economics

SA Bank Levy Has Already Caused Harm To The South Australian Economy
7 July 2017

SA Bank Levy Has Already Caused Harm To The South Australian Economy

A new report released today by the Institute of Public Affairs, has found that the South Australian Bank Levy has already damaged the investment reputation of South Australia, despite not yet being put to Parliament. The Report The South Australia Major Bank Levy: Arbitrary, unjustified, and harmful for South Australia and the rest of the country, by Dr Chris Berg
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The South Australian Major Bank Levy: Arbitrary, Unjustified, and Harmful for South Australia And The Rest Of The Country
7 July 2017

The South Australian Major Bank Levy: Arbitrary, Unjustified, and Harmful for South Australia And The Rest Of The Country

In the South Australian state budget 2017-18, South Australian Treasurer Tom Koutsantonis announced that the state government intended to introduce a South Australian Major Bank Levy, one of two revenue measures “to help us meet the cost of our significant support for driving economic growth and creating more jobs”.1 Treasurer Koutsantonis made clear that this levy was explicitly modelled on
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Liberals Right To Reject Economic Vandalism
3 July 2017

Liberals Right To Reject Economic Vandalism

Free market think tank the Institute of Public Affairs has welcomed the call of the South Australian Liberal Party Room to block South Australia’s disastrous bank levy. “This is a bad tax which should never see the light of day. Steven Marshall and the Liberals are right to block it,” said Daniel Wild, research fellow at the IPA. “The Bank
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State Government Bank Levy Makes South Australia Riskiest Place For Investment In Australia
3 July 2017

State Government Bank Levy Makes South Australia Riskiest Place For Investment In Australia

Imagine being an international investor looking at Treasurer Tom Koutsantonis’s Budget. You wouldn’t be interested in his infrastructure spend and “future jobs fund”. You’d immediately hone in on the fact that the South Australian government has doubled down on the Federal Coalition’s bank levy by introducing its own state bank levy. And you’d immediately understand that this makes SA the
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How Howard’s Great GST Bargain Got Trashed By Canberra
28 June 2017

How Howard’s Great GST Bargain Got Trashed By Canberra

Policy elites take the view that former prime minister John Howard did a deal with Meg Lees and the Democrats to introduce the GST. In a trivial procedural sense that is accurate. More importantly, however, Howard did a deal with the Australian people that in return for repealing a huge bunch of nuisance taxes, the Commonwealth could levy a broad-based
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Central Bank Has A Strange Idea Of How To Strengthen The Economy
24 June 2017

Central Bank Has A Strange Idea Of How To Strengthen The Economy

Who wouldn’t like to get a huge pay increase? According to RBA governor Philip Lowe we should all be nagging our bosses for a greater share of the national economic pie. If we all got a huge pay increase that “would be a good thing”. Mind you – keeping our jobs would be a very good thing. Therein lies the
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Diverted Profits Tax Will Go Nowhere
28 March 2017

Diverted Profits Tax Will Go Nowhere

The Turnbull government’s diverted profit tax has passed the Parliament. Introduced in response to the moral panic that, somewhere, somehow multinational corporations don’t pay a fair share of taxation, this new tax is at odds with the government’s professed belief in lowering the corporate tax burdens, is at odds with our international competitors, and (as we learnt just this month),
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Australian Taxation Office Vindicates IPA Research And Admits Corporate Tax Avoidance Is Relatively Modest
16 March 2017

Australian Taxation Office Vindicates IPA Research And Admits Corporate Tax Avoidance Is Relatively Modest

“Comments made today by the Tax Commissioner Chris Jordan that corporate tax avoidance is a minor issue vindicate Institute of Public Affairs research”, said Chris Berg, postdoctoral fellow at RMIT and senior fellow at the Institute of Public Affairs. In comments reported by the Australian Financial Review today, Commissioner Jordan argued that while “everyone is focusing on the large multinationals
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There Is A Better Home For Superannuation
16 March 2017

There Is A Better Home For Superannuation

Giving people access to their own money is an uncontroversial idea. Young people trying to enter the housing market should be granted access to their own superannuation accounts to help make it happen. One of the biggest hurdles young people have to clear in buying their first home is saving enough money for a deposit. It takes time, and with
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Business Investment In Australia Now Lower Than Under Whitlam
8 March 2017

Business Investment In Australia Now Lower Than Under Whitlam

Business investment in Australia is 12.2% of GDP and is forecast to fall to a record low nine per cent of GDP by 2020, according to Macquarie Research. During the Whitlam era of economic crisis business investment averaged 13.7% of GDP. Download the full report here
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