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Australia News - Business, Taxation & Offshore




Malmstrom: EU, US Need More Time On Trade Deal

by Ulrika Lomas, Tax-news.com, Brussels

Last updated 8 hours ago | Wednesday, May 24, 2017

EU Trade Commissioner Cecilia Malmstrom has said that the case remains for an ambitious trade agreement with the US, but that both sides "need a bit more time."Read Full Story

 

Australian Banks Count Cost Of New Levy

by Mary Swire, Tax-news.com, Hong Kong

Last updated 32 hours ago | Tuesday, May 23, 2017

Two more of Australia's largest banks have begun assessing the impact of the new bank levy, with NAB expecting an annual hit of AUD350m (USD262.1m) and Commonwealth Bank estimating that the tax will cost it AUD315m a year. Read Full Story

 

 

TPP Nations Agree To Continue Without US

by Mary Swire, Tax-News.com, Hong Kong

Monday, May 22, 2017

The remaining eleven signatories to the Trans Pacific Partnership pact have agreed to seek an accord without the United States. Read Full Story

 

Westpac: We Will Have To Pass On Aus Bank Levy

by Mary Swire, Tax-news.com, Hong Kong

Monday, May 22, 2017

Westpac has said that Australia's new bank levy will cost it around AUD370m (USD275.7m) a year, and warned that "no company can simply 'absorb' a new tax." Read Full Story

 

 

Australian Treasury Promises More Info On Bank Levy

by Mary Swire, Tax-news.com, Hong Kong

Thursday, May 18, 2017

The Australian Treasury has said that it will compile a regulatory impact statement on the proposed new bank levy, following criticisms from the institutions affected. Read Full Story

 

NAB: Australian Bank Levy Is Poor Policy

by Mary Swire, Tax-news.com, Hong Kong

Wednesday, May 17, 2017

National Australia Bank has described the Government's planned bank levy as "poor policy" and warned that it is a tax on every Australian who benefits from, or participates in, the banking industry. Read Full Story