Categories
Economy Recession

RBA Encourages Business to Borrow

#Borrowing #Economy #HeiseSays The RBA is trying to encourage business to borrow and invest. Doest any trust Philip “Unexpected” Lowe? References https://www.abc.net.au/news/2019-10-29/zero-interest-rates-extraordinarily-unlikely-rba-governor/11651356?section=business

Categories
Economy Recession

The Wage Growth Failure

#Wages #Economy #HeiseSays Wage growth has plunged and the RBA is at a loss to explain why. References Wages growth in Australia: The truth about this viral graph https://www.news.com.au/finance/economy/australian-economy/wages-growth-in-australia-the-truth-about-this-viral-graph/news-story/d75327cfb07c8a961b3688873397bb17

Categories
Economy Recession

Expanding the GST

#Taxation #Economy #HeiseSays Increasing the day to day cost of living….smart! References https://www.news.com.au/finance/work/leaders/calls-to-expand-the-gst-are-shot-down-by-the-prime-minister/news-story/fb3090047d7acc2266270ca3d0e92115

Categories
Economy Finance

Australia’s Small Business Tax Debt

#Taxes #Economy #HeiseSays Australia’s Small Business Tax Debt is growing, while GST revenue is also down. An economic foreshadowing and cashflow issues? References

Categories
Economy Recession

Regional Taxes Rise

#Tax #Australia #HeiseSays The productivity commission is recommending that regional and remote tax concessions are removed, increasing taxes for many Australia. Watch on Facebook Watch on Bitchute References Window closing to oppose axing of tax offset for regional and remote Australians https://www.abc.net.au/news/2019-10-10/submissions-closing-into-changes-to-remote-zone-tax-offset/11591854?section=business

Categories
Construction Economy

Attacking Small Business to Justify the Cash Ban

#CashBan #Australia #ATO Small Businesses are being framed in a negative light to justify the cash ban and the path to negative interest rates. Naturally only by people who would not appreciate the challenges small businesses face. References IBM, Atlassian, Schneider avoided paying the Australian Taxation Office in 2016 https://www.crn.com.au/news/ibm-atlassian-schneider-avoided-paying-the-australian-taxation-office-in-2016-479382 Small business ‘tax gap’ costing […]

Categories
Economy

ATO’s Tax Rebate isn’t working

#ATO #TaxReturn #Taxes It looks like the recent tax rebates are not stimulating the economy as much as hoped because people are using it to pay off debt. An encouraging sign or more evidence that people are getting worried? References ATO’s tax rebate fails to stimulate the economy as Aussie use it to pay off […]

Categories
Economy

Tax $1080 Tax Return Surprise

#TaxReturn #Australia #ATO People are surprised that they won’t get a tax return if they haven’t paid any taxes. Perhaps we need to improve our financial education? References https://www.news.com.au/finance/money/tax/why-scott-morrisons-1080-tax-bonus-may-never-reach-your-bank-account/news-story/46558679e55bd937ba7a72709ba0b241