business investment

Where Have All Our Entrepreneurs Gone?
21 June 2018

Where Have All Our Entrepreneurs Gone?

Australia is has experienced a gigantic fall in entrepreneurship. Between 2003-05 and 2012-14, small business start-ups — as a percentage of all small businesses — declined by 40 per cent. This decline is substantially larger decline than in comparable countries, including the United States, United Kingdom, Canada, and Germany. This is a key finding from a new book by the
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Australia Must Match Trump To Compete On Tax
22 December 2017

Australia Must Match Trump To Compete On Tax

Workers in America are set to enjoy massive Christmas bonuses thanks to Donald Trump cutting the business tax rate. In one of the biggest tax cuts in history, the business rate in the US is set to drop from 35 to 21 per cent. AT & T, the world’s largest telecommunications company, will give each of its 200,000 US workforce a $1000 bonus. This flies
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Senate Must Cut Australia’s High Business Tax
21 December 2017

Senate Must Cut Australia’s High Business Tax

“Australia must cut its high business tax rate so that Australian workers, consumers, and shareholders can keep more of their earned income,” said Daniel Wild, research fellow with the free market think tank the Institute of Public Affairs. President Trump is expected today to sign into law a reduction in the United States’ corporate tax rate from 35 per cent
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A Good Idea From The Turnbull Government
21 November 2017

A Good Idea From The Turnbull Government

Another day, another idea from the Turnbull government. But at least this time it’s a good one. In an address to the Business Council of Australia last night, Prime Minister Turnbull pressed the case for cutting Australia’s high corporate tax rate from 30 per cent to 25 per cent. This, as any economist worth their crust will tell you, is
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Abandonment Of Bank Tax A Win For South Australia
15 November 2017

Abandonment Of Bank Tax A Win For South Australia

“The bank tax would have crushed investment, job creation, and growth in South Australia. It’s good that it has been abandoned,” said Mr Wild, research fellow with the free market think tank the Institute of Public Affairs. Today the South Australian Weatherill Labor government announced it would not be proceeding with the South Australian bank tax. “The South Australian Coalition
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Australia Needs To Lower Its Company Tax Rate
15 November 2017

Australia Needs To Lower Its Company Tax Rate

President Donald Trump is planning to lower company tax to 20 per cent, the British Conservatives will be lowering their company tax from 20 per cent to 17 per cent by 2020, the Netherlands is cutting from 25 per cent to 21 per cent by 2021, and even French President Emmanuel Macron is promising a 25 per cent company tax by 2022. Australia is
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When It Comes To Red Tape Reduction, There’s Reason To Be Hopeful
6 November 2017

When It Comes To Red Tape Reduction, There’s Reason To Be Hopeful

Last Friday night, IPA Director of Policy, Simon Breheny, appeared on Sky TV to discuss the upcoming Queensland election and some of the election commitments that had been put forward. When Simon expressed his enthusiasm and support for the State Opposition’s pledge to cut red tape by twenty percent, he was met with a range of comments by his fellow
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Australia’s Declining Economic Competitiveness
30 October 2017

Australia’s Declining Economic Competitiveness

The World Economic Forum’s annual Global Competitiveness Report ranks the competitiveness of 134 countries. Competitiveness is measured using 114 indicators such as macroeconomic health, the quality of infrastructure, and labour market efficiency, which are derived from statistical analysis and survey data. Economies with a better competitiveness ranking typically have a greater productive capacity, higher business investment, and higher economic growth
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Innovation Statement? The Government Doesn’t Even Allow Lemonade Stands
20 July 2017

Innovation Statement? The Government Doesn’t Even Allow Lemonade Stands

The story of what happened to Chelsea-lee Downes reveals everything that’s wrong with Australia’s attitude to innovation and risk-taking. Malcolm Turnbull and Chris Pyne’s Innovation Statement released on Monday is a good start. Less important than the statement’s billion dollars of handouts is its recognition that our attitude to innovation must change. And of course, the biggest source of opposition
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Australia Must Now Follow The United States And Cut Red Tape
23 November 2016

Australia Must Now Follow The United States And Cut Red Tape

“Australia must follow President-Elect Donald Trump’s plan to cut red tape otherwise we will be rendered uncompetitive and unable to attract global investment,” said Daniel Wild, Research Fellow with the free-market think tank, the Institute of Public Affairs. The President-Elect has put forward a number of proposals to cut red tape, including: abolishing two regulations for each new regulation introduced;
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