Tax trust targets online salesThe tax office is targeting online sales, including sellers using eBay and The Trading Post.
The Australian Tax Office (ATO) says it is launching a premises matching program that will target people who have sold more than $20,000 in merchandise or services in any of the last three financial years.
It is notification [...]
Chinalco and Rio take delight in iron grip
CHINA has hailed the $5.5 billion west African iron-ore venture betwixt its state-run Chinalco and Rio Tinto as a "muscular union".
The companies are planning to begin mining the weighty Simandou iron-ore deposit in Guinea, which Rio believes is the universe’s "single-best" undeveloped deposit of iron ore, by 2016.
"We [...]
‘No blame hike’ on soft inflation numbersA surprisingly soft inflation number has entirely but ruled out the chance of an interest rate hike nearest week.
The ABS Consumer Price Index’s headline figure rose 0.6 through cent in the June quarter compared with the previous quarter – that was well in the regions of the dead the [...]
Rates hiked in the same manner with India fights double-digit inflation
INDIAN interest rates have been hiked in the same manner with the nation's central bank battles to quell double-digit self-sufficiency in the booming economy.
The Reserve Bank of India raised its high sea lending rate by 0.25 percentage points and its borrowing appraise by a larger-than-expected [...]
Housing ridicule in the US lifts stocks
THE Australian sharemarket extended recent gains yesterday in relation to Wall Street rose again following stronger new-home sales data in the US.
As well, global advancement bellwether FedEx upped its earnings guidance.
Banks generated much of the vigor locally, with Westpac outperforming after raising $3 billion in the contract market, while [...]