Australian Treasurer Scott Morrison is expected to announce a plan to reduce income taxes when the Federal budget is released today. But the treasurer warns that Australians shouldn’t count on ‘mammoth tax cuts’.
As China’s wealth and power grow, so do its government’s demands on foreign companies and nations wishing to do business there. And when you’re talking about a totalitarian regime like China’s, caving in to these demands is a perilously slippery slope.
Donald Trump has exempted Australia from the steel and aluminium trade tariffs. But not the EU. 25% tariffs on steel and 10% on aluminium now apply against the EU. The US and the EU strain increases. Setting off arguments before the World Trade Organisation.
For all the noise generated over our children being bad at spelling, maths and generally falling behind internationally, we are reminded — every so often — about how our kids are changing the world.
The royal commission’s revelations were disappointing to Malcolm Turnbull. He said on too many occasions, the customer is not put first. Now, Mr Turnbull has advised AMP that they should change their processes.
China has been busy wooing Taiwan’s friends away. And the Dominican Republic caved in to China’s ‘soft diplomacy’ this week. This came in the form of a US$3 billion (AU$4 billion) low interest loan to fund much needed infrastructure in the impoverished country.
The massive increase in US production caught the market flatfooted in late 2014. Oil prices fell off a cliff into 2016, when WTI traded below US$30 per barrel. And it looks like history might repeat.
The punches keep on coming for the Commonwealth Bank of Australia (CBA). Now CBA is facing heat from the Australian Prudential Regulation Authority. Treasurer Scott Morrison expects more executives at CBA will go after the ‘damning’ report by banking regulator.
It was back in February when former Prime Minister Tony Abbott prompted a national debate over immigration. And it seems Former Prime Minister John Howard is not only listening but supporting his successor.
The movers and shakers of Home Affairs and Defence departments have exchanged letters on a proposal to bulk up the powers of the Australian Signals Directorate (ASD). Under the new plan, the ASD would be able to access Australians’ emails, bank records and text messages.
Australia are left without a United States Ambassador, as the US sent their Australian bound ambassador to South Korea instead. And it doesn’t look like we’ll get one any time soon.
When the royal commission comes to an end in a few months’ time, the disgraced financial services industries and their appeals for attention will be ignored. They will no longer have the ear and the favour of the powerful political class.
Governments around the world are determined to do everything in their power to keep this house of cards standing. However, this extraordinary asset inflation and unparalleled income inequality won’t end well.
Enjoy the extra 0.5% of your money the government has decided not to take from you this year. Despite Scott Morrison’s optimistic outlook, the Medicare levy — plus all the new levies the government has yet to dream up — are likely to be back on the table soon enough.
Despite what his own ego might be telling him, Trump cannot dictate the global oil price with a few tweets. However, he does have a large number of levers he can pull to increase supply…
The federal government is pressing to get corporate tax cuts passed this week, in the final Parliamentary sitting before the May Budget. The government is arguing that cutting company tax from 30% to 25% by the 2026–27 financial year, would trigger jobs and wage growth.
In the 100 years since the end of the First World War, despite our best intentions and the wise counsel of the phrase ‘Lest We Forget’, we have forgotten almost everything…
The fallout of the Banking Royal Commission is set to be ringing in our ears for some time to come. Who’d have thought that the big four banks were engaged in systemic deception, corruption and fraud?
Prime Minister Malcolm Turnbull gave a critical speech in Germany declaring a trade agreement would be more than just economics. This comes amid worries of protectionism in the US under US President Donald Trump, and populism in parts of Europe.
China’s most recent naval activity in the Indian Ocean has no doubt sparked the attention of the world; mostly India. The Indian Navy even tweeted to China, leaving a chilling message stating they’re watching the Asian nation closely.
Our second speaker, Tim Murray, had some shocking insights into China’s global political and economic ambitions. But the real bombshell came when an audience member asked him for his thoughts on China’s ‘one belt one road’ initiative.
This cyber espionage campaign targeted government agencies, businesses and critical infrastructure operations. Although no Australian information has been compromised in this attack according to the ABC, the attack targeted hundreds of Aussie businesses back in 2017.
The war on drugs just isn’t working. We’ve already seen this happen with the prohibition of alcohol in America from 1920–1933. And now we are seeing in the prohibition of marijuana.
The warnings came as Trump announced economic sanctions against Russia for enabling the regime of Bashar Al-Assad. It may seem that he’s waffling regarding Russia as he delays the sanctions his party were preparing for, but Trump is taking action in his own style.
It was described as the biggest national security breach in Australia’s history. But after an investigation into the loss of hundreds of sensitive cabinet documents, it’s been decided that no charges will be laid.
Even as talks of a trade war have quieted down, China is already claiming victory. They don’t need to get into an escalating tit for tat tariff war with the US. Their ‘One Belt One Road Initiative’ will cement their dominance on a global scale.
The ATO has been given the powers generally available only to government lackeys in a despotic state. A state where the ordinary expectations of a citizen to be treated fairly having access to an impartial process have been totally discarded.
North Korea opening to diplomatic meetings gives hope that they will attempt to play nice with their neighbours. But their definitive intentions are hard to pinpoint.
Whistle-blowers have made shocking accusations of revenue-raising tactics within the Australian Taxation Office (ATO). Small businesses and contract workers have been among the victims of the ATO’s alleged exploitative practices. Several concerns from business owners were raised about the extent of the ATO’s powers.
The US and China both act as key trading partners to Australia. If the trade war between the two countries escalate further and expands to a global scale, then Australia’s economy may suffer some disheartening costs.