Jim Chalmers has asked Treasury for options to toughen competition laws to protect consumers from big companies with too much market power.
The young speakers at Labor’s national conference had to settle for less than they wanted,but they made their presence felt. The result is a slow burn on policy change.
Treasurer Jim Chalmers revealed plans for an extra $2.4 billion in tax from gas companies in the budget. New documents show Treasury said he should go bigger.
Corporate Australia has warned against new tax rules that would require them to share new levels of global tax information publicly.
Star Sydney’s CEO Robbie Cooke has accused former treasurer Matt Kean of giving no regard for the casino’s 4000 staff when he announced a surprise tax increase proposal. Kean was quick to hit back.
The ATO boss said it took a long time to gather information about the tax leak scandal due to obstacles placed in the authority’s path.
The government faces more pressure on its planned overhaul of gas taxation,with Greens leader Adam Bandt saying producers will benefit rather than taxpayers.
Former NBN Co chairman Ziggy Switkowski has been appointed to lead an independent review of PwC’s troubled Australian operations,with the power to fire people involved in the tax scandal.
Strong tax collections from workers and businesses are improving the budget. But calls are growing for tax reform to save the nation’s finances.
The Senate review of government franking credit proposals has put the issue back in the spotlight.
The franking credit dispute helps the Coalition build an argument that Labor has reneged on commitments not to touch contentious tax policies. Labor has accused it of a hysterical scare campaign.