers chippers

Nice shot of Coolangatta.