China's economy continues to expand, driven mainly by a boom in infrastructure and construction. In Q1 of 2008, GDP expanded by 10.6% year-on-year, almost at the same speed as the previous quarter (11%) despite the devastating earthquake in the Sichuan province.

Generally speaking, people find the topic of taxation extremely boring except when they find out that they are getting a refund. The sad news is that getting a tax refund means that you overpaid in the first place.

While worldwide economies are feeling the impact of a severe financial crisis, the Australian Government is successfully implementing policies to reign in inflation and promote the nation's economic expansion, tipping a 3% annual growth rate this year and next.