Paul Keating urges Labor to stick with capital gains tax overhaul and avoid exemptions that would hurt economy pred 4 urami in 25 minutami Exclusive: Former PM says changes to tax rates are ‘so marginal that no entrepreneurial initiative is likely to be thwarted’Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastPaul Keating has urged Labor to stick to its guns on controversial changes to capital gains tax, warning that exempting commercial assets from the changes would further “distort” the economy.Small business and the startup sector are fighting the Albanese government over its plans to shift the 50% capital gains tax discount to an inflation-based model, part of a suite of tax reforms announced in this month’s federal budget. Continue reading...(The Guardian)
Trump-backed Ken Paxton ousts John Cornyn in heated Texas primary after scandal-plagued campaign pred 4 urami in 26 minutami Race had wide implications for Trump’s strength heading into midterms, where Paxton will face Democratic candidate James TalaricoKen Paxton, the Donald Trump-backed Texas attorney general, triumphed over incumbent John Cornyn in the Republican primary runoff for senator. His victory signals that even a scandal-plagued candidate can win over the deep red state with the support of the president.“After a public service career lasting more than four decades and 18 consecutive campaign wins, tonight we’ve come up short in this primary runoff,” Cornyn said shortly after the race was called. “I’ve always supported the GOP ticket. I intend to do so again this general election.” Continue reading...(The Guardian)
‘Makes no sense’: experts doubt pause in US arms sale to Taiwan is due to Iran war pred 4 urami in 41 minutami While approval is due soon for $14bn deal, actual deliveries to Taiwan are years away – making ‘Operation Epic Fury’ in the Gulf an unlikely causeThe Trump administration’s war against Iran should have no impact on arms sales to Taiwan, experts have said, after a US official suggested a pause in the delivery of a key weapons package was due to the Gulf conflict.Analysts told the Guardian that a $14bn arms package left in limbo after Donald Trump’s meeting with Xi Jinping could take up to six years to process, and there was a “low likelihood” of any true connection between events in Iran and weapons delivery to Taiwan. Continue reading...(The Guardian)
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