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John Kehoe

Today

Even government sources point out that urban areas have suffered from bank closures as well.

Home borrowers will pay for the rural bank branch levy

Treasury has come up with a radical but rushed plan to make all banks fund those with the biggest rural businesses. But there is no guarantee that it will work.

  • 31 mins ago

Yesterday

ATO second commissioner Kirsten Fish will appear at CFO Live.

Tax Office tells CFOs to question their lawyers and accountants

Businesses should learn from the PwC tax scandal by testing the tax advice of accountants and lawyers to avoid being shamed in public, the ATO says.

This Month

Based on assumptions circulated by Treasury last week, Macquarie would pay up to $75 million under the proposed system.

Macquarie could pass on bank levy to home borrowers

Banking disrupter Macquarie would jack up interest rates on mortgages or even leave the retail market altogether under a rural service proposed levy, an analyst says.

A CBA ATM in Hay, NSW, on Sunday. CBA has put a moratorium on closing any more regional branches.

Macquarie, Westpac and CBA big losers from $350m rural bank levy

Confidential details shared with industry participants show the size of the cost to the biggest lenders as Treasury attempts to keep regional branches open.

  • Updated
The levy could cost some banks “tens of millions of dollars” each, industry sources said.

Banks face new levy to keep rural branches open

Banks would pay a levy of up to tens of millions dollars each a year if they fail to keep a large enough presence in regional and rural areas.

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ACCC chair Gina Cass-Gottlieb lobbied for the chnages.

Merger shake-up gets Coalition’s blessing

The opposition will support the federal government’s biggest overhaul of the laws in 50 years, after lobbying from the ACCC’s Gina Cass-Gottlieb.

Forcing Chinese businesses off American stock markets will have a significant and direct impact on the wealth of China and the value of its companies.

Not everyone believes that a US-China trade war will smash Australia

Former BHP economist Huw McKay believes that the iron ore price will not necessarily suffer. The costs may come elsewhere.

Our experts deliver their verdicts on Jim Chalmers’ first budget.

Chalmers sets up $900m productivity fund

Treasurer Jim Chalmers’ new fund will offer incentive payments to streamline building approvals and enact other pro-productivity reforms

Stockland’s joint venture partner, Bangkok-based Supalai, waited since last December for the green light from federal regulators to control 12 Lendlease estates.

How a year-long wait worsens the housing crisis

A near 12-month wait for a Thai property developer for approvals to buy housing estates could deter other foreign developers, warns adviser Joseph Gersh.

Treasurer Jim Chalmers (left) has laid out what a second Trump term may mean for Australia.

The numbers that show why Chalmers fears a US-China trade war

A US-China economic split would disrupt global trade and undermine Labor’s plan to ramp up the export of green metals and hydrogen, Treasurer Jim Chalmers says.

  • Updated
ANZ has posted an 8 per cent fall in cash profits, below what had been expected by the market.

ANZ Bank and Chalmers nearing deal to offset China

Negotiations are in the final stages for the federal government to support the bank to remain in nine Pacific countries, under a plan to secure its presence in the region.

Even if China resorted to fiscal stimulus, it was still highly likely that Chinese economic growth would slow due to trade restrictions.

Trump’s China tariffs ‘could bring forward RBA rate cuts’

While KPMG has warned a global trade war could force the RBA to lift rates, other analysts think Trump’s tariffs could push inflation lower in Australia.

The policies of US President Donald Trump have boosted US manufacturing.

The economy and markets will boom under Trump. Or will they?

If the president-elect implements half of what he says he will, the global economy is in for a wild ride.

Reserve Bank governor Michele Bullock.

Trump trade war could force the RBA to jack up rates

KPMG modelling shows that inflation could take off if China retaliates against Donald Trump’s tariffs, while Australia’s mining sector could suffer a $12b export hit.

  • Updated
Reserve Bank governor Michele Bullock will need to factor in higher US inflation.

Trump win means higher interest rates and weaker Australian economy

Donald Trump’s inflationary tariffs could keep interest rates higher for longer and hurt Australia’s trade with China, investors and economists are betting.

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Cancelling loans penalise non-graduate taxpayers and those who repaid debt diligently.

The silly season for bad policy has started

Previous governments went for hard and unpopular reforms. Anthony Albanese chooses the easy and populist.

Former Treasury secretary Ken Henry.

Taxing fossil fuels better than Future Made in Australia, Ken Henry says

The proposal backs a similar fossil fuel export tax on commodities such as coal and gas put forward by former Hawke Labor government advisers Ross Garnaut and Rod Sims.

Reserve Bank governor Michele Bullock.

RBA thinks the jobs market is too strong to cut interest rates

A rate cut before the federal election now looks like only a possibility and not a done deal, putting the government and opposition on notice to be mindful of spending.

Economist Geoff Carmody has passed away.

Vale ‘one of a kind’ economist Geoff Carmody

Access Economics co-founder Geoff Carmody worked on economic policies for John Hewson, John Howard, Kim Beazley, Mark Latham, Tony Abbott and Steve Bracks.

A Business Council campaign promotion from the 2016 US election.

Trump win would pressure Australia to cut 30pc corporate tax rate

Competition between nations on business taxation and investment will be heavily influenced by the US election outcome.

Original URL: https://www.afr.com/by/john-kehoe-j7gcg