 |
|
|
 |
|
| |
|
| Lowtax Network Sites |
| Lowtax Network Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail. |
| Tax News: Global
tax news, continuously updated through the day. |
| Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor. Sponsored by HSBC
Bank International. |
| Law & Tax
News: Daily news and background data on tax and legal developments
for international business. |
| Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation. |
| Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources. |
| US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax. |
| Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers. |
| Offshore Trusts
Guide: OTG publishes news, features and newsletters on the use of
offshore trust structures. |
| TreatyPro: Online
tax treaty resource. |
|
|
| Australia's Fiscal Stimulus To Be Wound Down Gradually |
by Mary Swire, Tax-News.com, Hong Kong
Tuesday, January 19, 2010
In an economic note, Treasurer Wayne Swan confirmed that the Australian
government’s fiscal stimulus will continue to wind down carefully as private
demand recovers in the economy.
His comments came as he was able to report news of improvements in Australia’s
economic situation. Due to the stimulus, he said, unemployment fell slightly
to 5.5% in December 2009, lower than every major advanced economy except Japan.
Swan recalled, in the note, that “the stimulus program was specifically
designed to have its maximum impact in the June quarter of last year and then
gradually phase down.” Some of the measures have already been fully withdrawn,
with the cash stimulus payments taking place at the end of 2008 and early in
2009, while the First Home Owners Boost and Small Business and General Business
Tax Break were completely phased out on January 1, 2010.
He was of the opinion, however, that to “pull the plug overnight on our
pipeline of investment in major highways, rail upgrades, ports, schools and
social housing would hurt consumer and business confidence, push unemployment
higher and hit small business for six.”
With regard to efforts to tackle climate change, he professed that the government
is “determined to provide businesses with the investment certainty they
need by introducing a price for carbon through our Carbon Pollution Reduction
Scheme (CPRS).” The government will therefore be reintroducing its emissions
trading scheme, which was rejected by the Australian Senate last month. Legislation
for the CPRS will be re-presented as soon as Parliament resumes at the beginning
of February.
.
|
|
|
|
| THE LOWTAX LIBRARY
One of the web's largest and
most authoritative business and investment information sources. Alongside
topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
FREE TRIAL NEWS SUBSCRIPTION
Our 16 constantly updated
intelligence reports cover every important aspect of 'offshore' and international
tax-planning in depth, including banking secrecy, the EU's savings tax
directive, offshore funds, e-commerce, offshore gaming and transfer pricing.
Reports are available for immediate downloading or as subscription
services with news pages.
|
|
 |
|
LAWANDTAX-NEWS.COM
