The danger in the NSW budget
While there are many good things about this budget keeping the state's economy humming, there is one big danger.
Michael Pascoe is a BusinessDay contributing editor. He comments on companies, markets and the economy.
While there are many good things about this budget keeping the state's economy humming, there is one big danger.
The 3 per cent of tax payers in the top tax bracket have an extra incentive to play philanthropist before June 30 – their donations will be worth 2 per cent more for them than on July 1.
The Law of Unintended Consequences does not sleep.
Ten Network Holdings isn't dead yet, but it's on life support with administrators appointed. Should an autopsy be conducted, Murdoch fingerprints and DNA will be found all over the body.
As the gap between Australian and American rates narrows, other things being equal, the Aussie dollar should weaken against the greenback. The problem is that the theory isn't working.
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No names, no pack drill, but here's how to rort the 457 temporary worker visa system and whatever the government renames it.
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There's nothing like a prominent visiting economist spruiking imminent ruination to get plenty of media attention.
The obvious major missing ingredient in Scott Morrison's 'backflip' budget was the lack of actual tax reform - but there is another glaring black hole. Turnbull's leadership remains weak as long as he's unable to convince his backbenchers that it's OK to come out from under the lump of coal now, that we can move on from Abbott's whatever-it-takes.
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