Jamaat-e-Islami chief seeks tax relief for salaried class

https://fed.brid.gy/r/https://dailytimes.com.pk/1502056/jamaat-e-islami-chief-seeks-tax-relief-for-salaried-class/

PM Shehbaz Sharif promises public relief measures in upcoming federal budget

https://fed.brid.gy/r/https://dailytimes.com.pk/1502059/pm-shehbaz-sharif-promises-public-relief-measures-in-upcoming-federal-budget/

English – The Conversation | Auction sales are sliding, banks are tightening loans. But is the budget really the only factor? by James Graham, Senior Lecturer in Economics, University of Sydney

AI generated summary, Read the full article for complete information.

The recent Australian federal budget—introducing reforms to negative gearing and the capital‑gains‑tax discount—has prompted banks to tighten lending to property investors and has coincided with a dip in auction clearance rates, which fell to about 50‑60 % nationally, though this decline was already underway due to higher interest rates and economic uncertainty. While Treasury modelling suggests house‑price growth will be about 2 % slower than otherwise expected, other forecasts range from a modest 1 % fall to a steep correction of up to 10 %, reflecting the market’s pre‑budget softness. Prices remain unaffordable, with median home values more than eight times median household income, and the reforms are likely to affect investors’ preferred small‑apartment segment more than family homes on the suburbs’ edge. Consequently, the market’s recent cooling reflects both the budget’s policy changes and broader macro‑economic pressures, and it would be inaccurate to blame the budget alone for the current slowdown.

Read more: https://theconversation.com/auction-sales-are-sliding-banks-are-tightening-loans-but-is-the-budget-really-the-only-factor-283765

#CommonwealthBank #MorganStanley #Treasury #FederalBudget

9News | Aussie business owners unite against PM's 'aspiration ambush' by 9News

AI generated summary, Read the full article for complete information.

Forty Australian entrepreneurs under 40—spanning technology, AI, retail and manufacturing—have sent an open letter to Prime Minister Anthony Albanese condemning his federal budget as an “aspiration ambush”. The letter argues that the government’s plan to cut the capital‑gains‑tax (CGT) discount to 30 percent, adjust cost‑base indexation and overhaul negative‑gearing and discretionary‑trust rules will disproportionately hurt young business builders, even though the changes are justified as a way to help younger people enter the housing market. While the signatories support the CGT reforms for residential investment properties, they draw a line at extending them to shares, warning that this will “suck the ambition, drive and hope” out of the next generation of innovators. The petition, signed by founders of firms such as Pillar Performance, Linktree and me&u, asks for a response from the prime minister, amid social‑media backlash and mockery that paints Albanese as a 47 percent partner in their future sales. Treasury Minister Jim Chalmers has defended the inclusion of shares, saying it avoids new market distortions and pledges a one‑year grace period, consultation with startups and protection for businesses already holding concessions. The reforms have not yet been passed, with the Coalition promising to fight them and the Greens undecided.

Read more: https://www.9news.com.au/national/federal-budget-2026-aussie-business-owners-unite-against-pms-tax-reform/161fefc4-6127-4b59-a159-6c688e0c7dda

#AnthonyAlbanese #JimChalmers #Australiangovernment #Federalbudget #national

IMF seeks additional taxes ahead of Pakistan’s budget negotiations for fiscal year 2026-27

https://fed.brid.gy/r/https://dailytimes.com.pk/1495205/imf-seeks-additional-taxes-ahead-of-pakistans-budget-negotiations-for-fiscal-year-2026-27/

Remember he said he didn’t know anything about it?

https://quinnscommentary.net/2026/05/17/remember-he-said-he-didnt-know-anything-about-it/