IPA Today

3 Reasons Why Westpac is Wrong on Coal
11 May 2017

3 Reasons Why Westpac is Wrong on Coal

Westpac’s new Climate Change Action Plan limits new thermal coal lending to existing basins and to projects with an energy content of at least 6,300kCal/kg23. If adopted by all financial institutions and applied to current projects, most of Australia’s current coal-fired power generators and energy coal export mines would need to bank overseas. Rather than setting artificial benchmarks that would damage
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Bank Tax Is An Arbitrary Abuse Of Government Power
11 May 2017

Bank Tax Is An Arbitrary Abuse Of Government Power

“The bank tax is an unconscionable violation of the Coalition government’s low tax principles. All taxes are paid for by workers, consumers, and shareholders. The bank tax is no exception. It must not go ahead,” says Daniel Wild, research fellow with the free market think tank, the Institute of Public Affairs. In the 2017-18 Budget, the Government announced a new
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Next The NYT Will Ask Hollywood Why Trump Won
11 May 2017

Next The NYT Will Ask Hollywood Why Trump Won

Taxes are up, spending is up, debt is growing – as John Roskam said, “this is a Labor budget delivered by a Coalition government“. This graph shows Commonwealth tax will reach 23.7% of GDP by 2021: And this graph shows interest payments on Commonwealth government debt will reach $1.7bn per month by 2021: Minutes after the budget lock-up broke on
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The New South Wales Government’s Bold Criminal Justice Reforms Will Improve Community Safety
9 May 2017

The New South Wales Government’s Bold Criminal Justice Reforms Will Improve Community Safety

“The New South Wales Government should be congratulated for its bold criminal justice reforms, which will improve community safety and have the potential to save taxpayers money in the longer term,” said Andrew Bushnell, Research Fellow at the free-market think tank, the Institute of Public Affairs. The New South Wales Government today announced a package of reforms to the administration
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Turnbull And Trump Showed We Were Allies, Now To Work Together On China
8 May 2017

Turnbull And Trump Showed We Were Allies, Now To Work Together On China

Relief may be Malcolm Turnbull’s overwhelming emotion as he settles back for the long flight home from New York before a crucial budget. Returning to his home town and the inevitable protests for the first time since the inauguration, President Trump may have kept the PM waiting for a few hours. But it was worth it. Trump was welcoming, warm
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Let’s Put People In Charge Of Their Own Super
5 May 2017

Let’s Put People In Charge Of Their Own Super

Imagine if your boss called you into their office to tell you they had decided who you could bank with. Or your private telephone or electricity provider. Or whether you had to invest in shares or even the make of private car you could drive. While most Australians would consider employer involvement in these private financial matters to be antiquated,
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Reducing Red Tape In Australia – One In Two Out Rule
4 May 2017

Reducing Red Tape In Australia – One In Two Out Rule

Red tape costs the Australian economy $176 billion, 11 per cent of GDP, each year in foregone economic output. Similarly, in the US red tape is estimated to cost $2 trillion annually, or 12 per cent of GDP.1 On 30 January 2017, the Trump Administration released the Presidential Executive Order on Reducing Regulation and Controlling Regulatory Costs. The Order announced
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Australia Needs A One In Two Out Rule
4 May 2017

Australia Needs A One In Two Out Rule

Today the Institute of Public Affairs released a new research report, Reducing Red Tape in Australia: ‘One in, Two Out’ Rule. The research found Australia would have 107,885 fewer pages of regulation and 6,990 fewer rules today if a one-in-two-out rule was implemented when the Coalition formed Government in September 2013. This comes after United States President Donald Trump signed
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Reality Is ‘The Rich’ Do Pay Their Fair Share
4 May 2017

Reality Is ‘The Rich’ Do Pay Their Fair Share

It is pre-budget silly season again. You know, the time of year when we get to hear all of the good -reasons why government should spend more money. It is also when we get to hear why government should tax more. To hear some people tell it, the power of taxation is quite astonishing – it can solve any and
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Sadly You Can Eat What You Like Around Your Hunger Strike
4 May 2017

Sadly You Can Eat What You Like Around Your Hunger Strike

In 1971 there were 57 pages of federal environmental legislation. In 2016, there was an astonishing 4,669 pages. That’s from our new report The Growth of Federal Environmental Law 1971 to 2016, authored by Morgan Begg. The Australian covered it on its front page on Saturday: Red tape costs Australia $176 billion every year. Today the IPA’s Daniel Wild published
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