From inheritance taxes to super concessions: Top economists on how to raise $20 billion per year
The 59 leading economists surveyed were asked to pick from a list of 13 options (many of them identified in the government’s 2022-23 Tax Expenditures and Insights Statement) and reply as if political constraints were not a problem.
The $80 billion question: New ASBFEO inquiry asks if small businesses are locked out of government contracts
The multi-billion dollar flow of taxpayer funds to small business contractors will come under investigation by the Australian Small Business and Family Enterprise Ombudsman (ASBFEO), as the federal government attempts to lock in its new small business procurement target.
SMEs slogged with card transaction fees three times higher than big business, with least-cost routing yet to reach full potential
Australia's smallest businesses are saddled with card transaction fees triple that applied to major corporations and the take-up of cheaper options remains "disappointingly low", according to the Reserve Bank of Australia.
Nearly 700 women-led startups hit by new delays to $11.6 million Boosting Female Founders grant
The Boosting Female Founders scheme is facing fresh setbacks, with the federal government telling nearly 700 applicants not to expect updates before June — an eight-month delay to the program's initial time frame.
Federal budget 2023 is an opportunity to make SMEs cyber secure
As the 2023 federal budget time approaches, we’re calling on the federal government to make a change to enable easier access to key information relating to cybersecurity for small business owners.
“Designed to deceive and confuse”: Afterpay parent company Block considers legal action over brutal shortselling report
Block, the American fintech giant which acquired Afterpay in a $39 billion deal, has "misled" investors on key business metrics and "embraced predatory offerings", according to a new report from infamous shortsellers Hindenburg Research.
Small businesses touched by dozens of recommendations in massive Productivity Commission report
The vast document addresses small business issues in several key moments, calling for decision-makers to reassess the workplace awards system, reconsider how banks finance entrepreneurs, and better share innovative ideas with startups.
Only radical tax reforms can solve our fiscal drag, says former treasury head Ken Henry
The former treasury secretary has declared the Australian taxation system is in “a parlous state” and called for “big bang” tax reform.
Airwallex says helping people was its focus during SVB collapse
Aussie fintech Airwallex spun up a lot of new accounts in the wake of SVB. But it says that helping people was its focus.
“They have supported Canva from day one”: Cliff Obrecht vows to back Silicon Valley Bank if it makes a comeback
Canva co-founder Cliff Obrecht has vowed to support Silicon Valley Bank should it come back from the dead, after the financial institution, which reportedly carried cash deposits for the graphic design titan, suffered one of the most spectacular bank collapses since the 2008 Global Financial Crisis.
Investors turn to Bitcoin and gold after SVB collapse
After a rollercoaster weekend, Bitcoin has rallied by around 20% in the last four days in the wake of the Silicon Valley Bank collapse.
Seeing red: Is this the end of Australia Post’s daily letter deliveries?
After posting a razor-thin profit of $23.6 million in the last six months of 2022, it anticipates a loss for the full 2022-23 financial year — only the second time since being corporatised in 1989.