Economy

Young Australians amid soaring property prices are increasingly turning towards the stock market for investment, according to economist Tom Piotrowski. The current housing market has made home ownership elusive for …

US President Donald Trump has indicated that he will likely implement tariffs on pharmaceutical imports starting at the end of July. During a recent press briefing, he stated that the …

Treasurer Jim Chalmers has attempted to downplay the significance of recent Treasury advice advocating for tax increases, which was inadvertently shared with journalists. This advice also indicated that the government’s …

Australia’s goods and services tax (GST) system, currently set at 10%, is under scrutiny as experts argue that it needs an overhaul to better meet the nation’s fiscal needs. Introduced …

The Australian dollar has reached its highest point against the US dollar in nine months, positioning it to potentially challenge a peak from September 2024. As of today, the Aussie …

A substantial reduction in interest rates is anticipated today as the Reserve Bank of Australia (RBA) gears up to announce its decision regarding the national cash rate. Following meetings scheduled …

The 90-day ultimatum set by President Donald Trump for countries to negotiate trade deals with the United States is nearing its climax, coinciding with the 12.01am US Eastern Time deadline …

The US economy experienced a contraction at an annual rate of 0.5% in the first quarter of the year, a decline attributed to disruptions from President Donald Trump’s trade policies. …

A prominent Australian accounting organisation, CPA Australia, has proposed the possibility of increasing the Goods and Services Tax (GST) as discussions arise around the tax system reform in the country. …

The Australian Tax Office (ATO) has issued a cautionary message to taxpayers regarding the timing of filing tax returns. It emphasises that being overly organised can lead to potential errors, …