Winding back the capital gains tax discount must be part of a broader tax reform package tackling intergenerational inequity and sluggish productivity, the federal treasurer has been told. The government refused to shut down reports it was considering cutting the 50 per cent discount on investment...
A sharp rise in consumption that caught the Reserve Bank off guard and prompted it to hike interest rates might have been more temporary than permanent, fresh data shows. Household spending fell 0.4 per cent in December – the biggest drop since March 2024 – according...
Australia’s economy is like a car exceeding the speed limit. Or is it an inflating balloon, squeezing up against the inside of a box? Either way, it’s too hot for the Reserve Bank to handle. Fresh data in the coming week will give the central bank more of...
Fresh figures have allayed fears of a tightening in Australia’s labour market, which should rule out the Reserve Bank returning to a major rate-hiking cycle. Australia’s economy added an estimated 21,000 jobs in January, while wages grew by 0.8 per cent over the quarter, according to...
The Reserve Bank governor has called on businesses to help lift Australia’s sluggish productivity growth as she tries to bring inflation under control. Facing a string of questions about the government’s role in driving up inflation at a parliamentary grilling in Canberra, Michele Bullock looked to...
When Spanish Prime Minister Pedro Sanchez revealed plans to ban children younger than 16 from social media, he did so based on a precedent set in Australia. His announcement at the World Governments Summit came two months after an Australian law directing tech giants including Google,...