The Economy

 

Michael West

PPP plundering takes its toll on love

Michael West 6:25 PM   Once again, on this Valentine's weekend, we are reminded of the price of love.

Negative gearing cap considered by Treasury

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Peter Martin 5:58 PM   Treasury is considering a universal cap on income tax deductions that would apply to negative gearing as well as employment-related expenses such as self education, transport, union fees and work-related clothing.

Leaders are failing to lead on tax: Reserve governor

RBA governor Glenn Stevens: A failure of leadership.

Gareth Hutchens 5:09 PM   The Reserve Bank governor has warned that Australia's political leaders are still failing to explain to voters why the standard of living they enjoy will not last without serious tax reform.

Time to slaughter some sacred tax cows

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Simon Letch colour cartoon / illo / illustration / toon / artwork

smh news

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Scott Phillips 4:18 PM   There's something in this to offend everyone, but then, who's ever welcomed tax increases other than those that apply to other people?

Business tax cut not the answer, says RBA

RBA governor Glenn Stevens and deputy Philip Lowe before the house economics committee in 2015.

1:56 PM   A lower corporate tax rate is not the "silver bullet" that will slay Australia's low-growth gremlins, the Reserve Bank says.

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Tourism sector cheers Chinese New Year

China is now the biggest international market for tours of the Sydney Opera House.

Jamie Freed 12:45 PM   For tourism operators catering to the rapidly growing Chinese market, it has been a very good week.

Morrison's tax change: From the poor to the rich

Treasurer Scott Morrison modelled tax changes that would see the rich benefit at the expense of the poor.

Peter Martin 7:56 AM   The most shocking thing in the treasury analysis delivered to Scott Morrison on January 25 isn't the finding that a cut in income tax funded by a lift in the goods and services tax would boost the economy not at all.

How to make the rich pay more tax

Jessica Irvine dinkus

Jessica Irvine 7:49 AM   The problem with a lot of rich people is they didn't get all that money just by toeing the line and playing by the rules.

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Coal project could scare off Indian investment: Minister

Adani Enterprises plans to build Australia's largest coal project in Galilee Basin have been beset by controversy and ...

Matt Wade 12:26 AM   Indian investment in Australia could be deterred if obstacles to the giant Adani Enterprises coal project in the Galilee basin are not overcome.

Jobs market expanding, but not as the ABS sees it

Growth in healthcare jobs is helping to drive down unemployment rate.

Mark Mulligan 11:13 PM   Australia's labour market is not expanding as quickly as official figures suggest, according to HSBC, but jobs growth in service industries is more than compensating for the the mining downturn.

Call for death tax on 'super rich' families

Charitable giving in Australia from the rich is low compared to Britain and America.

Nassim Khadem   Tens of thousands of 'super rich' Australians would feel the burden of a new death tax, according to Community Council for Australia chairman Tim Costello.

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$440,000 to model tax, but the results shouldn't be taken literally

Senator Arthur Sinodinos says the results will be released soon.

Peter Martin   The government is paying private consultants $440,000 to model the effects of tax changes in an exercise the head of the Treasury says shouldn't be taken too literally.

No more Mr Nice Guy: Tax Commissioner

Australian Tax Commissioner Chris Jordan says there is no intention to move large numbers of public servants away from ...

Nassim Khadem   Tax Commissioner Chris Jordan has vowed the ATO is prepared to take more companies to court.

Consumer mood up before turmoil

Not sold: Survey respondents are doubtful about whether to buy a house now.

Mark Mulligan   Consumer confidence has rebounded, according to the latest Westpac-Melbourne Institute sentiment survey. However, the report fails to take account of this week's market tumult.

Fed has a chance to turn the tide tonight

Questions to answer: Janet Yellen at a congressional hearing last year.

Mark Mulligan   Two months is a long time in financial markets, and no-one is more aware of this than US Federal Reserve chair Janet Yellen.

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Tax modelling out soon, but treasury boss says you shouldn't rely on it

Treasury secretary John Fraser said modelling prepared for the government to help guide the tax debate was "useful in ...

Peter Martin   Treasury secretary John Fraser has played down the reliability of economic modelling due to be released by the government to help guide the tax debate.

Market plunge is an example of 'heard' mentality

Malcolm Maiden

Malcolm Maiden   The world is not as sick as the global bank share rout suggests.

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Federal inquiry asks: is there too much scrutiny of the ATO?

Tax Commissioner Chris Jordan thinks too much time and money is wasted answering questions about his agency's performance.

Nassim Khadem   A federal inquiry will examine whether there are too many bodies scrutinising the Australian Taxation Office, after repeated public complaints by Tax Commissioner Chris Jordan.

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Don't bet on genuine tax reform

Michael Pascoe

Michael Pascoe   It's possible that Malcolm Turnbull and Scott Morrison might have a cunning plan to unleash genuine tax reform – but you certainly wouldn't bet on it.

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India eyes stronger economic growth

India's GDP data has been under scrutiny since last January when statisticians unveiled new methodology they say better ...

Rajesh Kumar Singh   New Delhi forecast that GDP growth for fiscal year 2015-16 would accelerate to 7.6 per cent from a revised 7.2 per cent a year earlier.

Why the sharing economy needs regulation

Taxi drivers on strike stand next to their cars as they demonstrate in Paris.

Looking back on 2015, it's pretty clear this was the year the sharing economy really took off in Australia.

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Turnbull's tax two-step: focus shifts to super, rental properties

Prime Minister Malcolm Turnbull during question time on Monday.

Longstanding tax breaks for superannuation contributions and investment properties are in the frame as the Turnbull government scrambles for alternative revenue sources to fund vote-winning income tax cuts in the next election.

Jobs ads up 1% in January

Employers were hiring again in January after a lull in December.

Job advertisements in newspapers and online resumed their growth in January after a brief pause the month before.

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Health, education crying out for attention

Health care and social assistance is Australia's biggest industry, accounting for almost 13 per cent of all jobs.

If the tax system and industrial relations aren't high priorities on my reform agenda, what does deserve to be at the top of the list? It's obvious: health and education are crying out for attention.

Blockchain and how it will change everything

ASX chief executive Elmer Funke Kupper says blockchain could change "everything".

This technology has everyone from Richard Branson to Glenn Stevens talking.

Malcolm Maiden

Turnbull's NBN is rolling according to plan – the new plan, that is

Malcolm Maiden.

On its own terms, the Turnbull government's national broadband project hits its marks in the December half.

Peter Martin

RBA dons rose-tinted glasses

Peter Martin dinkus

The Reserve Bank reckons things are on the up and up.

Forget Davos, go to the tennis

Harold Mitchell.

We are laconic and laid back. Perhaps a little too laid back for our own good.

'We should all fear Oilmageddon'

Traders of crude oil and natural gas: A global recession, triggered by lower commodities prices, would leave nowhere to ...

Tracy Alloway   Markets are in a well-oiled "death spiral," analysts at Citigroup say.

Euro zone cuts growth forecast

The growth estimate for this year is a slight downward revision of the 1.8 per cent seen in the last set of forecasts in ...

Jamer Kanter   Euro zone growth will slightly accelerate this year and next, but the pace will be slower in 2016 than previously forecast.