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Economy

New study destroys claims of company tax competition

A new study from the US discredits the argument that corporate tax rates are falling because of countries trying to lure precious capital. Instead, it's because of multinational tax avoidance.

Commonwealth abandons wealth management, returns to being just a bank

The death of vertical integration continues apace as the Commonwealth moves to demerge its financial advice and wealth management arms.

'Shifting the dial' in Australia means lifting wages, not more 'reform'

The real challenge of economic reform revolves around the relative power of corporations and citizens, not the traditional reform narrative of recent decades that has left people disenchanted.

Jobs data shows how heavily we're relying on health and education

Healthcare and education provided much of the strong jobs growth in 2017, but it's slowed right down this year. Will we see a permanent transition away from these key sectors?

Conservatives no longer care about family values, and their housing policies prove it

For all the right's railing about community values, they sure do make it hard to live in a community.

RBA governor Philip Lowe

Philip Lowe admits wage stagnation 'structural', linked to industrial relations

This isn't business as usual. Australia is stuck with a "structural" problem of low wages growth, the Reserve Bank governor says.

Generation games: how young people are getting more and more screwed

For young Australians, our economy has been becoming more unequal in recent years -- and that's likely to accelerate.

AMP chairman David Murray was formerly on the advisory board of Bux Global

The last dinosaur roars for vertical integration

David Murray's self-interested warnings to the banking royal commission not to go too far would leave Australians at the mercy of a badly warped financial planning industry.

Optus drops the ball on World Cup coverage. But that's privatisation for you.

The fiction of privatised competition was simply so diverse functions could be handed over to cartelised oligopolies.

Tapering jobs growth kills wage growth hopes

The peak of the jobs boom is behind us. If wages haven't started growing strongly by now, they're hardly likely to do so in coming months.