Tag Archives: myefo

Queensland economic outlook for 2015

It became clear toward the end of 2014 that the upcoming Queensland election would be fought in a relatively weak economy. 2014 unfortunately saw an increase in Queensland’s unemployment rate from around 6 per cent to around 7 per cent … Continue reading

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Company tax timing trick is costly for business

Sinclair Davidson has a great article at the Conversation explaining the implications of requiring companies to pay company tax monthly rather than quarterly (Timing is everything), a measure announced in yesterday’s Mid-Year Economic and Fiscal Outlook (MYEFO). Highlights include: The … Continue reading

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MYEFO mystery – weird negative contingency reserve continues

I share the skepticism of many commentators about the budget forecasts in today’s Mid-Year Economic and Fiscal Outlook (MYEFO). Certainly the revenue grab from increasing the frequency of company tax payments seems tricky, and I wonder if it really will … Continue reading

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