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AUSTRALIA- Page 5

31% of companies are not paying tax in Australia

The Australian Taxation Office’s (ATO) annual corporate tax transparency report reveals that although large companies contributed a record A$100 billion in taxes last year—a 17% increase—31% of large companies operating in Australia still paid no tax.  The report covers nearly 4,000 large…
6 November, 2024
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$675 million to repair Victoria’s roads

The Victorian Government is launching a $675 million maintenance operation targeting the state’s crumbling regional roads. The major initiative began Monday and will run for nine months, focusing on fixing potholes, reconstructing and resurfacing roads. Key projects include work on major roads…
16 October, 2024
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Rethinking Australia’s Immigration Strategy: A Call for Balance

In recent remarks, Education Minister Jason Clare has acknowledged a troubling reality: Australia’s immigration figures are soaring, driven by a surge of international students, backpackers, and visa overstayers. As the latest Australian Bureau of Statistics (ABS) data shows our population has surpassed 27.1…
25 September, 2024

Good news for motorists: Expected drop in gasoline prices

Motorists can look forward to further savings at fuel stations, as analysts predict a continued decrease in fuel prices. For years, China’s booming economy has driven global oil demand. However, recent forecasts from both OPEC and the International Energy Agency (IEA) indicate…
24 September, 2024

Australia marks 25th anniversary of East Timor service

Today marks 25 years since Australian troops were first deployed to Timor-Leste. Around 5,500 Australian service personnel were sent to Timor-Leste in 1999, the largest deployment of Australian troops since the Vietnam War, after the Timorese voted for independence from Indonesia in…
20 September, 2024

Experts predict no interest rate relief until 2025

Stressed homeowners will have to wait until next year for mortgage relief, according to a polled array of experts. Comparison spoke to 42 experts and economists for this month’s RBA Cash Rate Survey, and every one of them said the Reserve Bank…
20 September, 2024
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