The resource giants who built the mining boom since 2000 earned $53.8 billion in revenues in the 2017-18 year without paying any tax, according to the Australian Taxation Office’s latest figures. By Rod Myer Overall, one-third of companies with revenues over $100 million, or 710 firms, didn’t pay any tax […]
The budget surplus may remain, but the economy continues to struggle. The fires will have done nothing to improve that. Right now investors and economists are trying to work out just how badly the Australian economy will be affected by the bushfires – a task made slightly more difficult because […]
Lithium-ion batteries have changed the world. Without the ability to store meaningful amounts of energy in a rechargeable, portable format we would have no smartphones or other personal electronic devices. The pioneers of the technology were awarded the 2019 Nobel Prize for chemistry. By Mahdokht Shaibani But as society moves […]
Kristalina Georgieva calls for rethink of economic policies to better help those left behind Raising income tax on the wealthy will help close the growing gap between rich and poor and can be done without harming growth, the head of the International Monetary Fund has said. By Larry Elliott Kristalina […]
It’s been a busy year for the movies, with many of them vying for prominent positions in year-end lists, but one cinematic highlight has continued to dominate the season: “Parasite,” Bong Joon Ho’s sophisticated riff on class warfare and family strife, topped IndieWire’s annual critics survey for best film, director, […]
Low wage growth, tumbling GST receipts, bushfires, drought and a weakening global economy have forced the Morrison government to slash the forecast budget surplus to $5 billion. By Samantha Maiden Treasurer Josh Frydenberg has unveiled the mid-year budget update, pledging the budget remains ‘back in black’ for the first time […]
Frydenberg’s vaunted surplus is a purely political objective – and not something a good economic manager would focus on. By Greg Jericho. At what point can we say a plan has failed? How much longer are we to be subjected to the fallacious belief that a budget surplus is the […]
Tourism authorities have urged holidaymakers to think twice before cancelling Christmas and summer getaway plans due to extensive bushfires across New South Wales. By Claire Wheaton and Adriane Reardon Key points: More than 1 million hectares have burnt across NSW this bushfire season, many in popular holiday destinations South coast […]
Hidden ingredients in imported foods are putting allergy sufferers at risk, new research has shown. By Isabelle Lane Potentially deadly allergens were found lurking in nearly one in two of the imported food products tested by researchers from James Cook University (JCU), a study published in the Food Additives & Contaminants […]
The 0.4% Australian GDP growth for the third quarter was lower than forecast by the Reserve Bank this week. But although it might have caught Martin Place by surprise, it’s no great shock to many close observers of the Australian economy. By Martin Farrer With the retail sector on its […]