L-NP in front again as Turnbull shows leadership

Original article by Gary Morgan, Roy Morgan Research
Morgan Poll Update – Page: Online : 4-Apr-16

This week’s Morgan Poll lift in L-NP support (now L-NP 52.5% cf. ALP 47.5%) shows Turnbull has re-established the Federal Government as "better managers" by using the ABCC debate to link economic management to union corruption in the building and construction industry. The Federal Opposition has stated they will campaign at the Federal Election on increasing Federal funding including Health and Education (both State issues) from raising significant revenue from elimination of taxation minimisation. Last weekend Turnbull "cleverly" outmanoeuvred the States and Federal Opposition by neutralising health and education funding by offering State Premiers the right to raise their own State income tax – good policy but political suicide! In these difficult times, the only real solution is to cut Local, State and Federal Government spending.

CORPORATES
MORGAN POLL, ROY MORGAN RESEARCH LIMITED, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN BUILDING AND CONSTRUCTION COMMISSION

L-NP in front again as Turnbull shows leadership

Original article by Roy Morgan Research
Morgan Poll Update – Page: Online : 4-Apr-16

A multi-mode Morgan Poll on Federal voting intention has found that support for Australia’s ruling Liberal-National Coalition on a two-party preferred basis has risen by three per cent to 52.5 per cent. The poll, which was carried out on the weekends of 26-27 March and 2-3 April 2016, also shows that the Coalition’s primary vote has risen by two per cent to 42 per cent, while the Roy Morgan Government Confidence Rating has risen by 2.5 points to 106.

CORPORATES
MORGAN POLL, ROY MORGAN RESEARCH LIMITED, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, KATTER’S AUSTRALIAN PARTY, PALMER UNITED PARTY, NICK XENOPHON TEAM, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

ATO targets 800 wealthy in global tax haven probe

Original article by Neil Chenoweth
The Australian Financial Review – Page: 1 & 6 : 4-Apr-16

The records of several thousand Australian clients of Panama-based law firm Mossack Fonseca are among the 11 million-plus documents that have been leaked. The Australian Taxation Office has confirmed that it is investigating the tax affairs of more than 800 high-net-wealth Australians who are clients of the firm. Mossack Fonseca’s clients include companies and individuals who have previously been the subject of the "Project Wickenby" probe into tax evasion.

CORPORATES
MOSSACK FONSECA, AUSTRALIAN TAXATION OFFICE, INTERNATIONAL CONSORTIUM OF INVESTIGATIVE JOURNALISTS, AUSTRALIAN FEDERAL POLICE, AUSTRALIAN CRIME COMMISSION, AUSTRALIA. ATTORNEY-GENERAL’S DEPT. AUSTRALIAN TRANSACTION REPORTS AND ANALYSIS CENTRE, COMMERZBANK AG, BHP BILLITON LIMITED – ASX BHP, STRACHAN SA, RIO TINTO LIMITED – ASX RIO, ANCHORVILLE HOLDINGS LIMITED, SAMOA INTERNATIONAL FINANCE AUTHORITY, TOLL HOLDINGS LIMITED, HENDRICKS DEVELOPMENT LIMITED, STEPPE FILMS INTERNATIONAL LIMITED, FITALL DEVELOPMENT LIMITED, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, GLOBAL WEALTH GROUP, GUARDIAN CARE PROPERTIES, FOOTBALL FEDERATION AUSTRALIA LIMITED

Business urges extreme COAG makeover

Original article by Jacob Greber
The Australian Financial Review – Page: 1 & 2 : 4-Apr-16

Australian Institute of Company Directors CEO John Brogden has called for greater co-operation between the federal and state governments. He has suggested major changes to the Council of Australian Governments, after a proposal by Prime Minister Malcolm Turnbull for states to raise income tax revenue was rejected. Brodgen has suggested that an independent chair and secretariat could be put in charge of COAG in order to facilitate the reform process.

CORPORATES
AUSTRALIAN INSTITUTE OF COMPANY DIRECTORS, COUNCIL OF AUSTRALIAN GOVERNMENTS, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, BUSINESS COUNCIL OF AUSTRALIA, AUSTRALIA. NATIONAL COMMISSION OF AUDIT

‘We must live within our means’

Original article by David Crowe
The Australian – Page: 1 & 4 : 4-Apr-16

Prime Minister Malcolm Turnbull has signalled that the May 2016 Budget will not include significant government spending measures. He says Budget finances mean the Government cannot afford the expenditure on services such as health and education that was promised by the Australian Labor Party prior to the 2013 election. The Coalition announced an $A80m reduction in spending on health and education in May 2014.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, AUSTRALIAN BUILDING AND CONSTRUCTION COMMISSION, SKY NEWS, WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET

ALP increases support in all Australian States. Queensland electors narrowly turn down new election after Referendum on 4 year terms successful

Original article by Roy Morgan Research
Morgan Poll Update – Page: Online : 1-Apr-16

An SMS Morgan Poll on State voting intention, which was carried out from 25-28 March 2016, has found that support for Queensland’s ALP Government has risen by four per cent to 52 per cent on a two-party preferred basis. The poll also shows that Premier Annastacia Palaszczuk’s rating as "Better Premier" has risen by two per cent to 63.5 per cent. In New South Wales, support for the L-NP Government has fallen by 4.5 per cent to 55.5 per cent on a two-party preferred basis, while Mike Baird’s rating as "Better Premier" has fallen by 7.5 per cent to 64.5 per cent. In Victoria, support for the ALP Government has risen by 1.5 per cent to 55 per cent on a two-party preferred basis, while Daniel Andrews’ rating as "Better Premier" has risen by 0.5 per cent to 63 per cent.

CORPORATES
MORGAN POLL, ROY MORGAN RESEARCH LIMITED, LIBERAL PARTY OF NEW SOUTH WALES, NEW SOUTH WALES. DEPT OF PREMIER AND CABINET, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, LIBERAL-NATIONAL PARTY OF QUEENSLAND, QUEENSLAND. DEPT OF THE PREMIER AND CABINET, LIBERAL PARTY OF VICTORIA, VICTORIA. DEPT OF PREMIER AND CABINET, LIBERAL PARTY OF WESTERN AUSTRALIA, WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET, LIBERAL PARTY OF SOUTH AUSTRALIA, SOUTH AUSTRALIA. DEPT OF THE PREMIER AND CABINET, LIBERAL PARTY OF TASMANIA, TASMANIA. DEPT OF PREMIER AND CABINET, AUSTRALIAN GREENS, PALMER UNITED PARTY, CHRISTIAN DEMOCRATIC PARTY, COUNTRY ALLIANCE, KATTER’S AUSTRALIAN PARTY, FAMILY FIRST PARTY AUSTRALIA LIMITED, NICK XENOPHON TEAM

Australians worry about cross-border tax dodges

Original article by Joanna Mather
The Australian Financial Review – Page: 4 : 1-Apr-16

A survey commissioned by Australian accounting firm BDO suggests that tax avoidance by international companies is considered to be a serious problem. BDO’s tax chief, Mark Molesworth, says 20 per cent of survey respondents regarded profit shifting by multinationals as the country’s biggest tax problem, followed by the GST and state taxes.

CORPORATES
BDO CHARTERED ACCOUNTANTS AND ADVISERS, APPLE INCORPORATED, CHEVRON CORPORATION, GLAXOSMITHKLINE PLC

ATO to test ‘national interest’

Original article by Angus Grigg, Angela Macdonald-Smith
The Australian Financial Review – Page: 3 : 1-Apr-16

The Australian Taxation Office (ATO) has been given new powers to scrutinise foreign investments for their impact on Australia’s national interest. It seems that the ATO will focus on Chinese state-owned enterprises. The chairman of China’s State Grid Corporation, Liu Zhenya, said at a press conference in Beijing on 30 March 2016 that his company expected to be treated the same way as other bidders for the New South Wales electricity network, Ausgrid.

CORPORATES
AUSTRALIAN TAXATION OFFICE, AUSGRID PTY LTD, TRANSGRID, STATE GRID CORPORATION OF CHINA, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Turnbull wants to end federal funding of schools

Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 1-Apr-16

Prime Minister Malcolm Turnbull has proposed radical changes in fiscal relations between the federal and state governments. He envisages ceding responsibility for public schools and the health system to the states in exchange for granting more fiscal powers to the states. He will unveil the details of his plan at a Council of Australian Governments meeting in Canberra on 1 April 2016.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, COUNCIL OF AUSTRALIAN GOVERNMENTS, NEW SOUTH WALES. DEPT OF PREMIER AND CABINET, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA

Labor leaves low wage to tribunal

Original article by Elizabeth Colman, Greg Brown
The Australian – Page: 4 : 1-Apr-16

The Australian Labor Party will not make a submission on the Fair Work Commission’s review of the minimum wage. Workplace relations spokesman Brendan O’Connor says Labor has confidence in the wage review process and believes that it will consider factors such as the rising cost of living. The ACTU is seeking a $A30 per week increase in the minimum wage. Employer groups have proposed a much lower increase, citing factors such as the uncertain economic outlook and Australia’s high minimum wage compared with some countries.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. FAIR WORK COMMISSION, ACTU, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, THE AUSTRALIAN INDUSTRY GROUP, UNITED VOICE, RESERVE BANK OF AUSTRALIA, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT