ECONOMY

Leaders of states and territories have had mixed responses to the Prime Minister’s proposal to share the responsibility of collecting income tax between the federal and state governments.

There is no need to abandon fiscal equalisation, which has helped protect us from the regional disparities that afflict the United States.

Five new plans released by the CEDA show how the budget could be returned to surplus before the decade’s end.

"Cutting income company taxes also has good effects – it can encourage investment, it can encourage higher productivity, it can encourage more investment from overseas."

Australian analysts have warned that a Trump presidency might spell doom for Australia-US relations. According to an analyst, Trump hardly reflects the values that made America great.

The RBA’s model found that increases in uncertainty of a fairly modest amount are associated with a downturn characterised by lower employment growth, weaker retail sales growth, and a fall in consumer confidence.

The main threat to Australia’s economic future is population growth outpacing infrastructure development, says Infrastructure Australia chairman Mark Birrell.

Context is everything, says Laurenceson. And when it comes to China’s monetary policy, it’s frequently lacking, leading to the wrong conclusions being drawn.

The government’s attack on Labor’s negative gearing proposal was an “extraordinary abuse of economic modelling,” say the Australia Institute.

This week: the Australian economy exceeds expectations, while China continues to worry. RBA Governor Glenn Stevens has reason to smile, Janet Yellen less so.

A report argues that the over half a trillion dollars invested in infrastructure projects in the past decade failed to substantially lift economic output, with the 'margin of error' being as high as 30%.

Morrison has agreed to the acquisition of the land and assets of the Tasmanian Land Company (TLC) to Chinese-owned Moon Lake Investments.

The business community had stratospherically high expectations for the Turnbull Government, but the hype has failed to materialise into positive action.

Matt Barrie’s viral essay on LinkedIn and NSW Premier Mike Baird’s Facebook post awakened the debate on Sydney’s lockout laws. IBTimes Australia speaks to some Sydney bar owners and bartenders about the contentious bans.

The Chinese market did not seem bothered about corruption allegations, which would have sent the values of affiliated firms in western economies south.

As China’s economy expands and shifts from manufacturing to more consumption and services-based industries, Australian firms have the opportunity to tap into its 1.3b large market.

A rise in the cost of credit for lower-quality borrowers - which is how housing bubbles burst - will be a key thing to watch in Australia.

The profitability of Australia's banks, which at one point were worth more than the whole of the European banking sector, may not last as margins are under pressure on two counts.

A cooling property market has pushed renovation costs up by a whopping 8.11% for NSW homeowners.

Studies show that outsiders have a higher likelihood of getting dismissed within the first three years of taking on the job. Evidence further shows that outsider CEOs often fail to deliver the expected turnaround of the organisation.

Prime Minister Malcolm Turnbull questioned whether the benefits of increasing the GST would be worth the difficulties of doing so.

China National Chemical Corporation is pursuing a US$43 billion (AU$61bn) takeover of a major Swiss agricultural firm, Syngenta, marking the largest acquisition ever made by a Chinese company.

Australians are swapping mortgage forms for credit card and personal loan applications, with consumer credit demand rising 9.7 percent in the December quarter of 2015, as compared to the same period in 2014.

Australia should not be complacent about maintaining its top credit rating, which depends on achieving budget repair and a more diverse economy, Treasury secretary John Fraser has said.

After a rocky few weeks for Australian financial markets, China’s latest economic data release should come as a relief.

It’s a world in conflict where people are unsure of the future as income disparity rises and world leaders are discussing key issues at the Davos meeting 2016.

Some of the towns affected by the bushfires in Victoria remain closed and the exact economic damage of the incident is still being calculated.

Annastacia Palaszczuk said she would wait for the government to reach a decision on the suggested Sunday penalty rates changes.

Speaking at the Lowy Institute, Bill Shorten criticised PM Malcolm Turnbull for sticking with Tony Abbott’s climate policy ahead of the United Nations Climate Summit in Paris.