Australia's fiscal outlook has been reviewed by the International Monetary Fund and ranks third in the world as a percentage of GDP. This comes from an underlying liquidity surplus of $15.8 billion (0.6 percent of GDP) for 2023-24, followed by a surplus of $22.1 billion (0.9 percent of GDP ) in 2022-23.
If Kamala Harris wins the White House, she has put forward proposals to cut taxes for most Americans, stop price gouging by grocers and build more affordable housing. In her first major economic speech as a Democratic presidential candidate, Harris promised to introduce a new child tax credit for families with young children, tax cuts … Read more
David Michael appears to have deprived Western Australia's struggling lithium mining companies of the opportunity to receive tax relief in the near future. Tony Ottaviano, the boss of Australia's newest lithium mining company Liontown Resources, called on the state government on Tuesday to consider accelerating royalty reductions for lithium producers as the price of the … Read more