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ABC News Australia | Business News: Australian shares slide on US debt warning

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Australian shares slide on US debt warning A downgrade in the US credit outlook from neutral to negative has seen around $20 billion wiped off the value of Australian stocks.   Tax Office 'lacks technical, legal expertise' A review of the way the tax office handles small and medium-sized enterprises has heard that Australian Tax Office auditors lack technical and legal expertise. $5m collected in inner Sydney parking fines It is not just finding a parking spot that is causing pain for inner Sydney motorists. More Business Stories >