Pulse Alert – News Pulse for May 6, 2019

A daily download of SME, startup, fintech and tax news from around Australia.

Uber ‘came to our shores, illegally, like pirates’, class action lead plaintiff says

More than 6,000 taxi and car-hire drivers, operators and licence owners across four states are taking on ridesharing giant Uber, as part of a major class action.

The case was filed in the Victorian Supreme Court this morning.

Labor’s ‘fair go’ wealth shift

Bill ShortenHon Bill Shorten MP,  Federal Member for Maribyrnong Leader of the Opposition from 13.10.13 has pinned his election hopes on “fair go economics”, promising another $841 million yesterday in health spending and small business tax incentives while pledging to deliver a living wage within the first 100 days of a Labor government.

Vowing to make the rich pay by ending “welfare” for the wealthy, the Labor leader outlined his case for change based on a rewriting of the country’s economic priorities to include regulated wages, action on climate change and more ­public funding for health and ­education.

Labor pledges tax breaks for small business and crackdown on multinationals at campaign launch

Opposition Leader Bill ShortenHon Bill Shorten MP,  Federal Member for Maribyrnong Leader of the Opposition from 13.10.13 has pledged tax breaks for small businesses that hire young and older workers in a major bid to boost the fortunes of the long-term unemployed.

Officially launching Labor’s campaign in Brisbane, Mr Shorten also promised a crackdown on multinational tax avoidance by denying deductions to companies that send royalties to tax havens overseas.

Shorten announces jobs tax cut

Opposition Leader Bill ShortenHon Bill Shorten MP,  Federal Member for Maribyrnong Leader of the Opposition from 13.10.13 has announced tax cuts for small businesses to hire young and older workers and outlined a $2.3 billion assault on multinationals’ tax avoidance as he officially launched the party’s election campaign .

Rallying the Labor faithful at the Brisbane Convention Centre, Mr Shorten said voters had a clear choice of three more years of “smug, smirking, unfair complacency” or a better, bolder and more equal future under Labor.

Advice ain’t cheap: when you’ll need to spend more than $3000

The wealth wars took a bitter turn when Labor leader Bill ShortenHon Bill Shorten MP,  Federal Member for Maribyrnong Leader of the Opposition from 13.10.13, in full campaign mode, described tax deductions for accounting advice as “one of the rorts we want to shut down”.

A clearly incensed Michael Croker, the tax leader with Chartered Accountants Australia and New Zealand, accused Shorten of impugning an entire profession with comments that scraped the “bottom of the political barrel”.

Instant help for SMEs to kit up

One of the major complexities of running a small to medium sized business (SME) is staying across constant legislative change and understanding how it will impact your business.

A key announcement for SMEs in the recent Federal Budget was the instant asset write off being extended to medium sized businesses (annual turnover of up to $A50 million) and an increase in the asset write off threshold from $A25,000 to $A30,000 on a per annum basis.

Tips, comments or suggestions? Let me know in the comments, send me an email or tweet me @simeonduncan.

0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.