These three tax areas have become mired in poor analysis and misconceptions.
- Emeritus Professor of Finance, The University of Melbourne
These three regulatory issues act as barriers for Australian banks with global ambitions.
Calls for GST on banking make sense, but working out the ultimate benefit is no easy task.
Before we consider scrapping dividend imputation it’s essential we consider the alternatives.
Investors may not like it but Australian banks have been given little choice by the prudential regulator other than to undertake capital raisings.
Peer-to-peer (P2P) has the potential to challenge the dominance of traditional financial institutions like banks, but involves new risks for both lenders and borrowers.
“Well, Jon, the Government’s about to bring in a 1.5% corporate, or company, tax cut from the 1st of July. That’s something that obviously we support, because (the) corporate tax rate at 30% is not competitive…
A topic which warrants inclusion in Joe Hockey’s planned Financial System Inquiry – but probably won’t make it in – is the regulatory and institutional impediments to Islamic finance. The 2% of the Australian…
How will the shape of Australia’s financial sector evolve over the coming decades? How will the demand for finance change? Where will the supply of funds come from? Can we be confident that available funds…
There is currently considerable interest in the practice of “dividend washing”. This refers to the practice of investors being able to trade shares cum-dividend for a period after the ex-dividend date…
Can the growing stash of super savings be used productively to fund valuable bio-science and other R&D while still generating good returns for fund members? Such research is typically high risk, but…
Five billion dollars is a lot of money — and that is the amount which the US Justice Department claims were losses incurred by US banks and credit unions from investing in CDOs rated by Standard &…
Wealth management company Yellow Brick Road and Macquarie Bank have foreshadowed some sort of relationship which will provide a “much-needed alternative for Australian consumers” with the first step being…
Treasurer Swan could reduce the headline corporate tax rate from its current 30% rate to just over 15%, with virtually no consequences for government tax revenue with one simple piece of legislation: simply…
Most investors don’t know (or care) much about the mechanics of how the ownership of securities they buy is transferred and recorded in the back-office activities (clearing and settlement) of financial…
There is a growing chorus of support for introduction of a fee for the protection provided to bank deposits (up to the $250,000 cap) by the Financial Claims Scheme (or deposit insurance as it would be…
Amid the tumultuous economic climate in the US and Europe - not to mention the tumbling fortunes of our sharemarket - the Reserve Bank of Australia has followed market sentiment and cut the official cash…
Treasurer Swan’s commitment to bring the government budget into surplus in 2012-13 may be a political imperative, but is not good economics. The focus for prudential fiscal management should instead be…
The focus of the statement by the Australia-New Zealand Shadow Financial Regulatory Committee asks whether the systemic importance of the big four Australasian banks warrants special regulatory treatment…
Welcome to the latest in our In Conversation series, between risk analyst and author Satyajit Das and Kevin Davis, Research Director of the Australian Centre for Financial Studies. Satyajit Das is an internationally-known…
Last week, the Reserve Bank defied market expectations to announce the 4.25% cash rate would remain unchanged. But the surprise decision by Australia’s Big Four banks to act independently of the Reserve…
As Reserve Bank of Australia board members gather today to ponder Australia’s cash rate, financial markets are having a bet each way the RBA will cut rates amid the release of data reflecting a softening…
Westpac chief executive Gail Kelly this week warned about Australian banks are vulnerable to “the contagion effect” of Europe’s ongoing financial woes, after the Commonwealth Bank of Australia delayed…
Eurozone leaders have moved to address liquidity fears, with the European Central Bank announcing new measures to head off a credit crunch. Britain has also announced quantitative easing measures. Outgoing…
Washington lawmakers in the US House of Representatives have passed an agreement hammered out between Republican and Democrat leaders designed to avert a US debt default. The move is a further step towards…
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