A tech boss developing Australia’s answer to WhatsApp and Slack is warning start-ups will leave Australia for New Zealand because of Labor’s new minimum 30 per cent capital gains tax.
Prime Minister Anthony Albanese has been smashed with memes made by small business owners across the country, who are slamming changes in the Federal Budget.
THE ECONOMIST: Many hoped to return once the hostilities ceased. As these drag on, however, plenty are casting around for a new, more peaceable bolt-hole. Where are they headed? And will they ever return?
The Federal Government’s changes to capital gains taxes could see small businesses cop a double tax bill if they restructure to cope with the overhaul.
The Reserve Bank of Australia’s chief economist Sarah Hunter has warned entrenched inflation could lead to punitive rate hikes that would spark a recession.
But it doesn’t rule out taking more dramatic steps to ensure domestic supply if Australia’s outlook worsens, amid ongoing disruptions from the Middle East conflict.
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.
Recently I’ve noticed a pattern— not in spreadsheets or rate charts, but in the quiet, honest conversations taking place not only all over Perth, but in homes across Australia. It’s the 2am wake-up.
The mysterious shareholding of Northern Minerals has again raised the ire of Federal Treasurer Jim Chalmers, who has issued yet more disposal orders for the rare earths miner.