The entire taxation arrangement around electric vehicles (EVs) is a reverse Robin Hood scenario, as it takes taxes from the poor to give to the rich. Michael Read at The AFR reported that the cost of the Fringe Benefits Tax (FBT) exemption for EVs has “blown out thirteenfold, and the benefits are disproportionately flowing to
Analysis from the OECD, published in The AFR, shows that Australia ranks second-last among wealthy nations in terms of productivity growth since the COVID-19 pandemic. EY’s chief economist, Cherelle Murphy, says the decline is partly attributable to “capital shallowing”—the fact that local companies are not investing enough capital in new equipment to match the growth
The concept of fairness plays a crucial role in shaping the collective consciousness of Australians and shaping our national identity. From the days of Simpson and his donkey delivering wounded diggers to safety from the fires of the Ottoman guns at Gallipoli over a century ago to the present day, much of how our nation
Everything I have written about Australia’s student-migration scam has been confirmed by the latest study on the international education sector by Jobs & Skills Australia (JSA). JSA openly acknowledged that most international students come to Australia primarily to work and live, rather than for educational purposes. Nearly 70% of international higher education students reported migration
Following the release of the monthly CPI for August, headlines about skyrocketing electricity prices began to circulate, highlighting the 24.6% year-on-year increase in electricity costs. While that is certainly true as measured by the CPI, the reality is quite a bit more complicated, and the headline rise in power prices is going to worsen significantly
In the early 2010s, the federal Labor government made the disastrous decision to allow the export of liquefied natural gas (LNG) from Queensland without forcing gas companies to first supply Australians. Gary Grey, the then-Federal Resources Minister under the Gillard/Rudd Labor governments, argued that domestic gas reserve policies create uncertainty and discourage investment. This pitted
From the Market Ear: Mighty NVDA NVDA takes out resistance levels, breaking above the consolidation that has been in place since mid July. Weak hands have been shaken out, so we could be seeing a short-term vacuum kick in… Will… …NVDA lead us higher, or ORCL lower? De-leveraging Last week we saw US Fundamental L/S
On Tuesday, the Australian Bureau of Statistics (ABS) released dwelling approvals data for July, which showed 15,624 trend approvals for the month, down 1.0% from July. Approvals remained 4,376 (22%) behind the National Housing Accord’s five-year objective of 20,000 dwellings per month. In the year to August, 189,105 dwellings were approved for construction, which was
Cotality has released its September housing market report, which contains more bad news for renters. The national rental vacancy rate has fallen to a fresh record low of only 1.4%, according to Cotality, which has driven a reacceleration in rental growth. “The national vacancy rate slipped to a new record low of 1.4% in September,
AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225
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