Treasurer Scott Morrison is planning to impose a tax on interbank transactions according to banking sources. Michael Mucci
20 May, 2017, 03:07
The Treasurer has already warned them not to pass it on to consumers, and noted that if they do then the rest of the banking sector would get an advantage.
'I'm uneasy about it, and I understand banks do pay company tax. but the arguments against the mining tax applied by Wayne Swan can be applied here with equal force, ' the former prime minister told a post-Budget forum in Melbourne on Wednesday.
The 2017/18 budget projects a return to balance in 2020/21, improving from a deficit of $29.4 billion to a projected surplus of $7.4 billion within four years.
Morrison outlined plans to deliver A$75 billion in infrastructure funding and financing over the next years as the base of Australia's next growth wave.
Running parallel to the Government's nation-building programs is the concentration on health, with a $10 billion spending increase over four years, in part to counter the risk of Labor again use the policy area to attack the Coalition.
"We understand that many other Australians feel frustrated that they're not getting as ahead in the way they would like to".
A 0.5 percentage point rise in the Medicare levy from mid-2019 will cost a worker on $80,000 about $400 extra a year to fund the national disability insurance scheme.
"Small business owners are out there fighting for growth in their businesses every day".
Along with Prime Minister Malcolm Turnbull, Mr Morrison has crafted a Budget created to reframe political conversations in this country between now and the next federal election in 2019.
"Levies like this are common right around the world", Mr Turnbull said.
In a surprise move, the Turnbull Government will bring back a trial on drug testing welfare recipients.
The Turnbull Government announced the end of the troublesome Medicare rebate freeze which has been forcing up the cost of GP visits and threatening the spread of bulk billing.
The extra funding will be paid for by a $2.8 billion hit to universities over the next two years. The budget pledges $8.4 billion in equity to the Australian Rail Track Corporation to pay for the project that it forecasts will generate 16,000 jobs at the peak of construction.
$216.6 million over four years cut from funding for aged care - a cut of around $1670 per resident per year. It would mean that it would be taxed at 15% rather than the marginal tax rate, and when the money is withdrawn, it is taxed at marginal tax rates less a 30% offset.
Older Australians will be encouraged to downsize by being able to make a non-concessional contribution of up to A$300,000 into their superannuation fund from the sale of their home.
They also remain in the dark over which commercial activities will be captured by the tax.
According to The Australian, one way in which the mooted scheme could be introduced is through comparing a national register of foreign owned land which is being constructed by the Australian Taxation Office with water usage levels kept by each state to determine which properties are both (a) owned by foreigners and (b) also sitting vacant.
Clinton said her campaign was on track to win the election until Comey sent the letter to Congress on October 28. May 2, 2017: Clinton again lays part of the blame for losing the election on Comey's October 28 letter.
Yasin Malik challenged the Indian media to prove whether he has bought any property in the name of freedom movement. When Yasin Malik asked about her coming without an appointment, she told him that they can wait outside.
Oil cartel OPEC are due to meet later this month, which could see an agreement to sustain oil cuts to help raise falling prices. A third Asian refiner is getting contracted volumes for June, steady from the previous month, a separate industry source said.
Newsham said that Tuesday's scuffle wounded 11 people and one police officer, with nine receiving treatment at local hospitals. He exits the black Mercedes and stands next to the open door, peering through a group of trees as the chaos unfolds.
The latest virus attack last week exploits a flaw in a version of Microsoft Windows first identified by U.S. intelligence. CyberDome, a wing of technical research has been formed by the Kerala police after foreseeing the Ransomware attack.
The 1998 impeachment of Bill Clinton, which led to a failed removal vote in the Senate, left Democrats with bitter memories. Mueller will have the ability to hire a staff and request a budget from the Department of Justice.
American authorities have prepared charges to seek Arrange's arrest, CNN reported, citing US officials familiar with the matter. She was freed Wednesday, having had her sentence commuted by former President Barack Obama before he left office.
Mark Warner, the top Democrat on the Senate Intelligence Committee, said he is determined to press forward with public hearings. He said he respected the special counsel appointment but also said it "hurts our country terribly".
In other words, if people had simply stayed on top of security updates , their machines would not have been infected. Lastly there are, of course, the attackers, who kidnapped precious data and demanded ransom be paid.
G7 keeps watered-down pledge to promote free trade
Trade issues are likely to be taken up at a G-7 leaders' summit on May 26 to 27 in Taormina, Sicily, that Trump will attend. The group's agreements aren't legally binding; instead, they represent the leaders' political commitment to follow through.
Supergiant cruise into IPL final
It is not an easy thing to match a better player in the absence of Stoke. "It has been helping me personally as well". Because the RPS surge up in the top four place in the IPL 2017 points table with his batting and bowling ability.