ACN Business

New York’s wealthy warn of a tax exodus after Mamdani’s win – but the data says otherwise

Written by Cristobal Young, Associate Professor of Sociology, Cornell University

Wealthy New Yorkers have threatened to leave the city if Mayor-elect Zohran Mamdani follows through on his promise to raise taxes on the rich.Charly Triballeau/AFP via Getty Images

New York’s mayor-elect, Zohran Mamdani, campaigned on a promise to raise the city’s income tax on its richest residents from 3.9% to 5.9%. Combined with the...

‘Drive-off’ fuel thefts cost $80 million even before the war – and they’re heading up
With petrol and diesel prices soaring, we’re hearing more reports of alleged fuel thefts from petrol stations, farms, t…
War could add an extra 5% to prices in Australia – but there’s one sector that shields the economy
A drawn-out war in the Middle East could add an extra 5% to existing inflation in Australia, our new modelling shows.We looke…
Compulsory super is higher than ever at 12%. But cutting it would hurt low-paid workers most
Unsplash, Canva, The Conversation, CC BY-NCA central element of Australia’s superannuation system is the superannuation…
A crucial meeting aims to remake the WTO to fit the new global order
Getty ImagesWith the global rules-based order collapsing, the United Nations faces an existential crisis as the United States…
Gold is meant to be a ‘safe haven’ in uncertain times. Why is it crashing amid a war?
Gold has long enjoyed a reputation as a financial “safe haven” during stormy times. But over the past few months …
Is your ‘sustainable’ super funding fossil fuels or weapons? How to check the fine print
Many Australians don’t realise their superannuation savings – worth A$4.5 trillion and growing – may be inv…

Traditions of Rural Bali at Villa Sabana
A Privileged Insight into the Traditions of Rural Bali at Villa Sabana Situated in the traditional village of Pererenan near Canggu, Villa Sabana is peacefully secluded in a semi-rural setting where…

Essential Reasons to Opt for a Professional Valuation Before Selling Your Commercial Property
In the dynamic world of real estate, commercial properties hold a pivotal position. They represent not only a significant financial asset but also a crucial business investment. When contemplating the…

Australian startup takes life-saving tech to the world
Australian startup, GVDP, which stands for Global Voluntary Disclosure Project, has commenced its launch in Australia and the United States, delivering life-saving technology to people throughout the globe. Founded by Kathrine…
Cyber Warden
New initiative to keep Australian small businesses safe online Small business and corporate Australia are teaming up to tackle one of the greatest risks facing the country’s 2.3 million small businesses. Australia’s…
Introducing David Card, the 2021 Nobel Prize in Economics winner who made the minimum wage respectable
Andrew Brodhead/Stanford Every year Australia’s Fair Work Commission considers whether to raise the minimum wage. And every year business leaders warn doing it will cost jobs. This year’s Nobel Prize…

How to Apply for More Jobs in Less Time Using AI Automation

Most job seekers spend 11 to 14 hours per week on applications and still hear nothing back. That's not a motivation problem. That's a process proble...

Why Middle Australia Is Quietly Driving the Shift Away From Car Ownership

The narrative around changing attitudes to car ownership has long focused on Gen Z. Younger Australians are often portrayed as the generation movi...

Launchd Acquires WeAreTENZING as ANZ Creator Economy Spend Nears $1 Billion

Launchd, Australia's leading talent-first creator economy group, has acquired WeAreTENZING, one of New Zealand's most respected talent agencies, b...

Time to punch above our weight and stop shadowboxing on AI

Australia prides itself on being an innovation economy. We celebrate startups, talk about productivity, and lean into our reputation for punching ...

Colter Bay Capital Launches as Australia’s Newest Institutional Private Credit Fund

Led by seasoned capital markets veteran Mark Wang, the fund is purpose-built to serve Australia’s most productive yet chronically underserved busi...

Global Thryv voices bring a sharper lens to International Women’s Day

Thryv® (NASDAQ: THRY), ANZ’s leading AI-enabled small business marketing software platform provider, marks International Women’s Day (IWD) with a bu...

New York’s wealthy warn of a tax exodus after Mamdani’s win – but the data says otherwise

‘Drive-off’ fuel thefts cost $80 million even before the war – and they’re heading up

War could add an extra 5% to prices in Australia – but there’s one sector that shields the economy

Compulsory super is higher than ever at 12%. But cutting it would hurt low-paid workers most

A crucial meeting aims to remake the WTO to fit the new global order

Gold is meant to be a ‘safe haven’ in uncertain times. Why is it crashing amid a war?

Is your ‘sustainable’ super funding fossil fuels or weapons? How to check the fine print

Traditions of Rural Bali at Villa Sabana

Essential Reasons to Opt for a Professional Valuation Before Selling Your Commercial Property

Australian startup takes life-saving tech to the world

Cyber Warden

Introducing David Card, the 2021 Nobel Prize in Economics winner who made the minimum wage respectable

How to Apply for More Jobs in Less Time Using AI Automation

Why Middle Australia Is Quietly Driving the Shift Away From Car Ownership

Launchd Acquires WeAreTENZING as ANZ Creator Economy Spend Nears $1 Billion

Time to punch above our weight and stop shadowboxing on AI

Colter Bay Capital Launches as Australia’s Newest Institutional Private Credit Fund

Global Thryv voices bring a sharper lens to International Women’s Day

How Contiki is Redefining Travel for Young Adventurers

Navigating the Cosmetic Advertising Crackdown Before September Guidelines Hit

Defining Actionable AI for Australian IT Efficiency and Security