This week, the National Australia Bank published its 2012 annual report, confirming that its net profit for the year had fallen by about 21%, mainly from higher bad and doubtful debt charges. Buried deep…
Overshadowed by private interests: Barangaroo’s current design essentially privatises the shoreline.
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Helen Westerman, The Conversation and Sunanda Creagh, The Conversation
In 2006, Philip Thalis was part of the team which won an international design competition to revitalise Barangaroo. Three years later, the government abandoned their approved plan, opting instead for a…
Despite earning $201 million in revenue, Google Australia paid $74,000 in tax last year.
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For many companies, tax is a cost of business rather than the price we pay for civilised society. The driver for tax minimisation or even avoidance is clear: the less tax business pays, the more profit…
The Chinese province of Xinjiang, bordering Kazakhstan, is planning fibre optic security dubbed the “Great Fence of China”; the technology was pioneered by an Australian firm, but China’s rapid technological adaption signifies another chapter in its evolution as a world power.
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As Borat tends to his pigs on his comely estate situated on the border of Kazakhstan and China, one of them flies across in a desperate attempt to look for better opportunities in the Fabled Land of Exploding…
Casinos have the capacity to drive economic benefits - but must avoid becoming an enclave with little connection to the surrounding city.
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Barangaroo, on Sydney’s harbour, is no ordinary development. It has been promised that the 22-hectares of former industrial land sitting on the western edge of the CBD will transform Sydney both culturally…
Purely a good idea: James Packers denies that lobbying played a part in him acquiring a second casino licence for Sydney.
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The redevelopment of Sydney’s Barangaroo into a $6 billion waterfront precinct has involved some of Australia’s most influential people - including former Prime Minister Paul Keating and businessman James…
The saga around the redevelopment of Barangaroo on Sydney’s harbour has undermined our belief in the NSW government’s commitment to transparency.
AAP supplied image
Welcome to our series on Barangaroo. Sydneysiders know this spot well: 22 hectares of former industrial land sitting on the western edge of the CBD, not far from some of the city’s most coveted landmarks…
Recent arguments suggesting the size of the political debate around the Tasmanian forestry industry is disproportionate to its economic importance is misleading.
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The Australia Institute (TAI) has recently used Census data to claim that the Tasmanian forest industry employs only 975 workers. Based on this, they argued that the size of the political debate about…
Chris Jordan will start in his role as Australia’s Federal Tax Commissioner in January 2013.
AAP
In January 2013, Mr Chris Jordan AO starts as Federal Commissioner of Taxation in charge of the Australian Taxation Office (ATO). He follows Mr Michael D’Ascenzo AO, who was not reappointed after his seven-year…
Australia needs to engage with Indonesia, but in the region there is the perception it makes mistakes.
AAP
The dust has settled on the Asian Century White Paper. It is time to reflect on the challenges the Australian government might have in getting the rest of the country to engage with Asia, in particular…
The troubled BrisConnections again brings the role of PPPs into the spotlight.
News that BrisConnections, which operate Brisbane’s Airport Link M7, has suspended trade on the ASX as it continues to talk with its debtors is likely to again lead to a debate about the role of Public-Private-Partnerships…
What is red tape for one company might be a saving grace for another - but a new survey of directors show a high proportion believe it affects their company’s profitability.
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Which one of the following from last century’s corporate office is still around – blotting paper, carbon paper, telex machines, dictation machines, Sellotape, red tape? Well there is some Sellotape to…
Australia must resolve numerous social, economic and environmental obstacles if it wants to reap the benefits of the Asian Century.
Image from www.shutterstock.com
Governments are forever immersed in the daily challenge of responding to what the former British Prime Minister Harold Macmillan once knowingly described as “events.” It was he who coined the resounding…
China’s new leaders must decide whether to reform the country’s state-owned enterprises, or remain dependent on export markets.
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With the dust settling on Barack Obama’s second term in the White House and as Washington nervously approaches the precarious precipice of its looming fiscal cliff, all eyes are on the grey matter of the…
Resolving the US’ fiscal cliff through taxation reform will prove challenging for the President.
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When President Obama took office in 2008, there was little time for rest or reflection. The economy was in freefall and immediate action was required. This time around, the situation is not so dire. But…
Mining is a major regional activity - yet as we ready ourselves for the Asian century, very little research has been undertaken on other growth opportunities in these areas.
A stocktake of research conducted into regional development in Australia shows that we are failing to do sufficient research on opportunities for sustainable growth and prosperity in regional Australia…
The ACCC has refused to relax its standards on what constitutes a free range egg.
Image from www.shutterstock.com
On November 2, the Australian Competition and Consumer Commission (ACCC) issued an initial assessment knocking back a certified trademark application by the Australian Egg Corporation Limited (AECL). The…
There is little evidence to support the belief that Australia’s productivity declines are linked to the need for labour market reform.
AAP
It is not easy to devise a solution to Australia’s productivity slowdown when a shared understanding of the problem is so elusive. While there is recognition among policy-makers that productivity is a…
This is Canberera calling: Prime Minister Julia Gillard emphasises the importance of teleworking via videolink to a conference in Melbourne.
AAP
At yesterday’s Telework Conference at Melbourne Unversity, Prime Minister Julia Gillard — who delivered a speech via videolink — committed to a target of 12% of Commonwealth public servants working from…
As Spanish Prime Minister Mariano Rajoy considers a bailout from the European Central Bank, commentators argue over whether the root of the country’s economic troubles sprang from its housing bubble, rather than prolifigate public spending.
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Spaniards Fernando and Sara got married in 2007. With the help of their parents, the couple bought a house in the outer suburbs of Sevilla because they couldn’t afford one closer to the city. An art history…
Former California governor Arnold Schwarzenegger was reduced to issuing IOUs to pay the state’s bills.
Long after President Obama’s re-election was secure, another election day result came in, one that may be of comparable significance in the long run. By a 54-46 margin, Californian voters approved Proposition…
While the Federal Government may argue changing the GST threshold on online purchases is an equity measure, it’s likely to be viewed by many as an exercise in shoring up the federal budget.
Online shopping picture sourced from www.shutterstock.com
The Federal Government is tipped to be eyeing the online world in a bid to shore up collapsing federal tax revenues. This move has more to do with squeezing “little areas” to get more tax, and ensure…
Deregulation of the energy retail market will address the current politicisation of energy prices.
Bes Z/Flickr
The issue of deregulation of the energy retail market is an important one and I think the much-anticipated Energy White Paper, released by Energy Minister Martin Ferguson yesterday, does well to emphasise…
Benefits will become more widespread as the sun sets on the development stage of the mining boom.
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It seems no-one is quite sure what to think of the resource boom anymore. Long considered the factor that saved Australia from the GFC, the suspension, delay or scaling back of a number of mining projects…
Yellow Brick Road and Macquarie Bank plan to offer mortgages against the Big Four banks - but the market will need a lot more information than so far released.
Sam Howzit/Flickr
Kevin Davis, Australian Centre for Financial Studies
Wealth management company Yellow Brick Road and Macquarie Bank have foreshadowed some sort of relationship which will provide a “much-needed alternative for Australian consumers” with the first step being…