Shorten's soak the rich policy backfires
![Bill Shorten's soak the rich policies have been getting bolder but this time it may have backfired.](http://web.archive.org./web/20180316152352im_/http://www.afr.com/content/dam/images/h/0/x/h/u/z/image.related.afrIndexLeadWide.460x260.h0xj3c.gshfrb.png/1521198530300.jpg)
Bill Shorten's soak the rich policies have been getting bolder but this time it may have backfired.
Bill Shorten's soak the rich policies have been getting bolder but this time it may have backfired.
When it bought Coles in 2008 it was the biggest takeover in Australian corporate history. Now Wesfarmers is cutting it free. Was the journey worth it for shareholders?
The biggest losers from Bill Shorten's proposals will be individuals who pay little or no tax, given that the ability to use franking credits to offset taxable income will remain intact.
Conglomerate Wesfarmers has announced its plan to spin grocery giant Coles off into a separate ASX entity.
The NAB "Introducer Program" has survived a decade of in-fighting at the bank between the top leadership team including existing CEO Andrew Thorburn.
Malcolm Turnbull will link security and economic prosperity in a key speech at the ASEAN-Australia summit on Saturday, as Canberra looks to bolster the group and expand its role in the region.
Stepping in to replace Rex Tillerson as America's top diplomat is a hardline conservative who will be in lockstep with Trump on North Korea and Iran.
Private companies could be tempted to pay large dividends if they were convinced Labor's imputation policy would be legislated in a bid to exploit the current system.
Aussie Home Loans controls over mortgage brokers were deemed "unsatisfactory" and management's awareness of issues were "marginal", a CBA audit found.
Conglomerate Wesfarmers has announced its plan to spin grocery giant Coles off into a separate ASX entity.
The commission will need to find a balance between protecting the consumer and ensuring that banks remains profitable and, therefore, stable.
Wesfarmers chief executive Rob Scott's move to demerge Coles is all about giving Wesfarmers shareholders a bigger slice of the Bunnings earnings machine.
The Reserve Bank has warned investors that a shift higher in global interest rates could impact other asset classes as major governments shift from net buyers to net sellers of bonds.
What happened to weighing up risk versus reward? RBA deputy governor Guy Debelle puts on his investor hat - and doesn't like what he sees.
The S&P;/ASX 200 Index was higher on Friday and almost flat for the week as the Wesfarmers spin-off boosted spirits.
Will massive shifts in global bond markets induce volatility than infects other asset classes? It's a question taxing the mind of one of the world's top central bankers.
Much of our recent politics has been about winding back the Howard era's largesse. But retirees have had a gutful.
What happened to weighing up risk versus reward? RBA deputy governor Guy Debelle puts on his investor hat - and doesn't like what he sees.
Will massive shifts in global bond markets induce volatility than infects other asset classes? It's a question taxing the mind of one of the world's top central bankers.
Wesfarmers chief executive Rob Scott's move to demerge Coles in a transaction that could value the supermarket chain at up to $18.5 billion is all about giving Wesfarmers shareholders a bigger slice of the Bunnings earnings machine.
The Turnbull government intends putting its company tax cut legislation to a Senate vote as One Nation softens after seeing the flow on effects from Donald Trump's tax cuts.
It's up to ASEAN whether Australia ever joins, says Australian Prime Minister Malcolm Turnbull.
If you're finding it hard to keep up with the whirl of news at home and abroad, you are not alone.
"It's not just changing demographics that are responsible for the growing Green vote - it's people like my family," says Greens leader Richard di Natale, who grew up in Reservoir.
Nick Xenophon says if Labor or Liberal can't form a majority, whoever has the most seats will be a crucial factor in who he might back.
Preparations for the historic Summit between the US and North Korean leaders have advanced but Seoul remains wary.
Putin's envoy says Australia should not accept allegations about his role in the British attack.
This weekend Australia has a rare opportunity to join regional powers in nutting out their approach to the ramped up, geostrategic tug of war that is now the ghost at every diplomatic table.
Wang Qishan, a former banker who loves the House of Cards, must try to stop a trade war.
The first region to rebel is about to be retaken by Assad government forces.
Rajiv Kumar, 49, a father of two and procurement executive at University of NSW, is concerned about another retrospective change to superannuation.
This Millenial reckons retirees had it 'too easy' and the ALP policy restores the balance.
Primary carers who leave the workforce to raise their children and rely on dividend income will also be affected.
The senior Herbert Smith Freehills partner suspended over allegations of sexual harassment was disciplined seven years after a complaint by a female staff member.
Physicist Paul Davies pays tribute to his friend and colleague Stephen Hawking who made it cool to be a physicist.
The former foreign minister has strong views about China, doubts about ASIO and - over lunch with the AFR - reveals a few things he wants to get straight.
The last time Steven Cain worked at Coles, he upset so many people he was fired. Now he will be the CEO.
Museums have performed major interventions to put plastic objects on display but some are beyond saving.
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