Goods tax levied at the moment of manufacture rather than sale
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Monday 22 June 2026 Auction clearance rates fall to their lowest level since the early days of COVID, as higher interest rates and budget changes kick in. The ceasefire between the US and Iran teeters on the brink BHP gets sold off on cost overruns, as CSL finds a bunch of friendly investors The federal government extends the fuel excise discount UK PM Keir Starmer is set to lose his job We’re running a short survey to hear from you, with the team at Fonto. It only takes a few minutes, and you can be in the running to win a $3,000 Luxury Escapes voucher. Hit follow on the podcast so you don’t miss the latest news, and join our free daily newsletter here And don’t miss the latest episode of How Do They Afford That? - tackling financial avoidance. Get the episode from Apple, Spotify or anywhere you listen to podcasts.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.
The government will continue its cut to the fuel excise for another month Strait of Hormuz shuts again as peace talks get underway in Switzerland Buildings and landmarks light up in blue for MND awarenessSee omnystudio.com/listener for privacy information.
The government will continue its cut to the fuel excise for another month Strait of Hormuz shuts again as peace talks get underway in Switzerland Buildings and landmarks light up in blue for MND awarenessSee omnystudio.com/listener for privacy information.
"It's all too hard": Fuel shock pushes regional businesses to the brink
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In today’s episode, Ben O’Shea unpacks Trump’s peace deal with Iran and examines who REALLY won the war. Plus, Albo hints fuel excise cut could be extended & a Labor deal with Greens looms on tax reforms.See omnystudio.com/listener for privacy information.
Australian Convenience and Petroleum Marketers Association chief executive Rowan Lee told 3AW Mornings host Shane McInnes that Australia should consider brining in a road user charge to make it fairer.See omnystudio.com/listener for privacy information.
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Cheap, illict, black market ciggies are in the news again. A new report claims more that than one third of tobacco consumed last year was bought on the black market. It estimates the Government lost $817 million in excise and GST revenue last year. It's worth noting the report was commission by tobacco companies, who are obviously very keen to knock this behaviour on the head. Immediately, it raises questions about the excise tax placed on cigarettes and whether we should raise it, keep it steady, or drop it. Excise tax and GST in NZ means a packet of cigarettes is around $40 – but you can pick up a pack on the black market for around $13. It's a difficult policy choice. On one hand, high cigarette taxes have helped reduce smoking rates over time. On the other hand, you can't deny that rising prices have increased the incentive for black market tobacco smuggling and illicit sales. There is a reasonable argument for reducing or freezing excise taxes if policymakers believe the illegal market is growing faster than the legal market is shrinking. Australia provides a warning. After years of large tax increases, the Australian Bureau of Statistics estimates illicit products made up as much as 80% of nicotine consumption in 2025. Organised crime groups have become heavily involved, leading to violence, extortion, and firebombings. However, cutting taxes also has drawbacks. Cheaper cigarettes may encourage more smoking, undermining progress towards public health goals. I would also argue it's unlikely the excise tax would be reduced enough to truly compete with a black market $13 pack of cigarettes. New Zealand has not yet reached Australia's level of criminal involvement. The Government has stated that while illicit tobacco is increasing, New Zealand is “not yet facing the same issues as Australia.” Authorities have responded with joint operations involving Customs, Police, and Health agencies. Last night, Customs Minister Casey Costello defended border controls on Newstalk ZB Drive, stating that Customs has had huge success in seizing illicit tobacco. And to be fair, they have demonstrated significant enforcement capability. In one recent case, officers intercepted 927,000 smuggled cigarettes concealed in shipments falsely declared as clothing, leading to arrests and the potential tax avoidance of $1.4 million. Other operations have seized more than 1.5 million cigarettes and over a tonne of loose tobacco. What we need to see though is better organisation between Police and Health agencies once the product is in New Zealand and on sale. In the year ending in March, Ministry of Health did not undertake any enforcement action against retailers under Smokefree legislation, and yet, dodgy retailers don't seem to be very hard to find. From here they need to make it clear whose jurisdiction it is to focus on breaking up the domestic supply of illegal cigarettes, with serious fines and consequences on the table. Overall though, the strongest response may be a middle path: avoid large future excise increases while investing more resources in enforcement. This approach preserves the health benefits of high tobacco prices while reducing the risk of creating an Australian-style black market dominated by organised crime. See omnystudio.com/listener for privacy information.
In today’s episode, Ben O’Shea reveals why we’re not out of the woods even though inflation is down. Plus, naval shipbuilding is under fire & Trump’s White House gets a UFC venue.See omnystudio.com/listener for privacy information.
In this episode of RPC's Taxing Matters podcast, host Michelle Sloane is joined by Clive Brady to look at vaping duty, a new excise duty now on the statute books. Drawing on Clive's extensive experience advising on excise duties, the episode explores: an overview of the new vaping products duty, including what and what isn't in scope;the key dates and implementation timetable;who the regime captures across the supply chain;how duty is charged and administered in practice; andthe compliance and enforcement risk areas your business needs to be aware of. Thank you for listening to this episode. You can listen to and subscribe to Taxing Matters on Apple Podcasts and Spotify and stay up to date with developments in the tax world. If you would like to discuss any of the matters raised in this episode, or find out more about our tax services, please contact Adam Craggs or Michelle Sloane. All information is correct at the time of recording. Taxing Matters is not a substitute for legal advice. Hosted on Acast. See acast.com/privacy for more information.
The cost of fuel across Australia has come off its highs, despite there being no resolution yet to the war in Iran and the closure of the Strait of Hormuz. But don't get comfortable because the real pain from the global oil crunch hasn't really hit us yet. Today, Saul Kavonic, energy expert at MST financial, on how we've weathered the storm so far and what could happen in the months ahead. Featured: Saul Kavonic, energy analyst, MST Financial
By definition, the FAIRtax is a federal excise tax. In this week's Chairman's Report, AFFT president Steve Hayes recalls both the historical and current uses of excise taxes as a revenue source.
A new proposal from the McKell Institute and Electric Vehicle Council suggests replacing the federal fuel excise with a means-tested, per-kilometre road user charge. However, automotive expert James Ward and Dean & Sofie on 4BC Breakfast have heavily criticised the idea as overly complicated and based on flawed assumptions about where different income earners live.See omnystudio.com/listener for privacy information.
Economist Mosha Lander talks about the Sovereignty Wealth Fund, suspending the excise gas tax and tanking in sports.
Excise tax cuz on fuel starts today, what are you seeing? / Brett's remote over the weekend at WestHawk Marine (1:40); Times we KNEW we were right, but wrestled with making a big deal out of it (9:40); Jets - Connor Hellebuyck's comments kick up a fuss / Arniel & Cheveldayoff speaking today (17:45); Carney's address: He says Canada must adapt as world grows 'more dangerous and divided' (26:05); Kelly Moore's FIRM & DIRECT commentary on the Jets! (37:30); Housing Starts up 24% to begin 2026 (40:55); Jim Toth on the Jets & Hellebuyck & Cheveldayoff (48:05); UFC was in Winnipeg on Saturday... How was it? And how EXPENSIVE was it? (59:15); Winning entries on times we knew we were right but didn't want to make a big deal about it (1:06:50); April 30 to May 2, Winnipeg will host one of Canada's largest business plan competitions, the Stu Clark New Venture Championships (1:10:15).
Report from Una Kelly followed by Pat O'Toole, Political Correspondent for The Farmers Journal and Andrew Brownlee, CEO of the Construction Industry Federation
We go live to our reporter Josh Crosbie to see whether excise cuts are making any impact at the pumps.
New excise cuts set to reduce the price of petrol and diesel by 10c kicked in at midnight. But how soon will it be before consumers see those decreases at the pump? Anton asked Lisa Ryan Professor in energy economics, UCD.
This week on The 4WD Podcast, the federal government just halved the fuel excise and we break down what that actually means at the bowser. Plus your winter suspension checklist courtesy of Tough Dog, and Duggo floats the idea of buying a Podcast Patrol.The 4WD Podcast powered by Tyrepower. Recorded at BackChat Studios built by grounded.Music by The Southern River Band.Tough Dog Making Tracks Across the World! Hosted on Acast. See acast.com/privacy for more information.
With the Easter break approaching, many motorists are wondering if they'll be able to fill up their tanks and whether it's worth travelling far from home. The fuel crunch has been triggered by the ongoing war in Iran which is disrupting global oil supply, making availability in Australia increasingly uncertain. Today, energy expert Saul Kavonic on what to expect and why government fuel incentives could make the situation worse.Featured: Saul Kavonic, energy analyst, MST Financial
Australia correspondent Karen Middleton examines the ways the Albanese government is helping Australians cope with rising fuel costs - including slashing excise for three months.
The fuel excise, currently sitting at 52.6 cents per litre, will be halved for three months as of Wednesday. Treasury estimates it will reduce the cost of a 65-litre tank by roughly $19. - 現在、1リットルあたり52.6セントの燃料税は、水曜日から3ヵ月間、半分に引き下げられます。財務省の試算では、65リットルの給油で、およそ19ドルの節約になるということです。
Listen to the Top News of 30/03/2026 from Australia in Hindi.
In this bulletin, the federal government announces it will halve the fuel excise from Wednesday, Donald Trump says the US could launch a ground campaign on Iran's Kharg Island. And in tennis, Jannik Sinner becomes the eighth man to complete the Sunshine Double.
Today's headlines include: Prime Minister Anthony Albanese has announced the Government will halve the fuel excise for the next three months, in a bid to bring down petrol prices. Victoria Police have shot and killed Dezi Freeman, the man who killed two police officers in the state’s north-east last August. The Israeli military has suspended a group of soldiers who allegedly attacked CNN journalists in the occupied West Bank. And today's good news: Australian researchers are teaming up with international scientists to restore coral reefs around the world. Hosts: Emma Gillespie and Lucy TassellProducer: Rosa Bowden Want to support The Daily Aus? That's so kind! The best way to do that is to click ‘follow’ on Spotify or Apple and to leave us a five-star review. We would be so grateful. The Daily Aus is a media company focused on delivering accessible and digestible news to young people. We are completely independent. Want more from TDA?Subscribe to The Daily Aus newsletterSubscribe to The Daily Aus’ YouTube Channel Have feedback for us?We’re always looking for new ways to improve what we do. If you’ve got feedback, we’re all ears. Tell us here.See omnystudio.com/listener for privacy information.See omnystudio.com/listener for privacy information.
News Worthy Monday: In today’s episode, with accused cop killer Desi Freeman shot and killed by Police, Channel 7's Cassie Zervos unpacks events at the remote rural Victorian property, with the hunt now on for those who helped him. Plus, Anthony Albanese cuts the fuel excise to help struggling Aussie motorists and the full extent of Cyclone Narelle’s devastation on Exmouth is revealed.See omnystudio.com/listener for privacy information.
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Listen to the top News of 28/03/2026 from Australia in Hindi.
There’s a new TikTok wellness trend doing the rounds: so-called 'Trimester Zero'. But experts warn online fertility advice can be exploitative and is creating unnecessary pressure and anxiety among people trying to conceive. In this episode of The Briefing, Natarsha Belling is joined by Dr Rachel Rodgers, fertility specialist at IVF Australia, to discuss the growing focus on health before pregnancy - and sort fact from fiction. Headlines: PM responds to Trump condemning Australia's lack of support for US in war Calls to cut fuel excise amid skyrocketing costs Cyclone Narelle smashes WA coast Kyle Sandilands has his day in court over $100 million contract Follow The Briefing: TikTok: @thebriefingpodInstagram: @thebriefingpodcast YouTube: @TheBriefingPodcastSee omnystudio.com/listener for privacy information.
In this edition of Moneycontrol Editor's Picks: The government's sharp excise duty cuts on fuel, export curbs, and other measures to stabilise domestic supply, Axis Bank stays cautious even as it eyes future growth, corporate churn continues with layoffs at Nokia's India unit, macro pressures deepen as the rupee hits record lows amid rising crude. Markets remain volatile, though improving valuations offer some comfort to investors navigating an increasingly uncertain economic landscape. Tune in!
Listen to the Top News of 27/03/2026 in Hindi.
The Coalition calls for a halving of the fuel excise for three months; New Zealand outlines a four-phase plan for fuel shortages; Australia's Olympic team organisers welcome a ban on trans athletes in female competition.
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Excise duty cuts for petrol and diesel are now in effect. The Dail voted to approve reductions last night that will see petrol and diesel lowered by 15 cents and 20 cents per litre at the pumps respectively, along with additional supports for hauliers and coach services, as the Government attempts to tackle rising fuel costs. However, consumer groups are warning it may be some days before the cuts are reflected at the pumps. Retailers are allowed to get rid of older more expensive stock that was bought in before the cuts were implemented. Tánaiste Simon Harris says these cuts will be effective for all. But are these measures enough, and who really stands to benefit? To discuss, Alan Morrissey was joined by Meelick Fianna Fáil TD Cathal Crowe and Shannon Sinn Féin TD Donna McGettigan. Image © atlasstudio via Canva
A Clare home heating oil supplier claims rural people are being disregarded by the Government's fuel cost reduction measures. The coalition has introduced a package that will see petrol and diesel lowered by 15 cents and 20 cents per litre at the pumps respectively, along with additional supports for hauliers and coach services. Only households already in receipt of fuel allowance will receive a weekly top up payment of €38, despite home heating oil prices doubling since the start of the Iranian conflict. PJ Ryan of PJ Ryan Oil in Sixmilebridge believes these measures do not go far enough.
Shane Wright, Senior Economics Reporter at The Sydney Morning Herald and The Age joins James Willis to discuss warnings that inflation could hit 5% by June, suggestions to cut the fuel excise, and states disputing the GST carve up. See omnystudio.com/listener for privacy information.
Political Correspondent, Mícheál Lehane on the government's move to intervene amid rising energy costs.
The price of petrol and disel is due to be cut from midnight. Our reporter Barry Gallagher spoke to people in Knocklyon in Dublin about the impact of fuel price increases.
First, we listen to an excerpt from the Express Sports podcast as Mihir Vasavda speaks with The Indian Express' Sandip G and Devendra Pandey about India's emphatic 96-run win over New Zealand in the T20 World Cup final.Next, The Indian Express' Atri Mitra explains the Election Commission's Special Intensive Revision of electoral rolls has flagged document discrepancies and procedural lapses, putting nearly 30 lakh voter records under re-verification. (14:35)And in the end, we look at the Delhi excise policy case, which has returned to the Delhi High Court after the CBI challenged a trial court order discharging Arvind Kejriwal, Manish Sisodia and 21 others. (23:58)Hosted by Ichha SharmaProduced by Shashank Bhargava and Ichha SharmaEdited and mixed by Suresh Pawar
On 27 February, a Delhi trial court dismissed the CBI case against the 23 accused in the Delhi liquor policy case, slamming the CBI for procedural lapses & reliance on hearsay evidence.
In this episode, I cover the steps we must take to cleanse the cancer that is threatening the conservative movement, Hillary Clinton's Epstein deposition, and a shocking video about what's going on in Democrat school districts. New Biden-Era FBI BOMBSHELL: Kash Patel and Susie Wiles Targetedhttps://www.theblaze.com/news/deeply-alarming-patel-goes-on-firing-spree-after-revealing-biden-fbi-snatched-his-phone-records JD Vance Knows EXACTLY Why Democrats Refused to Stand for American Citizens at SOTU https://www.westernjournal.com/watch-jd-vance-says-dems-showed-cowardice-trumps-sotu-address-lack-conviction/ Rubio Says Iran Poses Grave Threat to U.S. as 3rd Round of Nuclear Talks Begin https://www.theepochtimes.com/world/rubio-says-iran-poses-grave-threat-to-us-as-3rd-round-of-nuclear-talks-begin-in-geneva-5991135?src_src=partner&src_cmp=BonginoReport Sponsors: All Family Pharmacy - https://allfamilypharmacy.com/bongino code: Bongino10 Brickhouse Nutrition - https://BrickhouseNutrition.com/dan - code: dan Kalshi - https://kalshi.com/bongino Byrna - https://byrna.com Bon Charge - https://boncharge.com - code: Bongino Learn more about your ad choices. Visit podcastchoices.com/adchoices
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There are only two weeks left until election day! It may not be the most important one of our lifetimes, but Denverites have some really important decisions ahead that will shape the future of our city. At a packed City Cast Denver Neighbors-only live recording last Thursday, host Bree Davies and producer Paul Karolyi were joined by Westword editor Patty Calhoun and our capitol insider Deep Singh Badheshwest a to discuss the biggest issues on our ballots, from the economics of the flavored tobacco ban to the Vibrant Denver bond. Plus, plenty of predictions, gossip, and insider info. For more background on the Department of Excise and License's proposed name change, here's the website they prepared to explain. Paul mentioned our episode with two vape shop owners advocating against the flavored tobacco ban. What do you think about these issues? Do you have a passionate case to make for any of them, one way or another? We'd love to hear it! Text or leave us a voicemail with your name and neighborhood, and you might hear it on the show: 720-500-5418 For even more news from around the city, subscribe to our morning newsletter Hey Denver at denver.citycast.fm. Follow us on Instagram: @citycastdenver Chat with other listeners on reddit: r/CityCastDenver Support City Cast Denver by becoming a member: membership.citycast.fm Learn more about the sponsors of this October 20th episode: Arvada Center Denver Art Museum Denver Health Denver Film Looking to advertise on City Cast Denver? Check out our options for podcast and newsletter ads at citycast.fm/advertise