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Your noon Briefing: Labor to back PM’s tax cuts

Welcome to your noon digest of what’s been making news and what to watch for.

Hello readers. Here is your noon digest of today’s top stories and some armchair travelling you can linger over during lunchtime.

11/10/18 Shadow treasurer Chris Bowen MP speaks during a press conference at the Australian's outlook conference at the Grand Hyatt. Aaron Francis/The Australian
11/10/18 Shadow treasurer Chris Bowen MP speaks during a press conference at the Australian's outlook conference at the Grand Hyatt. Aaron Francis/The Australian

Labor backs PM’s tax cuts

Labor will back a federal government move to bring forward tax cuts for companies with annual turnovers less than $50 million. Those companies will have their tax rate cut to 26 per cent in 2020/21, then 25 per cent the following year, under legislation that will be introduced to parliament next week.

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View of the SRC F-35 jet from above. Picture: SUPPLIED
View of the SRC F-35 jet from above. Picture: SUPPLIED

F-35s grounded in US

The Defence Department is yet to confirm if Australia’s new F-35 strike fighters have been grounded as part of a US ban on flights by the jets following investigations into a crash last month. The grounding was reported to be in response to concerns the aircraft may have a faulty part related to fuel supply.

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Hail damage to Fiona Simpson
Hail damage to Fiona Simpson

Battered and bruised

A Queensland woman has shared confronting pictures of her battered body which is covered in bruises after she tried to shield her baby from hailstones as supercell storms ripped across southern Queensland. A major clean-up operation is under way today after a tornado and severe storms swept across southern Queensland, tearing roofs from properties and destroying crops on the eve of harvest season.

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Song Saa Resort, Cambodia Image supplied
Song Saa Resort, Cambodia Image supplied

The light read: The resort report

Our writers share some of their favourite hideaways, from minimalist wonders to those favoured by kings.

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Comment of the day

“Good on Kanye for standing up for his President and his country and special congrats for rendering President Trump speechless, now that takes some doing!”

Terryd, in response to ‘Kanye West leaves President Donald Trump speechless in surreal White House scene’.

Jason Gagliardi

Jason Gagliardi is the engagement editor and a columnist at The Australian, who got his start at The Courier-Mail in Brisbane. He was based for 25 years in Hong Kong and Bangkok. His work has been featured in publications including Time, the Sunday Telegraph Magazine (UK), Colors, Playboy, Sports Illustrated, Harpers Bazaar and Roads & Kingdoms, and his travel writing won Best Asean Travel Article twice at the ASEANTA Awards.

Original URL: https://www.theaustralian.com.au/news/briefing/your-noon-briefing-labor-to-back-pms-tax-cuts/news-story/f6d1dcf72eac5558bcbb41b305284f4f