Why we won't stop the black economy until we do tax reform
Without addressing complexity in our tax system, there's no hope of stopping individuals from overclaiming and engaging in illegal cash economy activity.
Without addressing complexity in our tax system, there's no hope of stopping individuals from overclaiming and engaging in illegal cash economy activity.
Paul Keating's classic line "never get between a Premier and a bucket of money" has new relevance for the countrys five biggest banks, after South Australia decided to whacked its own tax on them last week.
A little after Friday lunch, Australia's population ticked over the 24.5 million mark. What's unusual is the increasing questioning of immigration's role in that growth.
There is a hidden and worrying risk lurking for a particular set of mortgage borrowers, whose level of financial stress is about to get a whole lot worse.
I've lived without electricity bills twice. The first time was in the 1940s and more than 60 years later, I'm doing it again.
Overlearning the lesson of Steve Jobs' first fall at Apple - and of founder-led hypersuccesses at Google and Facebook - Silicon Valley's investors created a culture where founders are given carte blanche.
Its founder's ruthless streak helped Uber become a fixture around the world before sleepy regulators and the slow-moving taxi industry were able to notice. But for its own sake now, he had to go.
In the wake of yet another Rio Tinto director resignation under a scandal-heavy cloud it's only fair to ponder whether this company is accident-prone, unlucky or if there is a bigger underlying governance malfunction behind its series of poor director and senior management choices.
Tabcorp's $11 billion punt has hit the jackpot. It was both a high stakes and risky gamble.
Surging electricity prices are at least partly the fault of political bickering over climate change.
It appears media players are attempting to make a pre-emptive strike and pick off some of Fairfax Media's non-core assets in the weeks before the main game of selling the whole company moves into full swing.
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.
Is there a way to turn "bad debt" into better debt?
Going to California
Changes in the workforce have meant that it now takes a much lower jobless rate to create the same inflation pressure.
None of BHP's old guard of directors would get to wear the BHP chairman's crown. The new king had to be a cleanskin.
Internationalism and globalisation is the only way that this world can work. Barriers and xenophobia won't.
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.
Conspiracy theorists could be forgiven for wondering why only six weeks ago Ten's management seemed pretty comfortable they had the continued support of its billionaire backers. It certainly appears that at least two of these billionaires had a change of heart.
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.
It is difficult to see how Ten Network can escape the corporate undertaker after losing the support of the three billionaires, Lachlan Murdoch, James Packer and Bruce Gordon, who until last weekend had been keeping it afloat.
As more of us use electronic payments, the cost of being a "cash only" business will rise.
The abrupt end to the commodities supercycle drove the RBA to join the global currency war.
There's no denying the economy has slowed down, by far more than we were expecting. But don't conclude it's likely to subside into recession any time soon.
The claim Australia has been recession-free for 2½ decades is technically true, but meaningless.
After years of cutting fares to stimulate demand, airlines have started to employ a new formula.
Here's a simple graph that tells an amazing story – the owners of Sydney's housing don't want to sell.
The long-term leaders who I have worked with and competed with are thrilled by change and not uncomfortable with it.
No names, no pack drill, but here's how to rort the 457 temporary worker visa system and whatever the government renames it.
The spectre of a supermarket price discounting war is a customer's dream and a shareholder's nightmare.
Why are Australians so indifferent about this historic, delicious winter warmer?
From the George Foreman grill to Clooney's 'accidentally successful' tequila, celebrity sells.
Savvy teenagers are making a foray into the world of small business.
Meet two young engineers striving to free up hospital beds.
A free independent guide from SMH with expert information.
A free independent guide from SMH with expert information.
Save articles for later.
Subscribe for unlimited access to news. Login to save articles.
Return to the homepage by clicking on the site logo.