Global travelers are being increasingly asked if they want to pay for local purchases in terms of their home country currency. Here’s why you should resist the strong temptation to do so.
India has gone further than any other country in legislating for corporate social responsibility. But the law should be redrafted to enhance precision and stakeholder orientation.
The current system of credit card fees is too confusing.
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As the federal government changes the rules around credit cards, it should force companies to be more transparent about fees.
An early prototype of the IBM Watson cognitive computing system in Yorktown Heights, NY. It was originally the size of a master bedroom in 2011.
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Given the small percentages involved, South Australia’s bank levy won’t interfere with the federal government’s levy, and would arguably be compatible with it.
United States Sen. Elizabeth Warren questions Wells Fargo CEO John Stumpf, foreground, during congressional hearings into allegations that bank employees opened millions of unauthorized accounts to meet aggressive sales targets.
(AP Photo/Susan Walsh)
Kevin Davis, Australian Centre for Financial Studies
Applying the GST to banking has much sounder economic underpinnings than the current levy, would have raised much more revenue, and would have applied to all banks rather than just the big banks.
Banks are in such poor conditions that it affects Tunisians’ day to day lives.
Zoubeir Souissi/Reuters
Kevin Davis, Australian Centre for Financial Studies
The new levy on banks from the budget is a small hit to their profit but it could have unintended consequences.
The treasurer referred to the A$13 billion “zombie” measures the Senate has failed to pass as a “Senate tax”, in justifying the tax increases in this budget.
Lukas Coch
The budget was extraordinary in many ways. It is an abandonment of restraint on taxes by a liberal government. It is nakedly populist and it also acknowledges that government debt can be productive.
With the intensity of competition across many industries, financial institutions such as ANZ need to be agile and respond to changes quickly to maintain business.
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The agile working style was originally designed by tech companies for efficiency in software development but now one of Australia’s big four banks wants to implement this.
‘No, I absolutely do not wish to change my password, thanks.’
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