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Good morning, everyone. A federal government discussion paper has raise the prospect1 of cutting the commonwealth2's taxation3 base to allow states and territories to raise more of their own tax revenue. The coalition4 has released its federation5 green paper, sections of which had been leaked in recent days. The discussion paper says an option to make the state and territory funding system fairer would be to reduce the personal income tax rights that the commonwealth claims. This would open up the states and territories to raise their tax rights to fill the gap.
An opinion poll commissioned by the Construction Union on Australia's free trade deal with China shows voters in seven marginal seats strongly opposed key aspects of the agreement. The trade pact6 includes the ability for Chinese investors7 in major infrastructure8 projects to bring in Chinese workers without advertising9 locally. It also gives Chinese firms some rights to sue Australian governments for policy changes. More than 90 percent of people surveyed opposed the agreement if those parts were included.
To the markets, and Wall Street posted some modest gains overnight, Dow Jones rose by 25 points, the S&P 500 is slightly higher, while the Nasdaq lifted 0.9 percent. In London, the FTSE also gained 0.1 percent. Checking commodities: WTC is trading at $61 a barrel, Tapis crude is at $65 a barrel, and Gold is trading at $117.8 an ounce. The Australian dollar is currently buying 77 US cents, 69 Euro cents and 49 penny sterling10.
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点击收听单词发音
1 prospect | |
n.前景,前途;景色,视野 | |
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2 commonwealth | |
n.共和国,联邦,共同体 | |
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3 taxation | |
n.征税,税收,税金 | |
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4 coalition | |
n.结合体,同盟,结合,联合 | |
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5 federation | |
n.同盟,联邦,联合,联盟,联合会 | |
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6 pact | |
n.合同,条约,公约,协定 | |
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7 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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8 infrastructure | |
n.下部构造,下部组织,基础结构,基础设施 | |
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9 advertising | |
n.广告业;广告活动 a.广告的;广告业务的 | |
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10 sterling | |
adj.英币的(纯粹的,货真价实的);n.英国货币(英镑) | |
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