The Federal Government has announced new legislation that will reduce the red-tape burden on businesses and improve Australia’s corporate reporting framework.
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The sovereign debt crisis in Greece has infected the eurozone and will hinder global economic growth, according to Roger Donnelly, chief economist at government credit agency Export Finance and Insurance Corporation (EFIC). Donnelly says because the eurozone comprises 20 percent of world GDP and 16 percent of the world’s importing, any funding problems would cause [...]
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The architect of the mining ‘super’ tax, Dr Ken Henry, has attacked claims that Australia was kept from recession due to a resources boom. The Treasury secretary fronted a Senate hearing yesterday, saying “the suggestion that the mining industry kept Australia out of recession is curious to say the least” and said claims were not [...]
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Recent cuts in the Federal Budget to the popular Export Market Development Grants scheme puts a question mark over SME exporter entitlements for 2009 and 2010, according to capital consultants Business Strategies International (BSI). The EMDG scheme has helped businesses generate more than $5 billion worth of exports, employing some 60,000 Australians for the investment [...]
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The proposed tax on mining super profits is continuing to attract debate at every level, with Ross Garnaut, treasury secretary Ken Henry, small business minister Craig Emerson and opposition leader Tony Abbott all weighing in. Rudd has proposed the tax, originally suggested in the Henry Tax Review, as a measure to share some of the [...]
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Minister for Trade Simon Crean has launched a new website designed to assist small to medium exporters with finding the most appropriate finance options for their business needs. The Export Finance Navigator (www.exportfinance.gov.au) allows SMEs to find independent information on financing options for their exporting activities or international investments through an easy-to-use interface that connects [...]
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As often happens when a successful outcome is achieved, many flock to take credit. When Australia came through the global financial crisis without falling into a recession, the Government claimed the stimulus package was the catalyst, the Opposition said it was the very positive surplus they left behind, while others simply said it was avoided [...]
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I have a wishlist for the export sector for 2010. The first is for rain; while not everybody got it — sadly WA experienced terrible fires — lots fell in Queensland and NSW, which will have a positive effect on our agriculture exports in the coming year. It would be nice to link this with [...]
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Every exporter’s global journey needs some help along the way, whether it’s information, finance, or advice. Fortunately, there are a number of avenues of assistance.
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The US government’s stimulus packages saved 2 million jobs, according to data released by the White House, but the country’s economic future is still uncertain. US President Barack Obama signed off on the $US787 billion stimulus package in February 2009, but the jobless rate still hit double digits during the year. He recently called for [...]
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