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Doubts raised over GST windfall on imported goods

National Australia Bank chief economist Alan Oster has demolished the argument put forward by retailers that scrapping the $1000 GST-free threshold on imported goods would trigger an $800 million windfall for state revenues, arguing it would fail to raise even half that.

03 Dec 2013
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Abbott cool on handouts for Qantas

Prime Minister Tony Abbott has sought to dampen expectations that the government will offer financial help to Qantas to preserve its investment-grade credit rating, saying the airline has yet to tell politicians exactly what it wants.

03 Dec 2013
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Reality check

The government will need a full-time workforce of 3000 engineers plus contractors to achieve a full fibre-to-the-node rollout by mid-2020. That figure is based on Britain's Openreach rollout of 300 street cabinets a week, says Informa senior analyst Tony Brown. bit.ly/Iyyh4P

03 Dec 2013
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Infosys expanding

Indian outsourcer Infosys has opened a new Sydney office to cope with growth of more than 500 per cent over the past five years. It expects to hire 85 employees in NSW as well as short-term imported specialists. The company says it employs about 2600 people in Australia and New Zealand.

03 Dec 2013
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IT spend on rise

Forrester Research has forecast a modest increase of 2.4 per cent in overall technology spending in Australia in 2014. Senior analyst Tim Sheedy says Australian chief information officers have managed to reduce operational costs and are pumping the savings back into IT.

03 Dec 2013
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Homing in on the drivers of growth

Building approvals data showed some encouraging signs, but residential investment is a small driver of the economy. US payroll figures will provide more clues on how the Reserve Bank will act.

02 Dec 2013
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