Alan Kohler is one of Australia’s most experienced business commentators. Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report. Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website. Alan is the regular finance presenter on the ABC News and producer of the popular nightly graph (or two).
The woes of Portuguese bank Banco Espirito Santo have renewed fears about the structural weaknesses of the European banking system, which will remain a source of vulnerability until the ECB takes definitive action.
Tony Abbott's rise has been built on the electorate's fear of a carbon tax hit to the cost of living. But after repeal when they next visit Woolies and Coles and open their next electricity bill they'll be sorely disappointed, even with Clive Palmer's intervention.
Existing corporate tax structures are enabling base erosion, lowering investment and stifling prosperity. If the G20 is serious about fiscal sustainability, its leaders must first agree on big reforms.