Category Archives: Taxation

TIM COLEBATCH. Why gas prices went sky-high, and what governments need to do about it

There is an overwhelming consensus that the centrepiece should be an emissions intensity scheme, as proposed by the draft Finkel report, by the government’s handpicked Climate Change Authority, and by electricity generators and big users alike. This would give the energy industry … Continue reading

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IAN VERRENDER. Malcolm Turnbull faces growing discontent from the middle, not just the fringes

Has there ever been a more demoralising time to be Prime Minister?  There’s been the expected sniping from the sidelines and the continued calls for the Coalition to shore up its base and prevent leakage to parties like One Nation. 

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PAUL CLEARY. How Australia wasted the mining boom.

The countries that have mastered the development of their resources, most notably Norway, worked out long ago that to truly prosper in the long run, the citizens who own these assets are entitled to share in the super profits derived … Continue reading

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JIM COOMBS. Do We choose reason and proportion or “Economic Reform” ?

So long as government vacates the field, the balance between rich and poor lurches further towards the rich. 8 individuals control half of the world’s wealth. Is that Balance or proportionate ? 

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MICHAEL SAINSBURY. A shonky affair.

Here lies the exquisite dilemma for the Packer lobbyists: help push the Chinese side to get a better deal, perhaps an exchange program for their incarcerated staff, or strike another deal, leaving all those ill-gotten gains sloshing around Sydney and … Continue reading

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TIM AYRES. What We Leave Behind: The Case for Universal Inheritance, including an inheritance tax.

Older Australians are enjoying a growing share of Australia’s wealth; the wealth of younger Australians has stagnated. Structural changes to the labour market threatens to leave more young people in low wage, precarious work than any generation before them, and … Continue reading

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OLIVER FRANKEL. Focusing on supply only will not solve the affordable housing crisis

There is now widespread recognition in the echelons of government, both Federal and State, that we face an affordable housing crisis. However, there is still no consensus about how to solve it.   The Coalition insists the problem can be … Continue reading

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DAVID JAMES.Wage inequality is a bigger threat to workers than robots

he issue of jobs cannot be seen as separate from wealth distribution. The problem is — as Henry Ford understood when he paid his workers well so they could buy his cars — that too much social inequality means insufficient … Continue reading

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IAN McAULEY. Brexit, Trump and the Lucky Country – Introduction

John Menadue – introduction to Ian McAuley Series. Many have been surprised and even horrified by the Brexit and Trump results. These events are likely to be followed by similar outcomes in elections in other countries this year. Serious issues … Continue reading

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MICHAEL KEATING. Mid-Year Economic and Fiscal Outlook, 2016

The Government’s Mid-Year Economic and Fiscal Outlook (MYEFO) released yesterday contains few changes and no surprises. The critical question is whether the path back to surplus is actually credible, especially given the many failed promises in the past. This post … Continue reading

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MUNGO MacCALLUM. George Brandis is a dead man walking.

What is not clear is whether George Brandis was genuinely ignorant of the implications of the tax case or whether he deliberately ignored them. In either case, he should immediately have resigned.  

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LAURENCE TROY. Sydney needs higher affordable housing targets.

  The release this week by the Greater Sydney Commission of city-wide draft plansmandating some measure of affordable housing in new developments is a step in the right direction. However, the target of 5-10% on rezoned land is too low … Continue reading

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GEOFFREY HARCOURT. The pluses and minuses of globalisation

  Donald Trump’s victory in the American Presidential election has brought into prominence greatly divergent views concerning the merits or demerits of globalisation. Here we set out the criteria that need to be met before globalisation can be regarded as … Continue reading

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ALLAN PATIENCE. What’s Next After Neo-Liberalism?

The evidence is now irrefutable that the neo-liberal project that has dominated public policy across the major economies for nearly four decades now has been an unmitigated disaster. If nothing else, those who voted for Donald Trump have made that … Continue reading

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ROSS GARNAUT. Capitalism, Socialism and Democracy. Part 2.

The Challenge of Globalisation. This is the second of a two-part series of extracts from an address which Professor Ross Garnaut gave to the Sydney Democracy Network, University of Sydney, 7 September 2016.  The full text of his address can be … Continue reading

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MUNGO MacCALLUM. Trickle down.

  The economic theory known as supply side is better known as trickle down, because it goes something like this. You give large sums of money to those who already have it, because they know the best way to handle … Continue reading

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JOHN MENADUE and IAN McAULEY. The future of globalisation.

Rescuing globalisation from cheer leaders and populists. If we cannot make globalisation work for all, in the end it will work for none.  Kofi Annan Last week John Menadue raised the issue of globalisation, welcoming comment from other people in … Continue reading

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MICHAEL KEATING. Superannuation Tax Concessions

  Almost everyone agrees that Budget repair will only be possible if both the revenue side of the Budget is reviewed as well as the expenditure side. In that context, the tax concessions for superannuation have loomed as a prime … Continue reading

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JOHN MENADUE. ‘Faster economic growth demands better chief executives’.

  There was a revealing heading in a recent article by Ross Gittins, the economics editor of the SMH, ‘Faster growth demands better chief executives’. He concluded his article by pointing to the need for business leadership to seize the … Continue reading

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PETER WHITEFORD & DANIEL NETHERY. Where to for welfare?

  The Coalition’s proposed budget cuts would have a disproportionate impact on low-income groups, write Peter Whiteford and Daniel Nethery in this detailed analysis for Inside Story.

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JOHN MENADUE. Medicare, Private Health Insurance and the ALP

In my article, ‘Down a different path in Melbourne: how Medibank was conceived’ written in 2000 for the Medical Journal of Australia (see link below), I described the history from 1967 to 1975 which led to Medibank/Medicare.  In that article, … Continue reading

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BRUCE DUNCAN. Don’t blame welfare for budget woes

  Prime Minister Turnbull promised us more centrist and fairer policies, but the Treasurer Mr Morrison appears to be playing a politics of resentment against people on income supports. On 25 August he declared: ‘There is a new divide – … Continue reading

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JOHN MENADUE. Road funding – what is going on.

Road funding is becoming a mess with quite serious misunderstandings of what is being spent and how much is being wasted. The benefits are of increasing doubt. In this blog I carried a post by John Austen ‘Road spending incurs … Continue reading

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JOHN MENADUE: ‘Plan for a strong new economy’

  As a voter in the prime minister’s electorate of Wentworth, I have received two letterbox drops from Malcolm Turnbull on a 5-point plan for economic growth and jobs. This 5 point plan is the centre piece of Malcolm Turnbull’s … Continue reading

Posted in Defence/Security, Economy, Federal Election 2016, Foreign Affairs and Trade, NBN, Politics, Taxation | Tagged , , , , , | 2 Comments

MUNGO MacCALLUM: Tax – in the eye of the beholder.

The dementors of Newscorps couldn’t believe their luck. When the hapless Duncan Storrer rose to ask why rich people were to receive tax cuts while the poor, like himself, did not, the man ticked all the boxes. He was obviously … Continue reading

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John Menadue. Are conservatives better economic managers?

Are conservatives better economic managers? Part 1 In my blog of 3 May 2016, I queried the claim by Malcolm Turnbull and apparently supported by many media commentators and also by the public, that conservatives are better economic managers. The … Continue reading

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Michael Keating. The 2016-17 Budget. Part 1 of 2.

The Turnbull Government’s Budget for 2016-17 reflects an essentially ‘steady as she goes’ fiscal strategy. Not that that is a fault – indeed it can be a virtue, especially when matched against the give-aways in other previous pre-election budgets. Furthermore, … Continue reading

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Michael Keating. The Government’s Plan for Jobs and Growth. Part 2 of 2.

On Tuesday night the Treasurer announced that this year’s Budget was like none other – this Budget represents the Government’s Plan for Jobs and Growth. Presumably the Government hopes that its Plan will represent such a compelling narrative that it … Continue reading

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Adrian Bauman & William Bellew. Does a spoonful of sugar help the medicine go down?

“A spoonful of sugar helps the medicine go down”, according to Mary Poppins. Many more spoonfuls of sugar currently pervade our lifestyles and unconscious food choices. The recent media focus on sugar has been remarkable, but the media frenzy has … Continue reading

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