Canberra

Income tax will continue to rise, despite $300b of cuts

Income tax will continue to rise, despite $300b of cuts

Oct 29, 2019 — 4.11pmIncome tax will continue to increase as a proportion of disposable household income over the next decade – and as a drag on consumption – despite legislated tax cuts worth $302 billion over the same period.An analysis by Macquarie Securities economists shows that without the tax cuts, income tax would jump…


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Google just beat Amazon to launching one of the first ever drone delivery services

Alphabet startup Wing has secured approval for one of the first ever drone delivery services.The service will officially launch in Canberra, Australia, after securing approval from Australia’s Civil Aviation Safety Authority following a successful trial.Drones will deliver items including coffee and ice cream to homes in the Canberra area, within minutes of them being ordered…


Labor abandons Hayne on mortgage brokers, proposes fee limits

Labor abandons Hayne on mortgage brokers, proposes fee limits

A party source said Labor did not want another pitched battle involving consumers ahead of the election.Already under pressure from self-funded retirees over its policy to end cash refunds for excess franking credits, Labor could ill-afford another campaign claiming that Commissioner Hayne’s recommendation would drive up costs for borrowers, harm competition and strengthen the hand…