tax

Why We Will Always Get Stung On Super
23 March 2018

Why We Will Always Get Stung On Super

Tony Abbott made some blunders as prime minister. He raised the top rate of income tax, ruled out curtailing health and education spending, and he walked away from his commitments on freedom of speech. But for all of this, there’s one mistake he didn’t make. He didn’t throw into chaos the plans of tens of thousands of self-funded retirees – which is
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Could A Hypothetical Couple Survive On Wind Energy?
8 March 2018

Could A Hypothetical Couple Survive On Wind Energy?

Maybe those people that oppose coal should go without it for a day. Good luck with that. Here is the breakdown of coal and wind energy generation in Australia from this morning: The New York Times, desperate to write a hit piece about President Trump’s tax cuts, couldn’t find anyone that was actually going to be worse off – so they had to make
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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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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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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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SA’s Bank Levy Adding To Business’ Burden Is Derelict Conduct
26 June 2017

SA’s Bank Levy Adding To Business’ Burden Is Derelict Conduct

It’s hard to know where to start on the South Australian bank tax. It is just that bad. The massive new impost on the four major banks and the ­Macquarie Group was announced by SA Treasurer Tom Kout­san­tonis in the state budget ­released last week. The Treasurer believes the tax will raise $370 million over the next four years. But as
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IPA: SA Bank Levy Economic Vandalism
23 June 2017

IPA: SA Bank Levy Economic Vandalism

“A South Australian Bank levy is an outrageous act of economic vandalism,” said RMIT Professor Sinclair Davidson, Senior Fellow at free market think tank the Institute of Public Affairs. “This is precisely the sort of state-based nuisance tax that the GST was brought in to eliminate. It is very disappointing that politicians are reneging on the tax deal that the
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High Tax: The Pillar Of What Civilisation?
16 June 2017

High Tax: The Pillar Of What Civilisation?

“Progressive” think tank Per Capita recently released the results of their annual tax survey. It turns out that 51.5 per cent of Australians think they pay about the right amount of tax. 39.6 per cent reckon they pay too much and a mere 1.9 per cent think they pay too little tax. It turns out that both young and old
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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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New IPA Research: Government Should Abandon Bank Tax
26 May 2017

New IPA Research: Government Should Abandon Bank Tax

Free market think tank the Institute of Public Affairs today released a research brief outlining why the Government should abandon its proposed changes to the banking sector. The brief argues that the proposed changes are illiberal and exemplify bad policy process; the bank tax will be paid for by all Australians; and the wage and price controls will distort the
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