Oil price rise likely to hit consumers with $4 billion headache and absorb benefit of tax cuts

Oil price rise likely to hit consumers with $4 billion headache and absorb benefit of tax cuts

Posted May 15, 2018 13:41:13 Photo: Rising fuel costs tipped to drive up inflation hitting consumers already struggling to deal with stagnant wages. (ABC: Nic MacBean) The surging oil price will deliver the equivalent of a $3.7 billion tax on consumers, according to the big investment bank Morgan Stanley. Key …

Salma Hayek calls for male stars to take pay cuts for equality

Salma Hayek calls for male stars to take pay cuts for equality

Updated May 14, 2018 09:04:42 Photo: Salma Hayek says male actors need to take pay cuts to fix the gender pay gap in Hollywood. (Reuters: Regis Duvignau) Mexican-American actress Salma Hayek, a vocal campaigner against sexual harassment in the movie industry, says male stars should get less pay as a …

Budget 2018: Which electorates will benefit most from the tax cuts? Search the data

Budget 2018: Which electorates will benefit most from the tax cuts? Search the data

Updated May 11, 2018 14:42:20 Regional electorates are likely to be the biggest beneficiaries of the first tranche of the Government’s new income tax cuts, according to an ABC analysis of income data. Under the changes: People with a taxable income of less than $37,000 will receive a tax cut …

Bill Shorten labelled ‘shifty’ as Labor questions the fairness of proposed tax cuts

Bill Shorten labelled ‘shifty’ as Labor questions the fairness of proposed tax cuts

Updated May 10, 2018 17:31:05 The Coalition has revived its “Kill Bill” strategy which aims to damage Labor leader Bill Shorten’s credibility. Key Points: Government revives strategy to attack Bill Shorten’s credibility Labor questions the fairness of the Government’s budget tax cuts Five by-elections looming Mr Shorten will deliver his …

Budget 2018: Bill Shorten to ramp up attack on Government’s tax cuts in reply speech – Budget 2018

Budget 2018: Bill Shorten to ramp up attack on Government’s tax cuts in reply speech – Budget 2018

Posted May 10, 2018 05:42:39 Federal Opposition Leader Bill Shorten is expected to lay out his own plan for tax cuts tonight when he gives his budget reply speech in Canberra. Political debate has been intensifying over the Coalition’s plan to restructure the tax system, which was the centrepiece of …

Victorian Treasurer Tim Pallas disappointed with budget cuts to hospitals

May 09, 2018. Victorian Treasurer Tim Pallas spoke to reporters after Tuesday night’s federal budget and expressed his disappointment with the continuation of cuts to the hospital system. "We will see 330,000 fewer treatments in our hospital system. We will see something like 16,000 less nurses able to be employed," …

Federal budget tax cuts locked in for low and middle-income earners | Australia news

Low and middle-income earners have emerged as the biggest winners from the government’s planned tax cuts, with a dual-income family potentially saving $1,000 a year on their annual tax bill. The measure is part of a three-point plan to overhaul the Australian tax system, with the government flagging its plans …

Tax cuts of $10, surplus in 2019 and billions for seniors

Tax cuts of $10, surplus in 2019 and billions for seniors

AUSTRALIANS on low and middle-incomes are set to receive tax cuts of around $10 a week in today’s Federal Budget, it has emerged. Treasurer Scott Morrison was forced to defend himself against accusations the cuts will only be sufficient for a “burger and milkshake” as he more than doubles the …

Why Trump-style company tax cuts won’t achieve the same results in Australia

Why Trump-style company tax cuts won’t achieve the same results in Australia

By Stephen Grenville Posted May 08, 2018 05:00:00 Photo: Bank profits have benefited hugely the US tax cuts, but there are no extra jobs or investment in Wall Street — only a restoration of fat bonuses and share buy-backs. (ABC News) Do Donald Trump’s recent company tax cuts provide inspiration …

Peter Costello criticises Coalition budget strategy and calls for income tax cuts | Australia news

The former Liberal treasurer Peter Costello says the Turnbull government ought to consider giving tax cuts to the “forgotten people” in Australia who earn around $100,000 and $200,000, saying they haven’t had a tax cut in a decade. He also warned the Coalition government would probably fail to reduce Australia’s …