Supermarket prices could stay higher for longer following a ruling that Coles misled its customers with non-genuine discounts, according to one retail expert.
One of Australia’s most successful entrepreneurs has slammed Labor’s budget and said they would never have started a global empire under the new capital gains tax rules.
In his first formal Budget reply Opposition Leader Angus Taylor will detail the bold and expensive pledge as One Nation claims credit for coalition’s policy of cutting welfare for migrants.
Shoppers can expect higher prices for longer at the supermarket, experts say, after the Federal Court found Coles misled consumers with sham discounts in a landmark win for the consumer watchdog.
Professional investors suggest growth shares will struggle to find buyers as capital gains could be taxed at more than 40 per cent under Labor’s Budget.
The Federal Budget plan to make property investment less tax-friendly could also leave ordinary shareholders and startups paying more when they sell their respective shares or businesses.
Australia’s biggest footwear retailer Accent Group is banking on the rollout of British sporting goods giant Sports Direct to hit its ambitious sales target of $2 billion by the end of the decade.