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Australian Businesses Must Show They Deserve Lower Taxes

Australian Businesses Must Show They Deserve Lower Taxes

Rio Tinto [ASX:RIO] CEO Sam Walsh has suggested Australia should follow Asia’s lead in lowering corporate taxes. At 30%, Australian businesses pay some of the highest corporate taxes in the world. But we’re not the worst off by any means.
The post Australian Businesses Must Show They Deserve Lower Taxes appeared first on The Daily Reckoning Australia.

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Iran: The Country Coming in From the Cold

Could a fast train between China and Iran be one of those transport links? Quartz reports that China Railway is proposing such a project.
The post Iran: The Country Coming in From the Cold appeared first on The Daily Reckoning Australia.

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Forget the Australian GDP Growth Figures, They’re an Optical Illusion

It’s a surprise seeing the Australian economy allegedly growing at 0.9% in the September quarter. I say allegedly because it’s hard to believe any official figures anymore. Not when they seem so removed from reality.
The post Forget the Australian GDP Growth Figures, They’re an Optical Illusion appeared first on The Daily Reckoning Australia.

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The Aussie Economy is Already in Recession

So while additional export volumes contributed to headline Australian economic growth, in reality, we sold these additional volumes for less.
The post The Aussie Economy is Already in Recession appeared first on The Daily Reckoning Australia.

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What the Trade Deficit Says About ‘Positive’ GDP Figures

After yesterday’s ‘better than expected’ 0.9% GDP figures, we didn’t have to wait long for some bad news. It took only 24 hours before reality set back in.
The post What the Trade Deficit Says About ‘Positive’ GDP Figures appeared first on The Daily Reckoning Australia.

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