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Category Archives: Taxation
This article considers the future Budget outlook and argues that the key issue for tax reform is how best to raise the additional revenue that will be needed. The article builds on Ian McAuley’s recent post arguing that well-designed taxes … Continue reading
The idea that government economic policy should only be about making capitalist enterprise easier is just plain wrong. It should be trying to make it better for the nation.
Shorten has brought tax reform to the political arena. Let’s hope the Labor Party doesn’t go to water between now and the next election, because we need more public revenue and a fairer and less distortionary tax system.
Environmental NGOs fear the Federal Government is moving to limit their public’ advocacy by requiring them to spend 50% of their income on practical environmental tasks such as tree planting.
My previous article on Why Blame Neo-Liberal Economics, which argued that neo-liberal economics was not a main cause of increasing inequality, drew an unusually large and mostly critical response. While it is not feasible to respond to all the detailed … Continue reading
Peering at the local accounts of Rupert Murdoch’s News Corp and Goldman Sachs … is the government’s claim to have sorted multinational tax avoidance correct? As they gaze down from their glass eyries, partners of the Big Four accounting firms … Continue reading
While all Western democracies accept the need for social safety nets, conservative governments point to moral hazard to justify less generous public provisions, while progressive parties prioritize more assistance to the needy over additional minor inconvenience to the better off
There is much discussion about the benefits of reducing tax so that Australia can be competitive with other countries in the world. This is only of consequence to multinational companies considering where to establish their headquarters. All small companies and medium-sized … Continue reading
The Commonwealth’s budget has a Keynesian boost for a sluggish economy, and is based on an optimistic, or even heroic, assumption that economic growth will deliver a fiscal surplus within a few years. We have heard similar claims from treasurers, … Continue reading
This Budget represents a welcome change in direction. Forget the politics, it deserves to be supported. This latest Coalition Budget finally reflects a realistic appraisal of Australia’s fiscal needs.
Budget repair was never going to be easy. That is one reason why it has taken so long with quite a few false starts. While some of the individual decisions in this Budget are debateable, overall the quality of the … Continue reading
The political future of Kelly O’Dwyer, Minister for Revenue and Financial Services (presently on maternity leave) is uncertain, as Liberal Party members in her electorate move to disendorse her. On one level this conflict can be seen as the shenanigans … Continue reading
For a country that prides itself on the egalitarian ethos of a ‘fair go’ for all, the latest results from the OECD’s Programme for International Student Assessment (PISA) are a distressing reminder that many are not getting a fair go … Continue reading
Most commentators on the crisis in housing affordability correctly attribute the problem, in part, to the Howard Government’s decision in 1999 to “halve the taxation of capital gains”. But that was only one aspect of the 1999 change: the other … Continue reading
The starting point is putting a price on carbon – some form of emissions trading policy. But this is total anathema to the coalition party room – worse even than negative gearing.
Firms whose executives behave ‘unethically’, as proxied by not paying any company tax, are also likely to pay their CEOs an average of around a fifth more than firms of similar size and circumstances who do pay company tax.
TREVOR COBBOLD. Disadvantaged Students Denied Adequate Funding by Massive Tax Concessions for the Wealthy
The latest Tax Expenditures Statement shows that Australia can easily afford the Gonski funding plan to bring under-resourced public schools up to the national standard and reduce the large proportion of disadvantaged students not achieving expected benchmarks. It is simply … Continue reading
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.
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
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 ?
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
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
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
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
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.
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
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