Widespread reform of investing loopholes that overwhelmingly benefit the nation’s wealthiest seems to be a no-brainer.
The Albanese government’s proposed change on franking credits,if it becomes law,will raise only $10 million a year. This leads to the question;why bother?
Having given Labor a black eye in 2019,veteran investor Geoff Wilson isn’t ready to give the Albanese government any benefit of the doubt on its latest proposed tweak to the distribution of franking credits.
Experts are warning past failures at the voting booths with tax promises and a lack of courage will keep necessary reforms off the table at the 2022 election.
The move to unwind its controversial dual-listed structure will make it easier for BHP to make the large-scale acquisitions it might need to offset the loss of petroleum from its portfolio after the Woodside deal.
Allowing the SCG Test to go ahead with spectators puts the city,the state and,possibly,the country at increased risk.
Opposition Leader Anthony Albanese is also stepping up his attacks on Prime Minister Scott Morrison,saying people"see him as fake".
When Mike Callaghan handed his 638-page report on the nation's retirement system to Treasurer Josh Frydenberg in July,it felt as if he were presenting his own newborn for scrutiny.
Negative gearing losses reached $13 billion ahead of the 2019 election but new figures show many voters in key states benefit from the system.
Shareholders are entitled to use the credit to put towards their own tax,or receive a refund if no tax is payable
Scott Morrison says reductions in parliamentary and public service pay aren't on the cards even as CBA economists tip a $155 billion deficit in 2020-21.