MARKETS SPECTATOR: Cold shoulder for Myer
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Alan Kohler
Alan Kohler is one of Australia’s most experienced commentators and journalists. Alan is the founder of Eureka Report, Australia’s most successful investment newsletter, and Business Spectator, a 24-hour free business news and commentary website. He also hosts Inside Business, a half-hour Sunday programme on the ABC, is the finance presenter on the ABC News - and producer of the nightly graph (or two).
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There is room for reform at the nation's tax office but Joe Hockey's proposal to knock tax administration and policing into place could be counterproductive.
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Politics
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In this week's essential reading guide Bartholomeusz predicts a Ford domino effect, Koukoulas runs the ruler over Australia's economy, Burgess foresees a carbon flip and Irvine surveys a Bernanke brainwave.
Do we want fewer, tougher tax men?
There is room for reform at the nation's tax office but Joe Hockey's proposal to knock tax administration and policing into place could be counterproductive.
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Climate
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Myer's surprise first-half results failed to impress Credit Suisse and UBS which both cited cost headwinds for downgrading the stock.
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