Man finds long-lost brother by chance
David walks into a Noosa café and sits near a man who irritates him for hogging all the newspapers. Eventually the two begin talking and realise they are brothers. Both called David.
Thursday, December 29, 2016
M FIELD
Man finds long-lost brother by chance
David walks into a Noosa café and sits near a man who irritates him for hogging all the newspapers. Eventually the two begin talking and realise they are brothers. Both called David.
Wednesday, December 14, 2016
CASHLESSNESS
Government floats $100 note removal
Australia looks set to follow in the footsteps of Venezuela and India by abolishing the country’s highest-denomination banknote in a bid to crack down on the “black economy”.
Speaking to ABC radio on Wednesday, Revenue and Financial Services Minister Kelly O’Dwyer flagged a review of the $100 note and cash payments over certain limits as the government looks to recoup billions in unpaid tax.
Monday’s midyear budget update will include the appointment of former KPMG global chairman Michael Andrew to oversee a black economy taskforce. The black economy accounts for 1.5 per cent of GDP, given many cash payments are untaxed.
Australia looks set to follow in the footsteps of Venezuela and India by abolishing the country’s highest-denomination banknote in a bid to crack down on the “black economy”.
Speaking to ABC radio on Wednesday, Revenue and Financial Services Minister Kelly O’Dwyer flagged a review of the $100 note and cash payments over certain limits as the government looks to recoup billions in unpaid tax.
Monday’s midyear budget update will include the appointment of former KPMG global chairman Michael Andrew to oversee a black economy taskforce. The black economy accounts for 1.5 per cent of GDP, given many cash payments are untaxed.
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