Budget 2014 – in numbers | World news |

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Tony Abbott’s ‘crash through’ budget may force states to raise GST | World news |

Tony Abbott’s ‘crash through’ budget may force states to raise GST | World news |
NSW premier Mike Baird, a good friend of Tony Abbott, is furious about the move, calling it a 'kick in the guts to our state'. Photograph: Paul Miller/AAP

Tony Abbott is adopting a “crash through” budget strategy – forcing the states to consider raising the goods and services tax to make up for huge federal funding cuts to health and education and daring senators to pass most of his hardline first budget or risk their seats at a double dissolution election.

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Tony Abbott’s ‘crash through’ budget may force states to raise GST |

Tony Abbott’s ‘crash through’ budget may force states to raise GST | World news | NewsWire
NSW premier Mike Baird, a good friend of Tony Abbott, is furious about the move, calling it a 'kick in the guts to our state'. Photograph: Paul Miller/AAP

Tony Abbott is adopting a “crash through” budget strategy – forcing the states to consider raising the goods and services tax to make up for huge federal funding cuts to health and education and daring senators to pass most of his hardline first budget or risk their seats at a double dissolution election.

Read More >

Regan: Taxes spur foreign corporate ‘marriages’

Trish Regan(Photo: Handout)You've seen a recurring headline at the top of the business section this year: "ABC Corporation buys XYZ Inc. in multi-billion merger." When one company buys another, it's typically done because there's a fundamental belief that the sum is greater than the parts (Apple for Dr. Dre's Beats Music, for example). Or a belief that the target has a product the acquirer desperately needs (Valeant for Allergan, the maker of Botox). Or, the merger simply takes competition off the market (Comcast for Time Warner Cable - the No. 1 and No. 2 cable companies in America). In sum, there are lots of good reasons for two companies to get married. Read More >

Regan: Taxes spur foreign corporate ‘marriages’ – National NewsWire

Trish Regan(Photo: Handout)You've seen a recurring headline at the top of the business section this year: "ABC Corporation buys XYZ Inc. in multi-billion merger." When one company buys another, it's typically done because there's a fundamental belief that the sum is greater than the parts (Apple for Dr. Dre's Beats Music, for example). Or a belief that the target has a product the acquirer desperately needs (Valeant for Allergan, the maker of Botox). Or, the merger simply takes competition off the market (Comcast for Time Warner Cable - the No. 1 and No. 2 cable companies in America). In sum, there are lots of good reasons for two companies to get married. Read More >