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todayMonday, 6 July 2015

FSC calls for 15% GST and 22% company tax rate; Manufacturer underpaid factory worker $16,000: Midday Roundup

The Financial Services Council (FSC) has called for the goods and services tax rate to be increased to 15% and its base broadened, as well as a reduction in the company tax rate to 22% by 2020. by Eloise Keating and Renee Thompson

Aussie dollar falls to six-year low following Greek vote: What it means for your business

A “no” vote in the Greek referendum and a slump in the price of iron ore have combined to send the Australian dollar to its lowest level in six years. by Eloise Keating

Thursday, 2 July 2015

Australia set for a decade of deficits; 200,000 homes and businesses added to the NBN: Midday Roundup

Australia is set for more than a decade of deficits between 2008 and 2019, with Commonwealth net debt projected to peak at 18% of GDP. by Cara Waters and Renee Thompson

Bruce Billson stands firm on competition reform: “I have been pilloried by every big business interest in this continent”

Small Business Minister Bruce Billson has said he will continue to push ahead with reforming Australia’s competition policy, despite intense lobbying from big business. by Eloise Keating

Wednesday, 1 July 2015

Pensioner loses $110,000 in fake ATO scam; Health club owner fined for standing down worker who questioned their entitlements: Midday Roundup

An 81-year-old man from Western Australia has fallen victim to an end-of-financial-year tax scam that cost the pensioner $110,000. by Rebecca Colquhoun and Renee Thompson

Flying pigs and metaphorical guillotines: Seven gems from Peter Strong’s speech to the National Press Club

Business class warfare is “alive and well in Australia”, according to Peter Strong, executive director of the Council of Small Business of Australia. by Eloise Keating

Experts tip mixed economic outlook for year ahead

Businesses are now planning for the new financial year ahead. However, the outlook for small business for the new financial year continues to be uncertain. by Renee Thompson

Wednesday, 1 July 2015

Nine things to know about Greece's IMF debt default

Greece is set to miss the deadline on its €1.6 billion loan repayment due to the IMF, making it the first advanced economy to default to the fund in its 71-year history. by André Broome

The 2014/15 financial year in review: ‘Rebalancing act’ as economy shifts gears

A continued shift away from a mining dominated economy has characterised the past year for small to medium sized businesses, economists say. by Renee Thompson
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