Published on June 18, 2010 by Technology Slice
The Government says the old tax system has failed to keep pace with the spiralling profits generated by the big miners. The miners believe the new tax is not a tax on “super profits” but on very mild profits. This is how the tax would work. Under the current system, mining companies pay 5 per [...]
Tags: 100 Million, 5 Million, 60 Million, Business Company, Business New, Company Tax Rate, Current System, Depreciation, Effective Tax Rate, Federal Tax, Initial Investment, Miners, Mining Companies, Money, Operating Expenses, Pace, Profits, Royalties, Royalty, Rudd
Posted in General
Published on May 7, 2010 by Technology Slice
Faster Growth And Price Hikes – The Reserve Bank forecasts the national economy to grow at a faster than expected pace over the next two years, with prices also expected to rise faster than previous estimates. The bank says the reduced fiscal stimulus, a possible surge in commodity prices and a construction boom could accelerate [...]
Tags: Commodity Prices, Construction Boom, Estimates, Fiscal Stimulus, Gdp, Gdp Growth, Gross Domestic Product, Index Cpi, Inflation Forecasts, Monetary Policy, National Economy, Pace, Price Hikes, Price Index, Quarterly Statement
Posted in Money
Published on May 2, 2010 by Technology Slice
Big Tax Increase On Miners Earnings – Opposition Leader Tony Abbott has attacked the Federal Government’s announcement to impose a new tax on mining companies as part of its much-anticipated response to the Henry tax review. Companies will have to hand over hundreds of millions of dollars each year under the resource super profits tax [...]
Tags: australians, boom, Cutting Company, Decade, Dollars Each Year, Earnings, Federal Government, Incentives, Infrastructure Fund, Miners, Mining Companies, Mining Industry, Mr Abbott, Opposition Leader, Pace, Parliament, Prime Minister, Profits Tax, Tax Cuts, Tony Abbott
Posted in Money
Published on April 29, 2010 by Technology Slice
House Price Growth Finally Slowing – After a year of surging prices, the pace of growth is finally easing, with the country’s median house price rising 3 per cent in the March quarter — down from nearly 5 per cent growth in the previous three months. According to residential researcher Australian Property Monitors, five interest [...]
Tags: 12 Months, brisbane, Country House, Expiry, First Home Owners Grant, Home Owners Grant, house prices, Interest Rate Rises, Median House Price, Melbourne House, Pace, Researcher, sydney, Three Months
Posted in Money
Published on April 6, 2010 by Technology Slice
Easter 2010 Interest Rate Rise – THE Reserve Bank delivered homeowners the second interest rate rise in 2010 today, and warned Australians to be prepared for even higher interest rates as the economy’s recovery from the financial crisis gathers pace. The decision to increase the official from 4 per cent to 4.25 per cent, again [...]
Tags: australians, Bank Of Australia, Basis Points, Central Banks, Commonwealth Bank Of Australia, Easter, economy, Financial Crisis, Home Lender, Interest Rate Rise, interest rates, Monetary Policy, mortgage, Pace, Rba, Standard Variable Rate
Posted in Money
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