Treasurer Jim Chalmers has rejected claims of a policy backdown following the government’s decision to offer tax carve-outs for small businesses and startups. The move follows significant public and industry backlash against a broader tax reform package intended to raise $77 billion over the next decade. Mr. Chalmers maintained that the adjustments are consistent with … Read more
Australia’s medical technology sector has sounded a formal alarm over the federal government’s latest budget, warning that proposed tax changes could undermine the viability of health startups. Nine peak industry bodies, including AusBiotech, Bio NSW, Life Sciences Queensland, BioMelbourne Network, and Life Sciences WA, have united to send a joint letter to Treasurer Jim Chalmers, … Read more
The Psychology of Pricing: Why Your Expectations Drive Inflation Inflation isn’t just about the cost of raw materials or supply chain glitches; We see deeply psychological. Economists call this the “inflation expectations” loop. When consumers and businesses believe prices will be higher tomorrow, they change their behavior today. Imagine you are planning a home renovation. … Read more
The federal government is facing pushback from Gen Z and millennial investors following a budget that aims to tackle intergenerational inequality through significant tax reforms. While Prime Minister Anthony Albanese maintains the budget is designed to create a fairer system, younger Australians are expressing concerns that their primary pathways to wealth are being restricted. Changes … Read more