Taxation

Bloated Super Sector Sucking Up Workers’ Wealth
5 November 2020

Bloated Super Sector Sucking Up Workers’ Wealth

The Morrison government has a key decision to make before the end of this financial year: does it stand with mainstream Australians who have suffered through the lockdown-induced recession, or with the financial sector and industry super elites that are seeking to line their pockets further at the expense of working people? The compulsory superannuation contribution rate is legislated to
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Economic Zone Can Be Boost For North
31 January 2020

Economic Zone Can Be Boost For North

Making Northern Australia a special economic zone with low taxes and less red tape, and devolving governance away from Canberra to regional hubs such the Kimberly, will deliver an economic boom and make Australia safer. According to a report earlier this month, the Government is planning to strengthen Australia’s engagement with India and Southeast Asia, in part to reduce Australia’s
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Why The Holes In Bowen’s Numbers Matter
11 April 2019

Why The Holes In Bowen’s Numbers Matter

Spare a thought for Chris Bowen. It turns out a number he has been quoting for some time is bogus. To be fair there is no reason to doubt that he relied on that number in good faith. Yet he has a history of relying on numbers and analysis that turn out to be problematic. In 2008 Bowen relied on
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Labor Is Coming After Apple Pie-Baking Nanas
1 February 2019

Labor Is Coming After Apple Pie-Baking Nanas

On Thursday, Labor’s Shadow Treasurer Chris Bowen said something that a politician is never supposed to utter. At least not in public. In response to those who will face higher taxes under Labor’s proposed changes to Australia’s dividend imputation system, Bowen said they were “entitled to vote against us”. On one level this is unobjectionable as it describes the democratic
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It’s Not Just Tax And Spend But Tax And Lie
24 May 2018

It’s Not Just Tax And Spend But Tax And Lie

If Scott Morrison and Malcolm Turnbull were corporate CEOs, they’d be done for misleading and deceptive conduct. They claim that the 2018-19 Budget will cut taxes. To most people, this would mean the amount of tax they pay next year will be less than what they pay this year. Yet, the government’s own Budget figures show that taxes are rising
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Why It Would Be Wrong Not To Cut Company Tax
24 April 2018

Why It Would Be Wrong Not To Cut Company Tax

Writing in these pages Professor Peter Swan AO has forwarded several arguments against the federal government’s proposed company tax rate changes. While he is a giant of the profession and a treasure to the nation, I hope he has made a rare error. Professor Swan suggests the government modelling in favour of the company tax rate cuts is entirely flawed. Undoubtedly, based on
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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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Understanding Inequality In Australia
27 November 2017

Understanding Inequality In Australia

The best available evidence demonstrates that income inequality is low and declining in Australia. Suggestions to the contrary rely on highly unreliable and potentially misleading measures, such as the income share earned by the top 1% of income earners. Further, Australia has the third most equal distribution of net wealth in the developed world, the second lowest proportion of adults
Inequality Low And Decreasing
27 November 2017

Inequality Low And Decreasing

Free market think tank the Institute of Public Affairs has today released a new landmark report, Understanding Inequality in Australia, authored by IPA research fellows Daniel Wild and Andrew Bushnell, which analysis the extent of income inequality in Australia. “Claims that income inequality is high and increasing in Australia are wrong. Income inequality is lower today than 15 years ago and is
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