Unemployment hits record low, but less people looking for work
While the unemployment figure dropped to 3.9 per cent, only 4,000 new jobs were created and 7,000 people gave up...READ MORE
Business will make a greater contribution to the federal budget even if Turnbull government's proposed corporate tax cuts take place, with new figures showing a crackdown on loopholes and multinational avoidance will increase the corporate tax base.
In a challenge to critics of big business tax reform, PricewaterhouseCoopers partner Paul Abbey said company tax revenues will soar by 22 per cent by the end of this financial year as the government closes down some of the ways large corporations can avoid tax.
Read the full article at the Sydney Morning Herald.