RBA boss blames lax lending, tax breaks for house prices
Reserve Bank governor Philip Lowe intervenes in the debate over tax and home prices before the May budget.
Reserve Bank governor Philip Lowe intervenes in the debate over tax and home prices before the May budget.
Black economy is hard to tackle because Australians see cash-only payments as 'almost a national sport'.
The Reserve Bank has held the cash rate steady amid growing pressure to lift rates to contain soaring home prices.
Two people, three jobs and a dream getting harder and harder to reach.
A major business lobby has taken aim at popular tax breaks for housing that are claimed by many of its members.
It says plenty about the state of Australian politics that so much policy is viewed through the lens of Sydney and Melbourne housing affordability, writes Michael Pascoe.
House values surged another 1.4 per cent across Australia in March, pushing annual price growth to 19 per cent in Sydney and 16 per cent in Melbourne, new data shows.
Only the government has a weapon large enough to stop the housing juggernaut.
Companies with females on their boards have have achieved higher revenue growth, profitability and shareholder returns than those without, a new report by accounting firm KPMG shows.
When President Donald Trump berated Prime Minister Malcolm Turnbull two months ago over 1,250 refugees the US agreed to accept from Australia, the phone conversation was perceived ominously: A decades-old alliance that was already strained by Australia's economic reliance on China was now being put under greater stress.
If I was on the minimum wage, however, I wouldn't start spending the increase yet.
Australia is close to seizing the crown for the longest streak of economic growth in the world thanks to a mixture of policy guile and outrageous fortune. But it's creaking under the weight of its own success.
The truth is that we are all going to have to pay more out of our own pockets for our health.
Households saw their wealth balloon to a record $11.7 trillion last quarter as cash holdings topped a trillion dollars for the first time ever.
Job vacancies have risen for a third straight quarter to hit the highest since May 2011, data showed on Thursday, a promising omen for a much-needed pick-up in labour demand.
Woolworths chairman Gordon Cairns is among a number of ASX 200 leaders who have thrown their support behind quotas.
Last year, two leading economists described a future in which humans come out ahead. But now they've declared a different winner: the robots.
The law aims to recoup revenue from some of the nation's biggest companies including Apple, BHP Billiton, Chevron and Crown.
Do you work like a nomad - travel from place to place for your job - and then claim it on your tax return? The ATO is watching.
Tax fights involving Amazon and Chevron will have major implications for other companies in long-running disputes.
Home prices in Australia's five biggest cities have jumped 3.7 per cent since the start of this year.
Every years millions of Australian workers miss out being paid their superannuation by their bosses. A federal inquiry is looking into why and how to stop it.
The once high-profile PR agency whose management played a part in former prime minister Kevin Rudd's high-profile "Kevin07" federal election campaign, failed to pay its staff superannuation, a federal inquiry has been told.
Economists may not be much chop at forecasting how fast the economy will grow in the next year or two, but that doesn't mean they haven't learnt a few things about how economies work.
Our school motto was et facultatem culturae - culture and capability - and I was keen to show my old classmates I had that in abundance.
The Tax Justice Network research found that while the largest losses occurred in rich economies such as the United States, lower-income countries were the biggest victims of profit shifting.
The tax man should be undertaking random audits of employers to help identify potentially $5.6 billion worth of unpaid superannuation owed to almost 2.8 million Australians, according to Industry Super Australia.
The bad news about the regulators' new attempts to hose down housing investment enthusiasm is that they are, at best, second rate.
Pimco has joined the chorus of global investors turning bullish on global growth prospects, saying the Trump administration's war on trade is "more symbolic than real".
The commodities mini-boom moves beyond share prices and macro data and is starting to be felt at ground level, NAB says.
The small business ombudsman says big businesses including Mars, Kellogg's and Fonterra have a gun to the head of small businesses with their loan schemes.
It is an unfortunate fact of life that too often business owners have a total aversion to paying income tax.
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