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Cut the company tax rate and push up the GST, says Henry
Former treasury boss Ken Henry has backed the government's 10-year plan to cut the company tax rate, saying it should be done even sooner.
Former treasury boss Ken Henry has backed the government's 10-year plan to cut the company tax rate, saying it should be done even sooner.
Plans for mining investment are down 20 per cent and plans for manufacturing investment are down 1.2 per cent.
Low wage growth is what the Coalition wanted. Within weeks of being sworn in as employment minister in 2013 Eric Abetz warned "weak-kneed employers" not to cave in to unreasonable demands.
Private-sector wage growth has slid to record low of just 1.8 per cent, throwing into doubt budget projections and confounding the Reserve Bank, which would prefer not to have to cut interest rates again and run the risk of reigniting house prices.
The head of Australia's central bank said on Wednesday the risks of encouraging more borrowing by already heavily indebted households argued against seeking a faster return of inflation to its target band, another sign rate cuts were off the table.
The Reserve Bank predicts rising resource exports in a more positive global environment will spur growth as the drag from falling mining investment wanes.
Tony Blair wants fellow Britons to "rise up" and block or soften Brexit, but it may now be out of their hands - many Europeans just want them to get on and get out.
When do you become a senior citizen? It might be time to think of people younger than 74 as "pre-old", medical experts in Japan say.
Declining rates of home ownership aren't necessarily a bad thing, according to the Reserve Bank.
I know how Jules Verne must have felt. My recent trip to New York plus three days in Israel and two more in London was a fascinating circumnavigation but thanks to Qantas and the LLJets I did it quicker than 80 days in a balloon.
Full-time employment collapsed to its weakest point in 16 months in January after two months of gains were reversed, leaving Australia with 56,100 fewer full-time workers than in January 2015.
The federal Treasurer and the Finance Minister threw several years of Coalition dogma out the window and it's been reported as if it's just another day at the office.
The first ever national survey of renters' experiences has uncovered widespread fear and anxiety.
Their businesses may rely on it, and most support it, but one in two Australian CEOs surveyed by PwC reject the assertion that globalisation has helped reduce income inequality.
Australia's leading forecasters don't believe the Reserve Bank when it says the economy will grow 3 per cent this year and 3.25 per cent in 2018. The forecasts, in Friday's "Statement on Monetary Policy", are well above the median forecasts of 2.4 per cent and 2.8 per cent released by the Australian Business Economists executive committee on Tuesday.
The stars are aligning for the economy: business conditions and confidence have unexpectedly jumped, with employment conditions particularly encouraging.
Government at any price is the lowest common denominator of politics. The nation ends up paying for it.
What's this about a "locked box"?
For all the signs that our economy is on the mend, two influential reports on Friday highlighted the soft underbelly of Australia's labour market.
Top excuses for why people did not lodge a tax return on time included: "My client can't lodge because she is currently at the North Pole".
Reserve Bank chief gently reproves Turnbull's failings.
Does a name's position in the alphabet affect anything outside the Yellow Pages? The idea isn't so far-fetched, new research shows.
There is a new political fault line emerging in Australia, and it cuts across the traditional progressive and conservative divide.
The Reserve Bank's assessment came as the International Monetary Fund called on the bank to keep interest rates "accommodative" and to be prepared to ease further, if warranted.
Tougher restrictions on bank lending may be needed if Australian house prices or mortgage debt accelerate again, the International Monetary Fund says.
Reserve Bank governor Philip Lowe has implored Prime Minister Malcolm Turnbull to borrow more to spend on infrastructure.
Apple was slugged with an $18b fine by the EU last year but the company will be smiling if Donald Trump's US tax plan gets off the ground.
Households, particularly those in Queensland and Western Australia, will see some benefits of the lift in commodity prices, HSBC says.
Guard dogs and x-box consoles are among the items that over 154,000 small businesses have claimed as tax breaks for equipment used in the workplace.
US cattle lobby was disappointed with Mr Trump's decision to axe America's role in the Trans-Pacific Partnership trade agreement.
Small business owners have backed the Fair Work Commission's decision announced on Thursday morning to slash Sunday penalty rates.
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