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5 things you need to know today

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Published on: Friday, April 12, 2019

1. Prime Minister Scott Morrison has released Treasury costings that show Labor's tax policies, including its decision to not match the Coalition's income tax cuts, will cost an extra $387 billion over the next ten years.

2. Opposition Leader Bill Shorten responded to the costings, claiming that Treasury "just says what the government wants them to say". Shorten also criticised tax deductions for accounting fees for high income earners. 

3. WikiLeaks founder Julian Assange is facing extradition to the US after being arrested by British police from the Ecuadorian Embassy in London for breaching bail.

4. The Real Estate Institute of Australia will launch a campaign against the Labor Party's changes to negative gearing in the lead up to the election. The group represents around 95% of the 36,000 real estate businesses in the country according to The Australian.

5. As earnings season kicks off in the United States, the Dow Jones and S&P 500 were flat with a 0.05% drop and 0.003% gain, respectively. Meanwhile, the Nasdaq fell 0.21%.


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