New 10% royalty put forward as a fix for 'broken' petroleum resources rent tax

Detta inlägg post publicerades ursprungligen på denna sida this site ; Tax McKell Institute report proposes royalty to be paid by all offshore gas projects currently only subject to Australia’s PRRT Chevron and Exxon admitted in Senate testimony they did not expect to pay any PRRT until the mid-2030s at the earliest, says the McKell Läs mer…

Ten companies pay 45% of all corporate tax in Australia

Detta inlägg post publicerades ursprungligen på denna sida this site ; Tax Corporate tax increased by 20% between 2015-16 and 2016-17, rising $7.5bn to $45.7bn, driven by surging commodity prices The federal government is heavily reliant on the fortunes of the big banks, miners and supermarket giants for its corporate tax intake. Photograph: Dave Hunt/AAP Läs mer…

Tax transparency: which companies pay the most and least tax in Australia?

Detta inlägg post publicerades ursprungligen på denna sida this site ; Datablog Australia news The Australian Tax Office has released tax and income details for public and private companies operating in Australia for the 2016-17 financial year. These entities were either Australian public companies and multinationals with an income of more than $100m, or Australian-owned Läs mer…

Payday loan applicants asked to hand over bank passwords, inquiry hears

Detta inlägg post publicerades ursprungligen på denna sida this site ; Business (Australia) Industry group says it has no compliance problem and urges MPs to target unregulated lenders Labor senator Jenny McAllister asked the president of the Consumer Household Equipment Rental Providers Association if it was reasonable to charge four times he value of an Läs mer…

Disgruntled Westpac shareholders vote down executive pay over bonuses

Detta inlägg post publicerades ursprungligen på denna sida this site ; Banking Shareholders vote for first strike, saying cuts to bonuses over banking royal commission were not enough Westpac chairman Lindsay Maxsted pledged to contact shareholders in the next year about executive pay after they voted against it at the AGM on Wednesday. Photograph: Richard Läs mer…

A tax hike on alcohol is the obesity fix Australians need to swallow

Detta inlägg post publicerades ursprungligen på denna sida this site ; Health A tax hike on alcohol is the obesity fix Australians need to swallow The national health impact could be substantial, preventing more than 190,000 cases of diabetes and 16,000 cases of cancer A pint of beer is almost on par with a chocolate Läs mer…

Labor urges crackdown on companies outsourcing work to drive down wages

Detta inlägg post publicerades ursprungligen på denna sida this site ; Industrial relations Brendan O’Connor says collective bargaining needs to be expanded beyond a worker’s direct employer Labor’s shadow industrial relations minister Brendan O’€™Connor says Australian workers are vulnerable to ‘unscrupulous or greedy employers’. Photograph: Daniel Pockett/AAP More needs to be done to tackle employers Läs mer…

Amazon reopens global store to Australians in time for Black Friday sales

Detta inlägg post publicerades ursprungligen på denna sida this site ; Amazon Move comes months after retailer closed global website after the government introduced GST changes Amazon’s decision to reopen its global website to Australians is likely another blow for local retailers. Photograph: Joe Castro/AAP Amazon has reopened its global website to Australian consumers, with Läs mer…