Prime Minister Malcolm Turnbull’s first major post-election economic speech revealed not a hint of awareness that large swathes of the electorate had been unpersuaded by his major policy programs.
After days of waiting, Malcolm Turnbull will form a government.
AAP/Lukas Coch
Australian Council of Social Service chief Cassandra Goldie told Q&A that Australia is among the lowest-taxing countries in the OECD. Is that accurate?
Government policy signals are encouraging more Australians to borrow more money for property.
Dan Himbrechts/AAP
The budget seems to be saying to people with taxable incomes of less than $80,000 – if you want to pay less tax, get yourself a negatively-geared property investment.
Look in Scott Morrison’s show bag and the contents are sparse for most voters.
Mick Tsikas/AAP
Cabinet secretary Arthur Sinodinos has made a strong pitch for giving priority to a company tax cut in the coming budget as the best way to boost growth, with a significant flow on for workers.
Opposition leader Bill Shorten, Shadow Treasurer Chris Bowen and Shadow Assistant Treasurer Andrew Leigh have said their multinational tax package will make big firms pay their fair share.
AAP Image/Mick Tsikas
The tax package recently announced by the Federal Labor party is clearly well intentioned but it misses the point about multinationals paying their fair share.
The Australian community has been involved in many discussions about tax in the past, and now it’s time for some new decisions.
Image sourced from Shutterstock.com
Some may be surprised to hear the Corporate Tax Association (CTA) is calling for greater transparency around the tax paid by companies. One may ask why major companies would prefer to enhance transparency…
It is true that our “headline” (or statutory) corporate tax rate of 30% is higher than that of many other countries.
(AAP Image/Dean Lewins)
Kevin Davis, Australian Centre for Financial Studies
“Well, Jon, the Government’s about to bring in a 1.5% corporate, or company, tax cut from the 1st of July. That’s something that obviously we support, because (the) corporate tax rate at 30% is not competitive…
Kansas Governor Sam Brownback was re-elected despite a tight fight over his tax cuts and resulting deficit, which were revealed to be worse than expected just days after the election.
Reuters
Republican gains in this month’s election, which handed the GOP united control of Congress for the first time since 2006, have lifted hopes that the government can pass corporate tax reform next year…
A bitter inversion: AbbVie nixed its US$54 billion acquisition of Irish drug maker Shire after the US Treasury eroded the benefits of doing a corporate inversion.
Reuters
Corporate inversions have been front page news in the US for months with everyone from President Barack Obama to the man on the street expressing a view as their usage has surged. Unfortunately, many of…
The US$11 billion merger of Burger King and Canadian coffee and doughnuts chain Tim Hortons is the latest example of a tax inversion move. The deal will see BK transfer its company headquarters from the…
The G20 has agreed on new rules to combat offshore tax evasion.
Jason Reed/AAP
When Business Council of Australia chief Jennifer Westacott weighed in on plans for an Australian tax crackdown on multinationals last week, she warned the move could risk competitiveness and lead to companies…
Charis Palmer, The Conversation and Emil Jeyaratnam, The Conversation
Since publication this infographic has been amended. The original version stated the NDIS was scaled back. There are no planned cuts to the funding of the NDIS.
There is good news for George Osborne as he approaches his latest budget speech. The Bank of England is predicting the economy will grow by 3.4% per cent this year and the Office of Budget Responsibility…