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Tuesday, October 19, 2021
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Australia’s Plan to Recover from Deep Recession

#Australia #recession #recovery

Australia’s Treasurer Josh Frydenberg said Wednesday that the tax cuts forming the centrepiece of the country’s annual budget will not come into effect until December.

Mr. Frydenberg Tuesday announced A$17.8-B in personal tax cuts and A$5.2-B in new programs to boost employment in a plan aimed at helping the China virus-ravaged economy by creating 1-M new jobs over the next 4 yrs. The bulk of the tax cuts are retroactive from 1 July.

Have a healthy day, Keep the Faith!

Paul Ebeling
Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.   

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