Pacific Perspectives
Tesla calls for all drivers to pay road user charges
Tesla says NSW should scrap its plans for an electric vehicle tax and Australia should adopt a national road user charge that would be paid by all drivers including those who own petrol cars. A…
Budget’s nasty CGT surprise for Australians doing a stint overseas
Australians who work overseas will lose access to any capital gains tax discount on investment properties from July 1, 2027 if they relinquish Australian tax residency during their time abroad. Ben Turner, an accountant specialising…
Iran bombs US supply lines as Hormuz stand-off escalates
Dubai | The US and Iran exchanged fresh strikes overnight into Monday as they continued their tit-for-tat attacks while issuing conflicting declarations over whether the Strait of Hormuz was open to shipping. US Central Command…
ASX ends flat as oil soars towards $US80; big banks rally
The Australian sharemarket ended flat on Monday as investors largely looked through the surging oil prices from fresh strikes between the US and Iran and the implications for the Strait of Hormuz. The benchmark S&P/ASX…
Wall Street feasts on fees from SpaceX IPO and mega-mergers
New York | Wall Street banks this week are set to report their biggest haul from investment banking fees in four and a half years, fuelled by SpaceX’s blockbuster stock market listing and a resurgence in…
Santos slams Australian gas mandate, warns of supply crunch
Santos has slammed the federal government’s domestic gas reservation scheme, warning it will create energy shortages and drive up prices for electricity generators, manufacturers, and data centres. Australia’s second-largest oil and gas producer, which stands…
More carve-outs from trust changes likely after $3b hit to charities
More carve-outs from Labor’s rushed plan to impose a 30 per cent tax rate on discretionary trusts are likely after Treasury flagged it was looking for ideas on how to deal with a potential $3…
ATO faces $50b tax shortfall as small business debts rise
The Australian Taxation Office may never be able to recover half the $100 billion tax it is owed, says a new report by the Australian National Audit Office that warns small businesses are the biggest…
Scolyer state memorial, Iran says Strait of Hormuz closed
What you need to know Share post Welcome to Need to Know this Monday, July 13. Here are some of the top headlines so far. Source: https://www.afr.com/world/middle-east/iran-claims-strait-of-hormuz-is-closed-after-night-of-us-bombing-20260713-p60epl
US launches more strikes after Iran attacks container ship
Dubai | The United States attacked Iran on Sunday over an Iranian strike on a vessel in the Strait of Hormuz that set the container ship ablaze and forced its crew to abandon it. Iran apparently…