The Financial System Inquiry’s Interim Report released yesterday confirms what we already know – Australia’s tax system is broken as it encourages risky leveraged and speculative investment that will one day come back to bite Australia hard and “compromise the speed of a subsequent recovery in economic activity”. The report …
It’s the age old question that’s bound to attract heated debate from those with vested interests. Is it cheaper to rent or buy? The bulk of comparisons have, to date, been flawed – deliberately – to swing the outcome in the way the author so chooses. A cursory glance normally …
A crackdown of money laundering in China is expected after the predominant state owned CCTV (China Central Television) aired undercover footage showing the Bank of China offers these services for a fee during a 20 minute bulletin. A Business Spectator article republished in The Australian reports: “We don’t care where …
The negative gearing debate is back in the media. On Monday, the ABC’s Michael Janda warned everyone will lose in the long run when our investor lead property bubble bursts. (‘Few positives to be found in negative gearing‘) Today, The Business Spectator’s Callam Pickering is singing the same tunes (‘Why …
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