Photo finish for Melbourne Cup day rate cut
Lower than expected underlying inflation has two market economists predicting a Melbourne Cup Day rate cut, although neither with much conviction.
Lower than expected underlying inflation has two market economists predicting a Melbourne Cup Day rate cut, although neither with much conviction.
The bosses of two large companies have poured cold water on the federal government's broader push to drop corporate tax rates.
Australia's annual inflation rate climbed to 1.3 per cent in September, but the underlying rates, used to guide the Reserve Bank, fell
The good times are starting to roll for BHP Billiton as higher commodity prices are helping to fatten its bottom line.
Six months ago the business-backed Committee for the Economic Development of Australia presented the Turnbull government with what it said was a clear and practical plan to return the budget to surplus. There were 5 of them in fact, including different mixes of proposals such as better taxing superannuation contributions, halving the tax discount for capital gains, ending negative gearing, boosting taxes on luxury cars, alcohol and tobacco, and taxing the private health insurance rebate.
Resurgent prices rather than volumes has prompted a key government forecaster to hike its view of Australia's resources and energy exports in the year ahead
Scott Morrison can use scare tactics in seeking greater support for his task of getting the budget back on track, but he'll do better by spreading the needed sacrifice more fairly.
Now he tells us. Within days of his appointment as treasurer last year Scott Morrison rashly assured us he faced "a spending problem, not a revenue problem".
One year into his job as treasurer, Scott Morrison has conceded that he does have a revenue problem after all, and delivered a stirring defence of... not that much.
Group of 20 finance ministers say taxation policies should be improved worldwide to reflect globalisation and promote socially balanced, sustainable economic growth.
What if the prime minister sacked the treasurer and promised to govern for everyone, not just those near the top?
What if budgets, and candidates for office, told the truth?
What is this rating, where does it come from and does it matter? Your AAA-rating questions answered.
High rate of corporate collapses as economy shifts away from mining sector
Claims of a boost to living standards from the government's planned company tax cuts rest largely on a dramatic reduction in tax avoidance, a new analysis shows.
In budgeting it's known as the magic asterisk, the get-out-of-jail-free card. If it looks as though you'll be in the red, you simply add in a figure for general unspecified savings and, magically, your problem's solved.
Labor is about to do what the Coalition did in the leadup to the last election. It's about to face reality.
Labor ought to consider reversioning the old 1980's AIDS slogan: "I like sex, but I'm not prepared to die for it."
In some electorates, the economy is shrinking by as much as 2 per cent per year. In others, it is growing by 5 per cent or more.
Want to know where the money is for the budget?
The tally of costings released at the end of a campaign almost always adds up and always puts the budget slightly ahead.
About the only the only thing the treasury believes about this year's budget is the economic forecasts. It certainly doesn't believe the deficit forecasts.
Treasury and Finance have warned that significant spending cuts – or a big rise in tax receipts – will be needed to return the federal budget to surplus over the medium term.
A coalition of artists, museum directors and the heads of art schools has attacked the Australia Council's four-year funding program, which resulted in several visual arts organisations losing critical financial support.
A sharply lower iron ore price is expected to wipe billions of dollars from budget projections forcing both sides of politics to rein in promises when the official pre-election economic update is released on Friday.
Why on earth is the Coalition controlling rents?
When politicians announce a tax cut to be delivered after they've been re-elected, there are no prizes for guessing it's an electoral bribe.
Taxpayers who negatively gear cost other taxpayers an average of $310 per year, a new analysis of Tax Office data shows.
Kate Mulvany says the performing arts sector has been demoralised by federal government funding cuts.
Those hikes in cigarette taxes... they're retrospective. Really.
The government is running light on numbers to support its corporate tax cut and negative gearing/capital gains tax policies. It's no wonder, really.
Every non-plan plan needs glossy and impressive packaging.
There could be another interest rate as soon as next month, throwing a wildcard into the election campaign.
As you may have heard Scott Morrison mention a time or two this week, this isn't an ordinary budget.
New data reveals how every Sydney electorate fared in the budget.
Let's be straight about this: Scott Morrison has no plan to return the budget to surplus.
Hundreds of job losses in the arts sector are expected as small and mid-sized companies lose Australia Council funding.
Speaking of the budget Opposition Leader Bill Shorten will give his formal reply tonight. Having spent much of the week congratulating the government for adopting some of his policies what else will Mr Shorten have to say?
I learned valuable lessons in the 1975 campaign that have helped throughout my business life.
A new internship program introduced to combat youth unemployment is at risk of becoming a "jobs destruction program" unless safeguards are introduced to prevent exploitation, workplace experts have warned.
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