Multimillion-Dollar Restaurant CEO Scaled Back His Luxury Spending on Range Rovers and McLarens Amid Economic Uncertainty
Multimillion-dollar restaurant CEO used to splurge on Range Rovers and McLarens—but he’s reining it in now, because today’s economy makes no sense When the big paychecks roll in after building a successful business, it may be tempting to splurge on designer clothes, luxury mansions, and high-tech gadgets. When Derrick Hayes—an entrepreneur who grew up in […]
Revised Petroleum Resource and Rent Tax Expected to Generate $4 Billion Less Than Initially Projected
Reworked Petroleum Resource and Rent Tax raising $4 billion less than first thought The tax on oil and gas profits is expected to raise $4 billion less than the government forecasted when it first announced a rework of the tax in 2023. Last year Treasurer Jim Chalmers amended the Petroleum Resource Rent Tax, which applies […]