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Ed Husic’s corporate tax cut call is dangerous policy

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Ed Husic’s corporate tax cut call is dangerous policy

Labor’s Industry Minister, Ed Husic, believes that Australia needs lower company taxes to help businesses free up capital and drive investment in AI technologies. Australia’s capital stock has shrunk by 0 million over the past decade, and the average age of capital has risen from 11 to 13 years, contributing to the slowing down of industries replacing ageing assets and embracing new technology.

Corporate tax reform needs to be on the table, says Husic

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Corporate tax reform needs to be on the table, says Husic

Minister for Industry and Science Ed Husic spoke at The Australian Financial Review AI Summit about the need to urgently review tools and machinery supporting the industry base in Australia. The retirement of manufacturing assets in Australia is outpacing the investment required to replenish it, with the capital stock diminishing by 0 million over 10 years.

Five UK market hotspots to watch ahead of the election

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Five UK market hotspots to watch ahead of the election

– Prime Minister Rishi Sunak called a summer election in the UK, surprising many and giving a modest boost to the pound.
– Keir Starmer’s Labour Party has been leading in opinion polls since Sunak took power in 2022.
– UK equities tend to be quite flat in the six months after a national election, with the FTSE 250 outperforming the FTSE 100.
– The pound is sensitive to election time, reflecting international investor opinion about the UK and expected government policies.
– Sectors like Natwest Group, housebuilders, and the water sector will be under scrutiny during the election.
– Bond market investors will closely examine the two parties’ spending plans, especially Labour’s, to ensure bond market stability.
– Credit default swap markets currently price the UK as if it had a higher credit rating than it actually does.

UBS lifts S&P 500’s year-end target to Street high of 5,600

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UBS lifts S&P 500’s year-end target to Street high of 5,600

UBS Global Research raised its year-end target for the benchmark S&P 500 index to 5,600 points, marking the highest forecast among major brokerages.

Saudi Arabia plans Aramco share sale as soon as June, according to sources

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Saudi Arabia plans Aramco share sale as soon as June, according to sources

Saudi Arabia is planning a multi-billion-dollar share sale in energy giant Aramco as soon as June, with the offering expected to raise around billion.

Corporate tax not rising for compliant listed companies

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Corporate tax not rising for compliant listed companies

Tax rates for publicly-listed companies may remain unchanged in the upcoming fiscal year, with some changes in parlance that could affect the availing of lower tax rates. The base rate may see a rise for publicly listed companies, but compliance with cashless transactions could bring it back down to existing rates. Listed companies with free float up to 10% and above with cashless transactions would have tax rates of 20% and 22.5%. Noncompliance with the cashless transaction limit would result in higher tax rates. The government may also impose capital-gain taxes on individual investors for the first time if profits exceed Tk 4.0 million. The tax gap between listed and non-listed companies may be reduced by cutting corporate tax rates for non-listed companies by 2.5%. Capital-market experts believe that higher taxes and reducing the tax gap between listed and non-listed companies could discourage companies from entering the capital market. The government should focus on simplifying investment procedures rather than increasing taxes on the capital market.

Crypto ETPs are ready to launch on the London Stock Exchange; DTX aims to win the DeFi race for the next bull run

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Crypto ETPs are ready to launch on the London Stock Exchange; DTX aims to win the DeFi race for the next bull run

– Crypto ETPs will soon be launched on the London Stock Exchange
– DTX Exchange (DTX) is preparing for a DeFi race win in the upcoming bull run
– Analysts predict that DTX’s price could increase by 25 times before the end of 2024

CSE to partner with Hellenic Energy Exchange on renewable energy initiative

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CSE to partner with Hellenic Energy Exchange on renewable energy initiative

The Cyprus Stock Exchange (CSE) and the Hellenic Energy Exchange (HEnEx) will sign a Memorandum of Understanding (MOU) governing negotiations on the secondary market of Guarantee of Origin certificates from renewable energy sources.

Buildings leap to the future with new logbooks

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Buildings leap to the future with new logbooks

Digital records can help make European homes and offices greener and healthier.