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Showing 51 - 60 of 259 results for "Tax cuts"

Industry welcomes tax cuts and surplus

KARREN VERGARA  |  TUESDAY, 16 APR 2019
Personal tax cuts and the $7.1 billion estimated surplus announced were the main highlights of this year's Budget, Financial Standard 's latest straw poll shows. More than a third or 35% of participants highly favoured the tax cut proposals ...

Federal Budget: Industry responds

HARRISON WORLEY  |  WEDNESDAY, 3 APR 2019
... wealth industry. The big players are neither up in arms nor full of praise for the Budget, which was headlined by personal tax cuts and a $7.1 billion surplus - Australia's first in 12 years. Industry Super Australia said the changes to voluntary ...

Record tax receipts, record outlays yet back to surplus

ALEX DUNNIN  |  TUESDAY, 2 APR 2019
... interest and dividends. As a result the government has little choice but to return revenue to individual taxpayers by way of tax cuts. Reinforcing this, this financial year tax payments by individuals surged $12 billion being three times the lift in ...

In a nutshell: Federal Budget 2019

JAMIE WILLIAMSON  |  TUESDAY, 2 APR 2019
... fact, more than 10 million tax payers will receive tax relief to the tune of $158 billion - the largest personal income tax cuts since the Howard Government. The tax cuts will benefit those earning up to $126,000 a year. As a result, single income households ...

Chief economist update: China stitches it in time

BENJAMIN ONG  |  TUESDAY, 2 APR 2019
... March this year, FactSet said: "Budget deficit target raised to 2.8% from 2.6% last year with CNY2.0T [US$298 billion] in tax cuts announced, including a 3% cut to top bracket VAT rate. Raised local government special bond issuance to CNY2.15T from CNY1.3T ...

Trump will continue to buoy stock markets: Poll

KARREN VERGARA  |  MONDAY, 1 APR 2019
... "Trump Bump" is having a remarkable effect on stock performance. But it's not that straightforward, it said, noting the tax cuts Trump supported has been a boon for some of the biggest companies on the stock exchange, like Amazon and Apple. This week ...

Chief economist update: A capitalist in communist clothes

BENJAMIN ONG  |  WEDNESDAY, 6 MAR 2019
... Factset for this synopsis: "Budget deficit target raised to 2.8% from 2.6% last year with CNY2.0T [US$298 billion] in tax cuts announced, including a 3% cut to top bracket VAT rate. "Raised local government special bond issuance to CNY2.15T from CNY1.3T ...

Chief economist update: Trump trumps Fed

BENJAMIN ONG  |  TUESDAY, 29 JAN 2019
... Trump's unpredictability. Case in point, the Fed was on its way towards normalising monetary policy aided by Trump's tax cuts and infrastructure spending that, in turn, was expected to bump up global growth and support developed country central ...

Chief economist update: US consumer sentiment cops bullet

BENJAMIN ONG  |  MONDAY, 21 JAN 2019
... 12% contribution). Sure, the continued strength in the US labour market and the boost to personal income (due to the tax cuts) should provide US consumers the wherewithal to keep on shopping. That, or as Richard Curtin declares, US consumers "now sense ...

Chief economist update: Crude oil to the rescue

BENJAMIN ONG  |  THURSDAY, 17 JAN 2019
... markets, most of which are largely oil-dependent. Lower oil prices are, net-net, positive for growth. They are de facto tax cuts or interest rate reductions in that they raise household disposable income that, in turn, lifts consumer spending and by ...