The family has raised questions after a father of three went overboard from a cruise ship after losing $9,000 over two nights on the P&O Pacific Adventure. Shane Dixon, 50, first lost $5,000, then borrowed money off his mother and lost another $4,000. Dixons family maintained he was lured by high-roller incentives into losing the…
DetailsA Las Vegas casino has denied Bruno Mars racked up a $50 million (39 million) gambling debt. A representative for MGM Resorts International issued a formal statement on Monday to describe a supportive relationship with the Uptown Funk singer, and refute reports Bruno, 38, had incurred multimillion dollar debts at the company’s casinos. “We’re proud…
DetailsLast week I scored a trifecta, managing to upset people in three ways. First, for my supposed anti-immigration stance, second, for hating on Elon Musk (the bromance is still strong with some readers, even though his car company is as bad as the rest in terms of spying on drivers) and, finally, from animal lovers…
DetailsIn short: Student debts will be lowered for more than three million Australians under reforms designed to stop HECS loans growing faster than wages. Loan indexation will now match whichever is lower out of the Consumer Price Index or the Wage Price Index which the government says will prevent another shock increase like last year’s 7.1 per cent…
DetailsPersonal Finance Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Loans Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Personal Loans I’m an…
DetailsThe global economy avoided what could have been a systemic debt crisis during the turbulence of recent years, but vulnerabilities remain amid high debt servicing costs that pose an important challenge for low and middle-income countries. Some may yet confront major tests. When countries do falter on debt, restructuring is critical to containing the damage.…
DetailsBrett McGrath, President of the Law Society of NSW, has renewed calls for a debt relief scheme to incentivise lawyers to practice in rural, regional, and remote (RRR) areas. During a visit to Lismore, which experienced a significant exodus of lawyers following the devastating floods in 2022, McGrath highlighted the urgent need for legal services…
DetailsBreakfast Seminar | Event | Canberra This event will be held on Thursday, 14 March 2024. We are delighted to extend a special invitation to you for our upcoming seminar Insolvency Trends, Small Business Restructuring, Industry Pressures & Solutions focused on providing a comprehensive update on the insolvency market, small business restructuring, and addressing critical…
DetailsAustralia has not been immune to the economic impacts of global financial and geopolitical events. The recent global economic downturn has brought about a heightened focus on financial stability and risk management in Australian businesses. Sponsors and financiers alike are now navigating a complex economic terrain marked by: volatile markets; supply chain disruptions; asset re-valuations;…
DetailsImplications of 2022 tax reform and TP compliance for maquiladoras The maquiladora regime in Mexico refers to an export-oriented manufacturing programme that allows foreign multinationals to establish factories (maquiladoras) in Mexico. Under Mexican Income Tax Law (MITL) regulations, maquiladoras operate in Mexico as manufacturers and import, on consignment, machinery, equipment, and inventory duty and VAT…
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