Australia's conservative government looked set to secure the required suppo...
SYDNEY - Australia’s conservative government looked set to secure the required support on Thursday to pass A$158 billion worth of tax cuts over the next decade, a fillip to an economy that is threatening to stall.
The plan was approved by Australia’s lower house of parliament on Tuesday but the government needs the support of several independents and minor parties for it to pass through the upper house Senate, where it does not have a majority. “We’re going to have a bunch of people, hardworking Australians, that get a tax cut,” Senator Rex Patrick told Australian Broadcasting Corp. Radio.
The tax cuts are welcome relief to Australia’s central bank, which has said government action was needed to boost consumer spending in order to revive an economy that is growing at its slowest pace in a decade.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Australian government close to securing enough votes for $110 billion tax cut planAustralia's conservative government is close to securing enough votes to pa...
Leer más »
Australian government close to securing enough votes for $110 billion tax cut planAustralia's conservative government is close to securing enough votes to pa...
Leer más »
House Democrats sue Trump administration in effort to secure president's tax returnsHouse Ways and Means Committee Chairman Richard Neal, D-Mass., filed a lawsuit Tuesday against the IRS and Treasury Department in an effort to secure access to President Donald Trump’s tax returns.
Leer más »
Australian dollar defies broader risk rally as RBA cut loomsThe Australian dollar nursed wounds on Tuesday, a day after it posted its bigges...
Leer más »
Oil edges up after steep fall; OPEC cuts, stocks draw supportOil prices edged higher on Wednesday, steadying after a more than 4% fall in the...
Leer más »
Biden's support from black voters cut in half after debate: Reuters/Ipsos poll.Cmkahn says that while Joe Biden is still a 2020 frontrunner, there’s been a considerable drop in his support from black voters following the DemDebate, according to a Reuters/Ipsos poll
Leer más »