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Google says give R&D; tax breaks to small techies, not big guys

Google: ordered to disclose it was fined by privacy watchdog.
Nassim Khadem

Tax breaks for research and development should be targeted to smaller technology start-ups, rather than big companies that will most likely make the investments regardless of incentives, Google Australia will tell the senate inquiry into corporate tax avoidance.

Traders work on the floor of the New York Stock Exchange.

need2know: Shares to edge higher

Local shares are poised to open marginally higher, though a late bout of selling on Wall Street may check the advance.

FedEx will spend $4.8b buying TNT Express - the once small Australian company built into a worldwide logistics business by Peter Abeles.

FedEx bid $US4.8b for Peter Abeles' TNT

Mary Schlangenstein, Richard Weiss and Elco van Groningen

FedEx will spend $4.8b buying TNT Express - the once small Australian company built into a worldwide logistics business by Peter Abeles.

Drop: The price of the bulk material has outpaced efforts by mine owners to cut costs.

McAleese shares renew all-time lows

Brian Robins

Mark Rowsthorn's ambitions to rebuild troubled trucker McAleese have suffered another blow with concerns over the prospective loss of work from Pilbara iron ore miner Atlas.

Caption

ASX is addicted to government support

Patrick Begley

Investors will shake off their disappointment at the lack of an April interest rate cut and continue to push the sharemarket higher ahead, fund managers say.

Currencies

Last updated:
United States Dollar
0.7646 0.13%
Euro
0.7069 0.11%
British Pound
0.5163 0.12%

In Depth

Trading Room

How the miners are undermining our wealth

Claude Walker

If these price falls have served any purpose, it’s to remind us of the risks faced by those who invest their retirement savings in mining, oil and gas.

Markets

Sharemarket is addicted to government support

Caption
Patrick Begley

Investors will shake off their disappointment at the lack of an April interest rate cut and continue to push the sharemarket higher ahead, fund managers say.

Search Quotes & Charts

The Economy

Give tax breaks to small techies: Google

Google: ordered to disclose it was fined by privacy watchdog.
Nassim Khadem

Tax breaks for research and development should be targeted to smaller technology startups, rather than big companies, Google will tell the senate inquiry into corporate tax avoidance.

Retail

Toys 'R' Us racks up $450m in losses

Local colour: Toys 'R' Us has shed plenty of red ink in Australia.
Madeleine Heffernan

Toy and baby products retailer posts another loss, but remains second-biggest player in $850 million industry.

Banking & Finance

Investor in search for higher returns

Ben Slavin and Jeremy Schwartz of WisdomTree.
Ruth Liew

Australian investors are seeking global exposure in the US through exchange traded funds as record low interest rates weaken returns.

Thousands were sold useless insurance

Victim: Truck driver Riadh Zora was sold the wrong insurance cover.
Nick McKenzie and Richard Baker

When the two suit-wearing insurance agents knocked on his door in January 2013, Riadh Zora welcomed them into his Greenvale house.

Mining & Resources

Atlas shares suspended

Atlas Iron is precariously close to becoming the first high profile victim of the spectacular collapse in the iron ore price.
Amanda Saunders

Atlas Iron is understood to be weighing mothballing its operations and possible administration as it suspended trading of its shares.

World Business

China

Prison mercy bid risks Chinese wrath

Matthew Ng with his daughter Isabella in London 2010.
John Garnaut

The gang of plain-clothed Guangzhou city police arrived at Matthew Ng's apartment with a show of force in the evening, when they knew his family would be watching.

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Property Focus

Pubs making a comeback 

Pubs such as the Macquarie Hotel in Liverpool are being snapped up as key investment assets.
Carolyn Cummins

The push to expand the western suburbs of Sydney has seen areas such as Liverpool come out of the shadows of its neighbours of Penrith and Parramatta, with a raft of new projects approved and under construction in the city centre.

Innovative projects vie for top awards

Melbourne School of Design by 
John Wardle Architects and NADAAA.
Stephen Crafti

The Melbourne School of Design and a new library in Docklands are among the outstanding entrants for this year's top architecture awards.

Executive Style

Money

Small Business

Bring a gift but don't bribe

The Reserve Bank's concerns about property market risks could put the Abbott government under more pressure to deliver serious tax and spending reform.
Nigel Bowen

You need to know more than how to use chopsticks if you want to impress Chinese business partners.

Business Video

NZ dollar to surpass Aussie dollar

As the NZ dollar continues to rise, we look at all the ways our Kiwi friends are punching above their weight.

Duration
01:24