Today
Indigenous businesses close gap but black cladding distracts positives
It’s crucial that we maintain public confidence in the integrity of Indigenous procurement when it comes to questions about “black cladding”.
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by Supply Nation
Yesterday
Lower tariff for Australia in next Trump plan
Australia faces a potential tariff of between 2 per cent and 8 per cent on the $30 billion of exports sold to the United States, such as beef and pharmaceuticals.
Dutton’s knee-jerk politics on Ukraine
Readers’ letters on Peter Dutton’s rejection of Australian troops in Ukraine, Donald Trump’s tariff trade war and Atlassian co-founder Scott Farquhar’s views on the mining industry.
Australia must keep its hands clean and walk the talk on free trade
The government is right to reject retaliatory tariffs: international trade and investment are simply too vital to the Australian economy for this to be a good option.
Average Aussie worker to ‘creep’ into 37pc tax bracket by 2031
Michael Brennan says tax brackets should be increased every year to eliminate bracket creep and end the federal government’s growing reliance on taxing workers.
This Month
Income taxes to rise to pay for ‘stupid’ policies, warns economist
In an audit of the federal government’s finances, budget watcher Chris Richardson warned projections for spending restraint over the coming years were unrealistic.
Big tobacco calls for tax freeze to combat black market ciggies
Australia’s three largest tobacco wholesalers say the high cost of legal cigarettes is causing smokers to turn to the black market and fuelling a crime wave.
We wasted a $400b windfall, and now we’ll all have to pay
An audit of federal finances finds Australia has never seen rivers of gold like this, but the hangover will be brutal.
Australia is trying to pretend the world hasn’t changed
Trump’s revolution has upended global politics. Neither Labor nor the Coalition has seriously confronted the difficult policy responses required.
Green bank backs electrification, but offshore wind too risky
Clean Energy Finance Corporation chief executive Ian Learmonth says the $33 billion fund has shifted towards supporting household electrification and major poles and wire projects vital to Australia’s green energy transition.
Five years after Covid, Australia is unprepared for next global storm
Neither major party has offered a credible path for “growing the pie”, fixing the budget and preparing the nation’s military for a new era of disruption.
Recession fears | The business driving F1 | Tesla’s Musk problem
We break down an incredible week on markets, explain how super became the poster child for bad corporate governance and take you inside the F1 money machine.
Debt-laden ‘poor state’ Victoria to get GST bailout
Victoria will become a “mendicant state” next financial year, receiving a $3.9 billion boost in GST as Queensland suffers a $2.4 billion reduction in funding.
The typical family is $19,000 poorer since Labor took power: Coalition
In a pre-election cost-of-living attack, the Coalition says the disposable income of a typical family is more than $19,000 lower since Labor came to power.
Dutton softens pledge to ban WFH after anti-woman criticism
Opposition Leader Peter Dutton now says he would like pre-COVID rates of remote work, after saying he wanted public servants back in the office five days a week.
Tax take to hit 19-year high
Veteran budget watcher Chris Richardson forecasts tax receipts will hit 23.8 per cent of GDP this year, the highest since the Howard government in 2005-06.
Australia must get ahead, not get angry, on trade
The real danger of Trump’s tariffs lies in the global economic impacts and global reactions, especially overreactions.
Trump’s tariff shock must shake Canberra’s complacency
If the president’s actions spark a tit-for-tat global trade war the damage to Australia’s economy could be substantial.
Trump’s tariffs hit markets and politics
It is now clear to world leaders and Wall Street that the president’s version of transactional politics includes the blunt reality of universal levies rather than just the threat of them as a negotiating tactic.
How Albanese can fight Trump’s tariffs
Donald Trump’s tariffs on steel and aluminium are more of a political headache for Anthony Albanese than an economic problem for Australia.
John Lee is wrong. Trump has no good reason for trade tariffs
The benefits of free trade remain a lodestar for the economic orthodoxy, and policymakers need strong grounds for departure from that position.
Goalposts shifting as Chalmers’ new merger control regime looms
For dealmakers, every decision now feels like a roll of the dice, uncertain and unpredictable, carrying the risk of landing back where they started.
Inside the sudden exit of a central bank governor
The aggressively nationalist Kiwi central bank boss Adrian Orr deliberately pushed New Zealand into recession. Australian bankers hope his sudden exit will give them some relief.
Cost of ‘loophole’ EV tax break blows out to half a billion dollars
Treasury has dramatically underestimated the lure of the FBT exemption for EVs, with taxpayers losing $560 million per year subsidising 100,000 electric car owners.
Alfred highlights need to fix insurance industry
Readers’ letters on the insurance industry after Cyclone Alfred, Peter Dutton’s nuclear power policy, attacks against Australian Muslims, Donald Trump’s policy and the share market slump.