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Tag Archives: tax reform
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
Various premiers have finally despaired of the torpor of the Turnbull administration. .. so the states have begun to go it on their own.
The Prime Minister seems to have been encouraging speculation that the Government has decided not to consider any reform of taxation that involves an increase in the GST. If true, hardly a courageous decision, given the support he has received … Continue reading
One useful outcome from the Council of Australian Governments (COAG) meeting on 11 December, was its acknowledgement of the “emerging budgetary pressures across all levels of government, particularly in the health sector.” This acknowledgement must be the critical starting point … Continue reading
If we look at the tax reforms of the past we can observe a few clear problems that are accumulating from design compromises. We replaced narrow indirect taxes with a broader GST, but the GST base is narrower than consumption … Continue reading
With Federal Budget deficits projected to continue indefinitely, the one thing that is generally agreed is that fiscal repair and consolidation is absolutely necessary. Where there is debate, however, is about how much of the repair job must be achieved … Continue reading
Where to from here? So what is the Government’s strategy to return the Budget to return to surplus as the government has promised over the medium term? The May Budget was almost universally criticised for its unfairness. While restoring fiscal … Continue reading
For months the government and its various spokesmen in the Australian have been warning us that the nation faces a catastrophe if the Budget does not pass the Parliament intact. Essentially we were told that there was ‘no alternative’ if … Continue reading