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Economy
Treasurer blames ‘misinformation’ for war on tax change
Critics of the government’s capital gains tax changes are being accused by the treasurer of overstating how much extra tax small businesses will have to pay.
Economy
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Economy
Focus on the skills and not on the numbers, inquiry told
Skilled migrants have much to offer Australia, including as a potential ‘solution to the housing crisis’.
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Economy
‘Self-fulfilling’ inflation expectations risk recession
Australia could face a recession if businesses fail to keep their inflation expectations anchored, the central bank has warned.
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Economy
Trust tax changes could mean small business relief
Federal ministers have flagged the government is open to providing rollover support to small businesses and start-ups, amid looming changes to taxes on trusts.
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Economy
Focus on RBA official for verdict on federal budget
Investors looking for clues on the next rates move will pick apart minutes from the Reserve Bank’s May meeting and a speech by the RBA’s chief economist.
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Economy
Mixed results from first post-budget auction weekend
The treasurer and prime minister are doing a sales job on government attempts to boost housing supply as property investors chew budget changes to tax breaks.
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Economy
Climate change risks plenty in infrastructure
A state has been warned climate change-linked weather hazards endanger almost a fifth of the value of major infrastructure assets.
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Economy
Reserve Bank to closely monitor labour figures
New jobs data expected to be steady despite impact of events in the Middle East and inflationary pressures.
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Economy
Labor defends ‘worst Budget in 30 years’
More than half of poll respondents said they would be worse off with this budget while another poll has Angus Taylor as preferred Prime Minister.
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Economy
Coalition migrant cuts plan triggers ire of uni sector
The universities sector, which relies heavily on fee-paying foreign students, says coalition plans to cut immigration would hurt the economy and cost jobs.
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Economy
Australian economy expected to add thousands more jobs
The Australian Bureau of Statistics is forecast to post a positive gain in jobs when it publishes new data, as economists mull over sweeping tax changes.
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Economy
Budget brawl escalates over rival tax cut proposals
The government has conceded its budget is unlikely to win immediate support from voters as Labor and Liberals taking aim at each other’s policies.
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Economy
How housing became a generational Budget battleground
Pitting investors against first home buyers in the name of intergenerational equity, Labor’s fifth budget aims to address young people’s housing struggles.
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Economy
Land levy plan to fund emergency services
A bid to overhaul emergency services funding could result in property owners paying hundreds of dollars for a land tax in one state.
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Economy
Skilled migrants ‘add security to local jobs’ in regional areas
Despite being accused of taking local jobs, overseas migrants create better workforce security and bolster the Australian economy, farming groups say.
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Economy
Coalition’s bracket creep plan to cost tens of billions
The coalition’s economic plan for Australia would hand back more money to workers by indexing tax rates to inflation at a cost of tens of billions of dollars.
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Economy
Skilled migrants critical to ‘sustaining rural service economies’
Leading farming and agricultural groups lobby Canberra to ensure the proper communication is released concerning the viability of migrants in regional areas.
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Economy
Public housing for seniors in NSW gains a major boost
State government moves to build many more homes across the state to cater for the needs of older Australians.
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Economy
Opposition plan has merit but ‘needs work’
Infrastructure spending is necessary for building more homes across the country but the jury is out on plans for migration.
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Economy
‘Uncosted nonsense’: coalition economic plan blasted
Opposition Leader Angus Taylor has unveiled a sweeping economic vision for Australia involving major tax reform and deep cuts to the nation’s migrant intake.
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Economy
Middle ring could be ‘hollowed out’ by tax overhaul
Tax changes in the federal budget will likely shift property investors to new houses in the outer suburbs and inner-city apartments, economists say.