
Dave Sharma
@DaveSharma
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Senator for New South Wales. Shadow assistant minister competition, charities & Treasury. Former ambassador and diplomat.
Joined November 2016
The main outcome from the economic summit?. Labor rejected the plea from many participants to restore fiscal rules and rein in government spending.
afr.com
Participants at the summit urged the government to restore tougher budget spending rules from the Howard and Rudd government era to rein in debt.
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RT @tedobrienmp: Today is a test on tax for the Treasurer. This govt has added $100b to the national debt. We’ll hit $1t in debt this year….
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RT @PhillipCoorey: ‘Perfect example of bad policy’: Labor’s EV tax break to cost $23b
afr.com
The blowout puts pressure on Jim Chalmers to axe the FBT exemption for electric vehicles, which a leading tax expert has labelled a “silly concession”.
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Labor claims its decision will "contribute to international momentum towards a two-state solution, a ceasefire in Gaza and release of the hostages." . In fact, the consequences will be the exact opposite. It will diminish prospects of a two-state solution. It will prolong the.
Watch live: Prime Minister Anthony Albanese is speaking after a cabinet meeting as Australia stands poised to recognise a Palestinian state.
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Paying a fee in order to spend your own money is a strange state of affairs. But this is now the pattern in Australia when you pay with your card. This needs to change. Card surcharges need to be addressed.
afr.com
The RBA’s proposed reforms offer a considered way forward toward a more modern and competitive system that is more friendly to consumers and small businesses.
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This proposal has considerable merit. Card surcharges are becoming ubiquitous in Australia, and in a way that does not reflect the true cost of providing the service. Small business and consumers are paying more than they should.
The RBA has proposed a complete ban on surcharging, saving customers $1.2 billion on credit and debit card fees.
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80% of jobs growth in the past two years has been in the non-market sector, fuelled by record government spending. This explains why our productivity performance is so bad, back to 2016 levels. High government spending is crowding out the private sector.
afr.com
Four in five jobs created in the past two years are in industries heavily influenced by government spending and regulation, Labor has been warned.
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Treasury bells the cat on Labor’s economic failures:. — confirming the Budget is on an unsustainable trajectory;. — saying Labor will fall far short of its housing target.
A leaked report from the Treasury department advised that the government needed to both raise taxes and cut spending to return the budget to sustainability, and cast doubt on the federal and state governments' target of building 1.2 million new homes.
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A reminder that Australia is one of the largest importers of Russian oil, via refineries in third countries.
nytimes.com
Momentum has been building behind a bipartisan bill to impose sanctions on countries that purchase Russian oil, as Republicans work behind the scenes to win President Trump’s support.
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