"You tax like you're in Scandinavia but you're competing with your neighbour in Singapore," Mr Cheng said.

'You tax like you're in Scandinavia'

Flight Centre co-founder Geoff Harris, Harvey Norman founder Gerry Harvey and rich lister Patrick Grove say Australia's high tax rates will lead to a flight of capital and talent.

Seized items on display at a media conference at the AFP headquarters in Sydney.

Too early for probe into Tax Office

  • 48 mins ago

Experts say it's still too early to know whether the Australian Tax Office should be subject to an independent probe to restore public trust.

Auctioneer Damien Cooley sold a five-bedroom home in Roseberry for $3.35 million.

Property market fires back up

  • 1 hr ago

Clearance rates surged in Sydney and Melbourne over the weekend suggesting talk of a downturn in the housing market may be premature.

China stifled US spying by killing

From the final weeks of 2010 until the end of 2012, according to former US officials, the Chinese killed at least a dozen of the CIA's sourc...

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