Canberra plans to plug tax holes
Saul Eslake describes Australia's tax system as 'like a giant Swiss cheese'. Attempts to plug these holes is now underway.
Stock Ticker
- AGL AGL ENERGY LIMITED. 0.86%
- AIO ASCIANO LIMITED -0.78%
- AMC AMCOR LIMITED -1.21%
- AMP AMP LIMITED 0.37%
- ANZ AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED -1.47%
- APA APA GROUP 0.23%
- ASX ASX LIMITED -0.17%
- AZJ AURIZON HOLDINGS LIMITED 2.62%
- BHP BHP BILLITON LIMITED -2.01%
- BXB BRAMBLES LIMITED 0.73%
- CBA COMMONWEALTH BANK OF AUSTRALIA. -1.14%
- CCL COCA-COLA AMATIL LIMITED -0.79%
- CPU COMPUTERSHARE LIMITED. 0.11%
- CSL CSL LIMITED 1.12%
- CTX CALTEX AUSTRALIA LIMITED -1.42%
- CWN CROWN RESORTS LIMITED -0.66%
- DXS DEXUS PROPERTY GROUP 1.94%
- GMG GOODMAN GROUP 0.62%
- GPT GPT GROUP -1.40%
- IAG INSURANCE AUSTRALIA GROUP LIMITED 1.12%
- IPL INCITEC PIVOT LIMITED 0.99%
- JHX JAMES HARDIE INDUSTRIES PLC 2.82%
- LLC LENDLEASE GROUP 2.48%
- MGR MIRVAC GROUP 1.08%
- MPL MEDIBANK PRIVATE LIMITED -0.80%
- MQG MACQUARIE GROUP LIMITED -2.02%
- NAB NATIONAL AUSTRALIA BANK LIMITED -2.06%
- NCM NEWCREST MINING LIMITED 2.25%
- ORG ORIGIN ENERGY LIMITED -2.84%
- ORI ORICA LIMITED 1.67%
- OSH OIL SEARCH LIMITED -3.39%
- QBE QBE INSURANCE GROUP LIMITED -0.49%
- RHC RAMSAY HEALTH CARE LIMITED -1.02%
- RIO RIO TINTO LIMITED -1.80%
- S32 SOUTH32 LIMITED -5.91%
- SCG SCENTRE GROUP -0.22%
- SEK SEEK LIMITED -1.18%
- SGP STOCKLAND 1.91%
- SHL SONIC HEALTHCARE LIMITED -0.89%
- STO SANTOS LIMITED -4.24%
- SUN SUNCORP GROUP LIMITED 1.50%
- SYD SYDNEY AIRPORT -1.21%
- TCL TRANSURBAN GROUP -0.09%
- TLS TELSTRA CORPORATION LIMITED. -2.22%
- VCX VICINITY CENTRES 0.67%
- WBC WESTPAC BANKING CORPORATION -0.67%
- WES WESFARMERS LIMITED -0.80%
- WFD WESTFIELD CORPORATION -1.13%
- WOW WOOLWORTHS LIMITED -0.65%
- WPL WOODSIDE PETROLEUM LIMITED -2.26%
Key Stories
Closing coal power needs an auction
A novel system has been proposed that could rid Australia of its highest greenhouse gas emitters.
The human cost of bad banking
Denis and Joy Scanlon allege they are the victims of predatory lending by the Bank of Queensland
Our banks are beyond the law
The rate-rigging scandal is a key test of our system.
The card Australia Post says you won't get
Australia Post says finding a missed delivery card in your mail box instead of your shopping will be virtually eliminated.
Why Telstra got its $11 billion NBN deal
The profit result that Telstra announced this week puts its $11 billion deal to co-operate with the NBN into a sober perspective.
Does negative gearing make a difference?
 Your pocket or your kids? Housing affordability has emerged as an election battleground.
- The Economy Harold Mitchell We can learn from our neighbour
- Markets Miners lead ASX's best week in months
- World business There's no anti-Trump conspiracy: Murdoch
- Retail Woolworths loses hardware boss
- Video BusinessDay App review: make it rain with Acorns, On-Market Bookbuilds
Market Indices
Last updated: February 20, 2016 - 12:56AM
Last updated: February 20, 2016 - 12:56AM
Last updated: February 20, 2016 - 12:56AM
Last updated: February 20, 2016 - 12:56AM
Why Branson tore up a cheque for $240 million
It takes a true entrepreneur to turn down a cheque for $240 million.
In Depth
China halt could kill apartment market
Fund manager Hamish Douglass says if the Chinese government starts restricting investments, Australia's apartment market faces a 'dramatic' impact.
Domino's making a Mozza(rella)
When Jack Cowin invested $400,000 in 1986, customers phoned through their orders. How things have changed.
No anti-Trump conspiracy: Murdoch
Rupert Murdoch urged Republican presidential candidate Donald Trump to relax a little bit on Thursday.
Workplace
'Kill them': Cleese on office pests
John Cleese and Eric Idle explain how to deal with the kind of situations many of us face in the modern office.
'I thought there would be a job at the end of it'
A looming 30% global shortage of aircraft maintenance workers will hit Australia hard, a study has found.
Markets
Board of directors are buying the dip
Falling prices have prompted some to buy up.
Markets Live: Reverse gear
Live
Shares slip as investors take a breather following the strong rally of the past days.
Markets are flying but it could go pear-shaped
There are three reasons global shares have been rallying this week, but they could all quickly turn negative, Altair's Stephen Roberts says.
- $A too high, says RBA's Edwards
- Mining stocks are back from the dead
- need2know: ASX to edge lower
- Wall St lower as bank, tech shares slide
- Oil benchmark lower as US crude inventories rise
- ECB minutes show inflation overshoot on radar
- China capital outflows far from over, say bears
- Low inflation key challenge for US, says Summers
Vale's iron-ore output short of analysts' estimates
Search Quotes & Charts
The Economy
A lesson in 'loveonomics'
Renowned economist Justin Wolfers takes his work home with him. And he applies it to everything from selecting a meal to changing a nappy.
We're witnessing a strange phenomenon in federal politics
The government's stuck on tax reform. It's trying to find a way out of this position.
Retail
Domino's making a Mozza(rella)
When Jack Cowin invested $400,000 in the business in 1986, customers phoned through their orders and settled for a one-hour wait. How things have changed.
Booming China sales have corks popping at Treasury Wine
Treasury Wines ceo Mike Clarke says the profit upside is substantial in Asia as the company tries to convert a new generation of beer and spirits drinkers to wine by targeting 300 million basketball fans, but it is taking things at a controlled pace.
Banking & Finance
Management confidence key to investing: Perpetual
Vince Pezzullo puts his faith in the people who run the companies he invests in and that is paying dividends.
Lennon replaces NAB's finance chief Drummond
National Australia Bank has appointed Gary Lennon as its next chief financial officer, after the surprise exit of Craig Drummond, who resigned after two and a half years in the role.
Mining & Resources
Northern Star sits pretty with 79pc profit jump
Gold miners are proving to be the envy of embattled miners, and Northern Star's Bill Beament knows it.
Iluka Resources on the investment prowl
Mineral sands major Iluka Resources is adamant that now is the best time for it to pursue growth.
World Business
Blow to Airbnb in fastest-growing market
Under pressure from hotels, Japan's PM has released guidelines that could make most Airbnb rentals in the country illegal.
Wild West: Apple, Google 'own sheriffs with no rules'
Apple is playing sheriff in a dangerous game with law enforcement, US prosecutor says of the company's fight with the US over an encrypted iPhone used by a shooters in a US terror attack.
China
China hard landing could spark Australian recession
A hard landing in China could spark a recession in Australia this year, Oxford Economics says.
China economy faces great challenges: Li
China's economy faces great challenges and new uncertainties brought about by the global economic environment and various countries' ailing stock markets, Premier Li Keqiang says.
Featured advertisers
Property Focus
Payce lodges plans for $5 billion project
Listed developer Payce Consolidated has increased its footprint in Sydney's west with a $5 billion urban renewal plan at Melrose Park.
Cosmetics and food keep the malls full
Cosmetics and improves supermarket offering are the drivers of growth for the major retail landords GPT Group and Charter Hall Retail REIT.
Office markets set to shine
Corporate Australia is bracing for a higher rent roll as office landlords are ruling the roost, with the next wave of rent rises tipped to wash over the Sydney and Melbourne markets in the not-too-distant future.
Payce Consolidated snaps up $160m Melrose Park site
Quintessential wins bid for Geelong's WorkSafe office
Property fund syndicator Quintessential Equity has won a Victorian state government bid to build a new 14-storey office for 700 WorkSafe employees in Geelong.
Executive Style
You'll want to see this sexy MAMA
A new exhibition shines a spotlight on this regional city's cultural rebirth.
Money
Bracket creep is 'no big deal'
Tax reform is in the spotlight again, but the numbers show that bracket creep is not as bad as the government wants us to believe.
A rubbish week but keep perspective
The slump in market sentiment is getting out of hand.
Small Business
Tweet revenge for businesses
Businesses can now take complaints offline and avoid a social media meltdown.
The age of entitlement … at work
How to deal with employees who have an unrealistic sense of entitlement.
Business Video
Are tax deductions on the way out?
Deputy BusinessDay Editor Nassim Khadem explains the proposed changes to taxation that would have Australians no longer claiming deductions.
- Duration
- 01:11
-
- Duration
- 00:50
-
- Duration
- 01:20
-
- Duration
- 00:47
-
- Duration
- 01:36
-
- Duration
- 02:31
-
- Duration
- 00:46
Comment & Analysis
Closing coal power needs an auction
Contains:
This article contains a video.
We can learn from our neighbour
Contains:
Why Telstra got its $11 billion NBN deal
Contains:
This article contains a video.