Thirty-five of the ASX 200 companies saw a turnover in Chief Executive Officer (CEO) in 2014, almost 35 percent more than the global average, including 8 unplanned succession events which cost $8 billion in foregone shareholder value, PwC's Strategy& 15th annual study of chief executive succession released today reveals.
If the company tax rate was reduced from 30 to 25 per cent over the next five years gross domestic product (GDP) would grow $291 billion and income tax revenues would generate $4 billion up to the year 2025, PwC modelling released today shows.
Violence against women and their children is costing Australia $21.7 billion each year, with Governments carrying more than a third of the cost burden; as shown in the report A high price to pay: the economic case for preventing violence against women.
Australia has slipped four places to 17th in OECD rankings for employment of under 25-year-olds with a focus on STEM skills.
Major tax reform is the most sensible lever to pull to combat a projected $48 billion in lost revenue in our new low growth economy, PwC Australia Economics and Policy Partner Jeremy Thorpe said while releasing new long term fiscal and economic modelling..