Skip to content Skip to main navigation

Lifestyle

Defying Empire commemorates the 50th anniversary of 1967 Referendum

Dieci e Mezo placed into liquidation

By Jazz - 12 October 2012 8

Disaster today! ABC Online brings the news that one of my favorite restaurants, Dieci e Mezo in the ACTEW AGL building in civic has been placed into liquidation.

Dieci is under the umbrella of one of four companies owned by local restauranter Fiona Wright which has been placed into liquidation by ACT Supreme Court Acting Registrar Grant Kennealy. 140 staff across the group will be affected.

“Ms Wright describes the outcome as unfounded and callous and she has vowed to seek further legal advice.”

What’s Your opinion?


Post a comment
Please login to post your comments, or connect with
8 Responses to
Dieci e Mezo placed into liquidation
CanberraMum 9:57 pm 16 Oct 12

What a brilliant call about payroll tax, the ACT for many years had one of the highest thresholds to start actually paying it – for all wages bills above $1.5 million over the whole company (not just per business) but then one of the highest percentages (6.85%)….I understand they have just changed the limits (1.75m now), but it must still be such a genuine to disadvantage to employ that extra staff member who might then cost you extra in tax…(NSW is 5.45% on $700K, VIC is 4.90% on $550K)

My concern is the lack of staff consultation, apparently the first time the staff heard the company was in trouble was on the front page of the Canberra Times.

Holden Caulfield 3:50 pm 12 Oct 12

neanderthalsis said :

Holden Caulfield said :

Irrespective of Fiona Wright’s apparent payroll tax aversion,

Any right (or Wright) thinking person should have an aversion to payroll tax. A tax on employing people is even more stupid than stamp duty on property purchases.

There’s an election in a few days, are you running?

Whether the tax is good or bad, the consequences of not playing ball are clear to see.

enrique 3:13 pm 12 Oct 12

neanderthalsis said :

Any right (or Wright) thinking person should have an aversion to payroll tax. A tax on employing people is even more stupid than stamp duty on property purchases.

+1

Where’s the incentive to grow a business and employ even more people when you’re just going to have to stump up a wad of cash (payroll tax) once you hit a certain threshhold?

Payroll tax is incredibly inefficient and stifles business growth.

It also basically punishes workers since business simply pass on this cost to labour through effective lower wages.

If the government insists on collecting this tax they should be up-front and call it a ‘because-we-can-tax’ or perhaps a ‘we-want-some-of-your-profit-tax’.

Interesting is this quote from a CPA Australia/KPMG Economic Analysis of the Impacts of Using GST to Reform Taxes (September 2011)… “payroll tax in its current form is the most inefficient of all of the taxes on labour that are considered in this study”. In their study, they note that GST was eventually meant to replace innefficient taxes such as payroll tax… but 12 years down the line there is no sign of this happening. http://www.cpaaustralia.com.au/cps/rde/xbcr/cpa-site/kpmg-econtech-final.pdf

Also of interest, have a read of this commentary by South Australian Accountant/Financial Adviser Tony Martin… http://www.advantageone.com.au/our-opinion/payroll-tax-a-tax-on-economic-growth-incentive.html . He sums it up well where he says “Many businesses resist employing extra staff to avoid being pushed over the threshold or to reduce their payroll tax. This practice is keeping some businesses inefficiently small. This is bad for the business and bad for economic growth.”

EvanJames 1:43 pm 12 Oct 12

Mr Evil said :

Maybe Fiona can go into journalism as a career change.

Heh. There is a distinct family pattern emerging.

neanderthalsis 1:35 pm 12 Oct 12

Holden Caulfield said :

Irrespective of Fiona Wright’s apparent payroll tax aversion,

Any right (or Wright) thinking person should have an aversion to payroll tax. A tax on employing people is even more stupid than stamp duty on property purchases.

Mr Evil 12:45 pm 12 Oct 12

Maybe Fiona can go into journalism as a career change.

Alderney 11:05 am 12 Oct 12

We had dinner for my wife’s 40th here, I found the food fantastic and the staff very friendly.

Holden Caulfield 10:27 am 12 Oct 12

It’s open tonight if you’d like one last meal.

Irrespective of Fiona Wright’s apparent payroll tax aversion, it’s not a surprise to see Dieci e Mezzo close. Although the reasons are not what I expected. I understand it does a good trade during weekday lunches, but at night it is rarely full. Great for when you want to get a nice meal on a whim without a booking, but not so great for ongoing business I would have thought.

Anyway, I’ve enjoyed the food on each of the 5–6 times I’ve eaten there in recent years and I’ll also miss it when it’s gone.

Related Articles

CBR Tweets

Sign up to our newsletter

Top
Copyright © 2017 Riot ACT Holdings Pty Ltd. All rights reserved.
www.the-riotact.com | www.b2bmagazine.com.au | www.thisiscanberra.com

Search across the site