Australian firms gain $620m from US tax cut

Cross-border loans between related companies are the latest frontier in the ATO's action against multinational tax avoidance.

Australian firms doing business in the US are almost instant beneficiaries to the tune of $620 million in added cumulative profit, Credit Suisse conservatively estimates.

Minister for Rural Health, Sport and Regional Communications Bridget McKenzie and Deputy Prime Minister and Minister for ...

Toxic split in Nationals worsens

A dumped MP declined to deny that he was contemplating quitting the party, and amid suggestions he may be joined in a second Nationals party room by some colleagues.

ASX year-end rally rolls on

The ASX edged higher to hit another post-GFC high on Wednesday as investors head into the end of the year in an upbeat mood.

China extends capital crackdown 

Private sector Chinese companies looking to invest overseas will now face similar scrutiny to their state-owned counterparts, in bad news for deals here.

AACo appoints Hugh Killen as CEO

The nation's biggest cattle company has turned to a Westpac fixed income specialist to bolster its performance, ending a five month search for a new CEO.

When will the RBA raise rates?

The timing of the first rate rise since 2010 is in dispute: Goldman Sachs' tip for May tops the hawks, while Westpac's 2020 call leads the doves.

Opinion

Inequality is a threat to our democracies

By Martin Wolf

Income inequality has increased rapidly in North America and Asia, grown moderately in Europe, and stabilised at an extremely high level in the Middle East and Brazil. But there's good news as well.

Workable energy policy is 'urgent'

The nation's top energy body paints a grim outlook for the energy market saying it was "not in the best of health" and governance was playing "catch-up".

Bruising election battles await Modi

The tight Gujarat state race this week points to some bruising battles in 2018, when voters in four large states — three governed by the BJP — will elect new administrations.

Personal Finance

The Federal Court's dump of almost 60 transcripts provides a snapshot of what took place at Westpac Treasury's trading ...

The Rat and the RBA talk BBSW

Transcript of a phone call between Westpac's Colin 'The Rat' Roden and a senior executive at the Reserve Bank shed new light on the cut-throat world of bank bill trading.