Business

Six Myths About The Business Tax Cut
5 February 2018

Six Myths About The Business Tax Cut

Our new research brief debunks six myths surrounding the Turnbull government’s proposal to cut the company tax rate to 25 per cent from 30 per cent. Australia has a high corporate tax rate compared with other nations. Reducing the tax rate will increase investment, which will increase competition, output, and, consequently, the demand for Australian workers. This will raise both
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Barriers To Prosperity: Red Tape And The Regulatory State In Australia
7 November 2017

Barriers To Prosperity: Red Tape And The Regulatory State In Australia

Australia has experienced 26 years of unbroken economic growth. However, this aggregate figure masks stagnant wages growth and a deterioration in the living standards of many in the Australian middle class. The central cause of this deterioration is low and declining levels of business investment, which is approaching historic lows. Overregulation and red tape are two key causes of weak
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IPA Report: Red Tape Reaches Crisis Point In Australia
7 November 2017

IPA Report: Red Tape Reaches Crisis Point In Australia

Free market think tank the Institute of Public Affairs has today released a new landmark report, Barriers to Prosperity: Red Tape and the Regulatory State in Australia, authored by IPA research fellow Daniel Wild, which highlights the extent of the red tape crisis in Australia “Red tape in Australia has reached a crisis point. Urgent action is needed from policy
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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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Fair Work And The Right To Work
26 June 2017

Fair Work And The Right To Work

The Rudd Government’s 2009 overhaul of Australia’s industrial relations regime represented a substantial reversal of almost two decades of reform. Australia’s trajectory towards decentralised wage-setting directly between employers and employees was arrested in favour of a system with government and trade unions at its core. The reregulation of the labour market by the Fair Work regime (‘Fair Work’) has not
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The Unfair Work Act
26 June 2017

The Unfair Work Act

“Fair Work has been a disaster for our economy, for businesses and, importantly, for thousands of Australian workers,” said Gideon Rozner, research fellow at the free market think tank the Institute of Public Affairs. The IPA Dignity of Work Project has today released its first major report: Fair Work and the Right to Work by IPA research fellow Gideon Rozner.
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Submission: Inquiry into the Major Bank Levy Bill 2017 and the Treasury Laws Amendment (Major Bank Levy) Bill 2017
16 June 2017

Submission: Inquiry into the Major Bank Levy Bill 2017 and the Treasury Laws Amendment (Major Bank Levy) Bill 2017

The Government’s proposed levy should be abandoned. It is a tax on all Australians which will increase the cost of buying a house and starting a business, was designed without consultation, and is predicated on highly illiberal grounds. The IPA’s Daniel Wild suggests in a submission to the Inquiry into the Major Bank Levy Bill 2017 and the Treasury Laws
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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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Placing GST On Online Purchases Is A Tax Increase Which Will Place Australian Consumers At Risk
21 April 2017

Placing GST On Online Purchases Is A Tax Increase Which Will Place Australian Consumers At Risk

“The government’s plan to impose GST on goods purchased from foreign online retailers is a tax increase and should be rejected by the parliament”, said Dr Chris Berg. Dr Berg and Professor Sinclair Davidson, RMIT economists and senior fellows at the free market think tank the Institute of Public Affairs, will appear this morning before the Senate Economics Legislation Committee
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GST Change Is A Plain And Simple Tariff, Scott Morrison
11 April 2017

GST Change Is A Plain And Simple Tariff, Scott Morrison

The Turnbull government’s proposal to eliminate the $1000 threshold before the GST is levied on imported goods is not a tax integrity measure. It is a tariff, and one that will have serious repercussions that the government does not seem to have considered seriously. The end of the low-value threshold was first flagged by the government in December 2014. It
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