Australia is missing out on productivity gains because political tension between state and federal governments prevent proper tax reforms, KPMG has warned in its first submission to the Productivity Commission.
The shameful exploitation of a half-billion-dollar government scheme to compensate veterans is another reminder that good intentions are no guard against the extremes of human nature.
Business leaders and economists will demand changes in taxation and planning approvals at Anthony Albanese’s productivity roundtable, but the Prime Minister’s close adviser, former Macquarie chief executive Nicholas Moore, says expectations should be adjusted, with tough decisions on tax unlikely to take priority over housing, energy and education.
Reliance on government leg-ups helps no one and stifles ambition, writes liberal senator Nampijinpa Price
Britain’s Labour government has agreed to take a £17.8bn ($36.9bn) stake in building a nuclear power plant as fears rise that the country’s rush to build wind and solar farms is leaving the grid vulnerable to outages.
The Australian Government’s proposal to tax unrealised gains that will capture agricultural land in super exceeding $3 million is a serious cause for concern to rural Australia.
As Gina Rinehart announced the 3000-strong workforce of Roy Hill and the contractor-driven Atlas Iron would become a single entity, she couldn’t resist handing some advice to the government.
Federal Housing Minister Clare O’Neil has declared it’s to hard to build a home in Australia and has outlined a new plan to push State and local governments to slash red tape.
Green activists will slow Australia’s clean energy rollout and jeopardise Labor’s broader climate goals unless governments consider changing the location of planned renewables zones to accommodate environmental and land rights concerns.
