Tax office conned out of $2 billion

The US President Donald Trump has announced that after mediated negotiations in Egypt, Israel and Hamas have agreed to the first stage of his peace plan. 

The US President Donald Trump has announced that after mediated negotiations in Egypt, Israel and Hamas have agreed to the first stage of his peace plan. 

Australian taxpayers will fund a $600 million rescue package so mining giant Glencore can keep its Mt Isa copper smelter running for the next three years. 

The U.S. budget deficit topped $1.8 trillion in the last fiscal year. Meanwhile, both candidates for president are proposing plans that would increase the deficit for years to come. WSJ’s Richard Rubin explains how the deficit got so large and why the candidates don’t talk about ... Show More

In today’s episode of The Daily Voice, Sam discusses the main headlines from the weekend where Moody’s downgraded the U.S. sovereign credit rating from AAA to Aa1, citing rising government debt and a growing budget deficit. 

Wharton professor and faculty director of the Penn Wharton Budget Model, Kent Smetters, examines the fiscal 2025 budget discussions, the proposed extension of the Tax Cuts and Jobs Act, and the challenges policymakers face in balancing tax cuts with deficit constraints. Hosted on ... Show More

Cette semaine analysons les défis économiques de l'Australie avant l'annonce du budget fédéral, en abordant les prévisions de déficit, les élections fédérales et l'impact de la guerre commerciale mondiale. 

Early estimates say the GOP’s tax bill will add $3.8 trillion in deficits over the next 10 years. (This, despite President Trump’s insistence on shrinking the national debt.) But amid economic instability caused by the trade war and federal spending cuts, will the bond market sna ... Show More

P.M. Edition for April 25. WSJ chief economics correspondent Nick Timiraos considers the economic consequences of how the central bank’s relationship to the White House is perceived. And economics correspondent Harriet Torry looks at the latest drop in U.S. consumer confidence. P ... Show More

This week, we’ve looked at the budget reconciliation bill and its effects on student debt, taxes, health care and social programs. The bill is currently moving through the Senate. Today, we discuss the reconciliation bill and the national deficit. And we dig into other proposals ... Show More

The Autumn Budget was the most significant since George Osborne implemented austerity in 2010. Rachel Reeves announced one hundred billion pounds for infrastructure, forty billion in tax rises and a whole host of policy changes, which she hopes will deliver Labour’s mission of na ... Show More

Chancellor Rachel Reeves says she's discovered a "£20bn black hole" in the public finances left by the previous government.      In the Commons, she set out her plans to address the funding shortfall through spending cuts, as shadow chancellor Jeremy Hunt accused Labour of using ... Show More