Working Australians - already battling a cost of living crisis - have now been hit with the world s biggest income tax increases. This occurred after Labor came to power.
While the rising cost of living has put a dent in some trends, experts at the OIV, monitoring trade, blamed extreme climate changes for the overall slump in production.
British mining heavyweight Anglo American has powered the FTSE 100 to a new record high after it confirmed it is “reviewing” a takeover bid from its larger Australian rival BHP.
Australians personal income tax burden, already among the highest in the world, grew faster than any other advanced economy last year, as bracket creep fuelled record tax collections.