Banks warned tax rate could rise
![''At the very least, the government needs to put this process on hold'': ABA's Anna Bligh.](/content/dam/images/g/w/2/i/w/h/image.related.afrIndexLead.320x210.gw25g0.png/1494515401759.jpg)
Treasury tells banks the new tax must hit an annual revenue target of $1.5b, meaning any carve-outs will have to be recouped through a higher rate than proposed.
Treasury tells banks the new tax must hit an annual revenue target of $1.5b, meaning any carve-outs will have to be recouped through a higher rate than proposed.
Labor wants to slug high income earners a top marginal tax rate of almost 50 per cent to fully fund the NDIS.
A Coalition Treasurer who picks a fight with the banks and battles to fund social spending means that the world has changed this week.
China is being cautious with semantics as it hosts 28 country leaders and dozens more ministers and government officials at a grand summit to promote its grand infrastructure vision.
Australia could reach its 2030 carbon reduction targets without an emissions trading scheme through bigger cuts to vehicle emissions.
Xi told Moon that China has always upheld the denuclearisation of the Korean peninsula and that the nuclear issue should be resolved through talks.
The NSW government has wrapped up its "poles and wires" privatisation with the sale of a majority stake in Endeavour Energy to a Macquarie-led consortium.
The deficit levy on the wealthy would have to double to collect the same revenue from a small increase in the Medicare levy.
NSW Premier Gladys Berejiklian says she will work with Daniel Andrews in Victoria to get the best deal out of the federal government.
The Trump administration began its search for a replacement for ousted FBI Director James Comey while fending off questions about his sudden...
By the end, neither of them thought much of the other. The president, Comey told associates, was "outside the realm of normal," even "crazy....
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