Gareth Hutchens

Tony Abbott's G20: Don't mention the word 'inequality'

Gareth Hutchens dinkus Dinkus

Gareth Hutchens Someone handed me a document last week. This document was presented at the G20 Sherpa Meeting in Melbourne in June, which is a closed-door meeting.

Economy

Sydney house prices outstrip other cities in September

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Stephen Cauchi Sydney's house prices continue to soar, with Australian Bureau of Statistics data showing a 2.7 per cent rise for the September quarter - nearly three times that of Australia's other cities.

Economy

Business confidence slips despite better conditions

Confidence among Australian businesses is sliding, despite what many report as an improvement in business conditions.

Mark Mulligan Business confidence continued to wane in October, although operating conditions surged, according to a survey by National Australia Bank.

Business

CrossFit craze a free market success story

Joshua Hromis

Liam Mannix In CrossFit’s laissez-faire free market, there are no rules, the strong prosper, the meek do not inherit anything and are destroyed.

Michael Pascoe

Earth to Canberra: the tax review has been done

Michael Pascoe dinkus Dinkus

Michael Pascoe Sunday must have been a slow news day – Tony Abbott’s parliamentary secretary, Josh Frydenberg, managed to get headlines for thinking that payroll tax is not a good and efficient way of...

Trade minister Andrew Robb hopeful of signing China FTA soon

Trade Minister Andrew Robb.

Jared Lynch and James Massola A long-awaited free trade agreement between Australia and China could be signed soon.

Ross Gittins

We need to be smarter about closing the gap

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Ross Gittins We've been spending a lot for years without making much headway. So what should we do?

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Economy

RBA sees subdued growth, warns Japan flows keep Aussie high

The central bank's policy makers are fretting over a disconnect between falling commodity prices, led by a more than 40 per cent drop in iron ore, and the currency.

The Reserve Bank of Australia said the nation's economy is set to remain subdued and warned Japan's monetary policy could spur flows that support the Aussie dollar "at a higher level than real...

Tax

Tax leaks: Amazon's Australian figures a mystery

Concerns have been raised about Amazon's market power.

Neil Chenoweth Amazon’s first Australian accounts declare the online retail giant generated revenue last year of just $1.5 million, reports the Australian Financial Review.

ANALYSIS

Employment to population ratio paints a bleak jobs picture

In October and also in September only 60.5 per cent of the working age population was in a job - the lowest mark in 10 years.

Peter Martin The Bureau of Statistics has the jobs numbers back on track. It has reworked its seasonal adjustment process to remove the wild gyrations of recent months that had called into question the entire...

Leak reveals Future Fund and multinationals' secret offshore tax deals

PwC

Georgia Wilkins and Gareth Hutchens Directors of the Australian government's Future Fund as well as PricewaterhouseCoopers, Macquarie and AMP could be forced to face a Senate inquiry into tax avoidance following a global investigation...

Employment

Unemployment rate stays steady at 6.2 per cent

No surprises this time: The October jobs data came in as expected by economists.

Mark Mulligan Australia's job market grew slightly in October although the unemployment rate was unchanged at 6.2 per cent, according to the Australian Bureau of Statistics.

Tax leaks

Tax leaks: ATO vows to scrutinise multinationals

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Georgia Wilkins Australian companies including AMP and the Future Fund have been exposed by one of the biggest tax leaks in history for using Luxembourg to shift profits and avoid tax. 

Retail

Why IKEA Australia's $1 billion in profits are mostly tax-free

It was not until 2013, after a decade of small profits, that IKEA finally wiped out the accumulated losses to put its Australian arm in the black after 30 years of booming sales.

Neil Chenoweth Despite reporting decades of miserable results, Swedish furniture company IKEA's Australian arm has earned an estimated $1 billion in profits since 2003, and almost all of it has been exported...

Nobel laureate Robert Merton warns Australian superannuation system is risky

Financial tips for superannuation savings (Thumbnail)

James Eyers Nobel laureate economist Robert Merton says David Murray’s financial system inquiry must shift how Australia thinks about superannuation.

Employment. How the Bureau of Statistics got it wrong

Peter Martin dinkus Dinkus

Peter Martin The Bureau of Statistics thinks it's got to the bottom of what's been wrong with its employment survey and it's bumped up the unemployment rate to compensate.

RBA leaves rates on hold

Mark Mulligan The Reserve Bank of Australia on Tuesday kept interest rates on hold at 2.5 per cent, as it again noted slack in the job market, rising house prices and concerns about growth in China.

Eco

Sydney, Melbourne propping up slowing housing market

Mark Mulligan House price growth continues to slow across Australia, and only three capital cities are posting increases, according to the latest monthly survey from RP Data CoreLogic.

Economy

Signs of animal spirits reviving as companies turn to growth

RBA Governor Glenn Stevens has signalled companies need to invest more again to boost growth.

Bianca Hartge-Hazelman Australian businesses could be starting to unleash their animal spirits as fresh data suggests that more companies are focusing on growth rather than cost cutting.