Business News

5 things you need to know today

1. Senator David Leyonhjelm has announced he will quit federal politics next month to run in the NSW state election in March.

2. If Labor wins the next election, over one million Australians would be paying the top tax rate by 2025, compared to 820,000 if the Coalition remains in power, according to a report by The Australian.

3. The AFR has revealed that the big banks could be set to pay $300 million more in tax combined each year under changes to GST credits being proposed by the Australian Taxation Office.

4. Wall Street has begun the week on a positive note after the Dow Jones rose 0.42% and the S&P 500 lifted 0.70%. The Nasdaq ended the trading day 1.26% after Amazon shares gained more than 3%.

5. Donald Trump has scheduled a visit to the US-Mexico border this week as the partial US government shutdown enters its third week.

Published on: Tuesday, January 08, 2019

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