back in check, and what does it get for this? A soft landing and falling profits.
There were no material tax reforms, no incentives to spark business investment and no wide-ranging solutions to counter the growing housing shortage, which threatens the ability of big employers such as Wesfarmers and National Australia Bank to make the most of an influx of new workers. Instead, the government wants more of the same from business. More profits, more taxes, more jobs for Australians, and more help in getting the budget back in the black for the first time in 15 years. The finish line is in sight.For now, the government’s revisions over the past seven months show corporate Australia is flying. Company tax should be up $29.3 billion in 2023-24 and $51.8 billion over the five years to FY27, thanks to higher profits across the economy.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hilton heads to the suburbs and regions as business boomsHilton is bringing its more affordable Garden Inn brand to regional towns and city suburbs as it bets on the tourism boom to roll on and gather momentum.
Source: FinancialReview - 🏆 2. / 90 Read more »
Business sector becomes pessimistic as economy loses momentumSoaring inflation and 11 interest rate rises have pushed business conditions to their lowest level since early 2022.
Source: FinancialReview - 🏆 2. / 90 Read more »
UniSuper invest $1 billion into European mobile towers businessAustralia's fourth biggest superannuation fund, UniSuper – today invested $1 billion to buy a 5 per cent stake in the European mobile towers business Vantage Towers. Vantage Towers is one of the biggest in Europe, with 83,000 sites across 10 countries including Germany, Italy, Spain and the UK.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Jenny Craig’s Australian business calls in administratorsWeight loss company Jenny Craig’s Australian and New Zealand operations have officially folded, just five days after reassuring the public that they were “currently [continuing] to operate and support our clients”.
Source: theage - 🏆 8. / 77 Read more »
Jenny Craig Australia enters voluntary administration after US business files for bankruptcyAdministrators have been appointed to oversee operations for Jenny Craig Australia and New Zealand less than a week after the US company filed for bankruptcy.
Source: abcnews - 🏆 5. / 83 Read more »
Jenny Craig’s Australian business calls in administratorsWeight loss company Jenny Craig’s Australian and New Zealand operations have officially folded, just five days after reassuring the public that they were “currently [continuing] to operate and support our clients”.
Source: brisbanetimes - 🏆 13. / 67 Read more »