The Distillery: Tax tricks

Scribes pore over the Coalition tax changes, praising proper process, lashing the FBT call and warning of a budget war.

The tax changes announced by Treasurer Joe Hockey yesterday have jotters jumping in several directions. Given the election promises, most see them as a welcome process of crossing the Ts and dotting the Is. But the reversal of FBT policy gets one scribe really fired up, while another notes the opportunity for Labor to finally get on the front foot.

Meanwhile, the latest quarterly result from the Commonwealth Bank has scribes again in raptures about the profitability of our big banks. However, one commentator can’t help but note niggling concerns. 

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