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Minerals Council of Australia chief executive Tania Constable has pushed back against calls by former Australian Competition and Consumer Commission chair Rod Sims for higher taxes on mining profits.
A warrant has been issued for former WA senator Rod Culleton after he failed to appear on charges of giving false information to federal election officials.
The nation’s central bank has reacted to concerns about the pace of interest rate rises with a softer-than-expected decision, lifting the official cash rate 25 basis points to be 2.6 per cent.
The gas industry is predicting a tripling in its bill for tax and royalties after windfall profits brought on by high prices prompted by the war in Ukraine.
Global economies should not give up on corporate tax despite the challenges of collecting taxes from large multinationals skilled at exploiting tax havens.
The Australian share market has resumed its downwards action, with the local bourse closing at its lowest level since June 20 as soaring bond yields continue to press on equities.
After taking a break for the public holiday, the local share market has picked up where it left off - by sinking lower as central bank rate hikes weigh on sentiment.