Holiday-home perks under spotlight in ATO clampdown
The tax office is planning to clamp down on holiday home tax deductions, as proposed new rules clarify the criteria for which homeowners can claim expenses.
The tax office is planning to clamp down on holiday home tax deductions, as proposed new rules clarify the criteria for which homeowners can claim expenses.
Unemployment data will give fresh insight to Australia's economy, as major financial institutions release information on the state of play globally.
The latest figures from a crime-ridden territory prove a tough law and order approach is working after a near 10 per cent offending drop, the government says.
Upcoming data will give the Reserve Bank a better sense of whether higher interest rates are required to take the heat out of Australia's economy.
Fewer Australians are expected to seek fresh employment as the market becomes tighter and artificial intelligence technology creates uncertainty.
The capital gains tax discount should be reduced to address economic inequity and make housing more affordable, economists say.
A fresh survey of Australian consumer sentiment doesn't make for encouraging reading as the central bank weighs lifting the cash rate at its next meeting.
Conventional wisdom that low interest rates are a precondition to property booms is not borne out by four decades of historical data.
Australia's labour market remains tight, with limited spare capacity keeping pressure on already-high inflation and shortening the odds of interest rate hikes.
Britpop giant Oasis and Black Friday bargains have helped bring Australia's economy back in tune, adding to the case against Reserve Bank rate cuts.