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Government stumbles on banking levy, while banks give standard complaints

Bernard Keane and Glenn DyerMay 23, 20174 Comments

The government initially claimed the bank levy would help financial competition. That rationale has vanished amid questions over how much the levy will actually raise, Bernard Keane and Glenn Dyer write.

Want to know who will pay for the bank levy? (Hint: it's YOU)

Want to know who will pay for the bank levy? (Hint: it's YOU)

Glenn DyerMay 22, 20177 Comments

Banks expect that the government's new bank levy will be a tax write-off, which will reduce the overall impact on the banks by around one-third.

Anti-dumping commission is also anti-deadline and bad for business

Anti-dumping commission is also anti-deadline and bad for business

Bernard Keane and Glenn DyerMay 22, 20176 Comments

If you're a foreign company targeted under Australia's protectionist anti-dumping laws, be prepared to settle in and wait. The bureaucracy responsible for protectionism likes to take it time, Bernard Keane and Glenn Dyer report.

Should we let small country towns die?

Should we let small country towns die?

Bernard KeaneMay 19, 20178 Comments

The government is looking for a sound policy basis for its regional development policy. It might not have much luck with the Productivity Commission.

Back to the future as Hellman and Friedman bid for Fairfax

Glenn Dyer and Emily WatkinsMay 18, 20171 Comment

A bid for Fairfax this morning comes from an old lover of sorts, Hellman and Friedman, advised by Malcolm Turnbull in the fight for Fairfax in the 1990s.

Reserve Bank needs to solve increasingly complex economic growth puzzle

Reserve Bank needs to solve increasingly complex economic growth puzzle

Glenn Dyer and Bernard KeaneMay 18, 20175 Comments

With weak wages growth, a lack of non-mining investment and high household debt, the Reserve Bank will be reluctantly considering an interest rate cut, Glenn Dyer and Bernard Keane write.

Where's the party? Eerie silence accompanies wage falls

Where's the party? Eerie silence accompanies wage falls

Bernard KeaneMay 18, 201730 Comments

Where have all the advocates of wage cuts gone? Australian workers are too highly paid, business insisted for decades. Now wages are falling, and there's silence.

Aussie workers' stagnant wages loom as a major threat to the Turnbull government

Aussie workers' stagnant wages loom as a major threat to the Turnbull government

Bernard Keane and Glenn DyerMay 17, 201714 Comments

With the Reserve Bank expressing concern about employment, don't expect Australia's stagnant wages to improve any time soon. And that's a political problem for the government, as well as an economic and fiscal one, Bernard Keane and Glenn Dyer write.

New York vulture fund tos, fros and backflips on BHP advice

New York vulture fund tos, fros and backflips on BHP advice

Glenn DyerMay 17, 2017

Elliott Management Corporation had been pushing originally for BHP to collapse its dual listings on the London and Australian sharemarkets. Now Elliott has changed its proposal.

Enough with the banks' lies on the levy

Enough with the banks' lies on the levy

Glenn DyerMay 16, 20177 Comments

Big banks will still have enough assets to stay standing in the event of a crisis, despite crying poor over the bank levy.

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