The push by some Australian retailers for the government to apply GST on overseas retail purchases continues in earnest, despite the cost of the proposals.
Flight Centre
The ash clears to reveal sky high prices
In the wake of the volcano travel freeze, airlines are charging rip-off economy-class fares to London. But could the backlash ultimately lead to a discounting frenzy?
Consumers shrug off RBA’s rate hikes
Get ready for a rates rise. The level of rising confidence, taken with solid retail sales for November, good car sales, still strong demand for housing finance and surging overseas travel, have increased the odds of the RBA lifting rates.
SackWatch 8: we track the jobs carnage
Australia’s looming unemployment crisis continues to gather momentum with economists scrambling to re-adjust their jobless forecasts.
With Flight Centre, the shareholders beat the barbarians
There is no more conflicted a transaction as when insiders (specifically, senior management) team with financial backers to acquire a company. That is because management are employed by the very people they are purchasing the asset from. Despite best intentions, it is a conflict that seems impossible to reconcile.
