Reserve Bank leaves interest rates on hold at 2pc despite global market volatility
02 Sep 2015
The Reserve Bank has left interest rates on hold at their historic low of 2 per cent for the fourth consecutive month. The lack of action was widely expected, with markets pricing in less than a 10 per cent chance of a change and a recent Bloomberg survey of 27 economists forecast no change. The […]
Read More
Income tax cut raises threat of GST hike
31 Aug 2015
Finance Minister Mathias Cormann has revealed the Coalition’s promised personal income tax cuts will hinge on reducing spending as well as finding alternative revenue sources, raising the spectre of increasing the GST. Senator Cormann confirmed the government planned to take a tax reform package to the next election, saying it had been candid with Australians […]
Read More
Tony Abbott promises ‘have a go’ income tax cuts
28 Aug 2015
Tony Abbott has promised to outline detailed plans for “have-a-go” income tax cuts to address bracket creep in coming months that he will take to the next election. The Prime Minister has endorsed the case for tax relief outlined by Treasurer Joe Hockey earlier this week, declaring the personal income tax system is putting “a […]
Read More
Hockey cannot twiddle the tax levers for some without affecting the rest
26 Aug 2015
Tax reform of the kind Australia needs should not be done in bits and pieces. Any move towards the necessary reform requires considered analysis of how the imposition of taxes can dampen activity or influence spending in certain areas of the economy. It should consider tax rates, tax thresholds and taxation structures, as well as […]
Read More
