A small change in the method for valuing gas would increase revenue from the petroleum resource rent tax by US$15.5 billion to 2030, compared to the current US$5 billion to 2030.
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Westacott is on the frontline in what has become the toughest of gigs, given the shocking disclosures, and subsequent fallout, in the financial sector.
ASIC and APRA don’t lack power to sack bank directors. They the lack the willpower to do so.
The big four accounting firms’ brands are grounded in their histories. But looking into their past reveals many stories of discrimination.
Smaller Australian businesses are more productive than larger ones, but have disproportionately low levels of exports and wages.
To reap the benefits of strong business investment without a costly tax giveaway, Australia must continue to play to its strengths.
If we do escape the interest only debacle unscathed it will be pure, dumb luck, not a consequence of good design or sound regulation.
Even when ASIC has been sufficiently resourced to pursue litigation, the Australian courts have contributed to an environment where contravening behaviour is a rewarding option.
Australia does need infrastructure to spur growth and support jobs - that idea comes with a big “but”.
That Starbucks will close all US stores for ‘unconscious bias training’ may seem progressive, but one afternoon training session for staff will not overcome racism in the longer term.
The government says personal income tax cuts are needed to provide relief from low wages and high cost of living, but will tax cuts make up for that?
Australia’s local leadership, including businesses executives and politicians, is relatively weak compared to those in other nations.
Businesses who pay dividends to shareholders with tax credits attached pay more tax, new research finds.
This bald-faced refusal to acknowledge their own inconvenient history in part comes from the politicians’ belief that if you just burnish the “spin”, you can get away with saying anything.
For Australia, the median age is 37.2 years. The Northern Territory is the youngest state or territory with a a median age of 32.4 years and Tasmania is the oldest at 42 years.
When it comes to incomes, millennials in Australia haven’t fallen behind.
Chinese exports to the US grew rapidly during the quarter, but it could be a very different picture next time around.
Just why the government was so keen to shield an industry where wrongdoing had been obvious is not entirely clear.
It seems ASIC and the Director of Public Prosecutions will have no lack of evidence to pursue civil penalties and criminal cases. The bigger issue is what charges to go with.
Some leadership attributes, like being trustworthy or encouraging, are viewed the same way in all cultures but there are other traits that only spell leadership to people of Anglo-Celtic backgrounds.
Many contracts have been ended in cases of war or changes in the law. But government action making a contract more expensive does not mean it will be terminated.
Research shows that being agreeable can come at a cost in terms of income and career success. But it can be used to your advantage if combined with being strategic and conscientious.
Traditional accounting calculates a company’s value by measuring physical assets and how much they owe. But we can tweak this for today’s economy by including people and their ability to innovate.
Now with more unicorns than fintech, could it be showtime for mediatech?
A 40-year partnership between Cricket Australia and the Nine Network ended today, with Seven and Foxtel securing media rights. The deal means more hours of coverage and is a big win for Foxtel.