Taxation

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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Why Tax Cuts Without Economic Leadership Won’t Work
22 November 2017

Why Tax Cuts Without Economic Leadership Won’t Work

Australians haven’t seen any serious tax reform since the 2007 general election. On the first day of that election campaign the then Howard government announced serious tax cuts; quickly matched by the Rudd opposition. Some of those tax cuts were “aspirational” and never implemented. Since then changes to the tax system have constituted fiddling at the edges. The Gillard government
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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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So Why Do We Fell This Independent Pine Of Norfolk Island?
21 November 2017

So Why Do We Fell This Independent Pine Of Norfolk Island?

Most Australians know little of Norfolk Island. It is, after all, a small island territory with just 1700 inhabitants located 1400km from our mainland. Nevertheless, we should be concerned about the disastrous economic and social conse­quences following the Australian government’s elimination of Norfolk’s self-rule. The Australian government has thrown out basic principles of self-determination and good government in a brazen
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Everyone Would Have Paid Cost
15 November 2017

Everyone Would Have Paid Cost

South Australians can breathe a sigh of relief today after the State Government declared its bank tax ‘dead’. If any state economy needs lower taxes, less red tape and a more competitive free enterprise environment, it’s South Australia. Well done to the Liberal Party, Australian Conservatives and Advance SA MPs for standing up for SA at a time when this
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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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Four Facts about Inequality in Australia
31 August 2017

Four Facts about Inequality in Australia

Our new research brief provides four facts about economic inequality in Australia. Despite the claims, income inequality in Australia is low and decreasing. While wealth inequality has increased slightly over recent years,  wealth in Australia remains the third most evenly distributed in the developed word. The key inequality that matters for public policy is that of opportunity rather than income. A
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A Question Of Trust In Greater Opportunity
1 August 2017

A Question Of Trust In Greater Opportunity

The Labor Party is proposing another attack on wealth-creating businesses with its planned tax hike on discretionary trusts. It remains unclear how substantial the tax hit will be. Labor is claiming the crackdown will confiscate $1.7 billion from 135,000 trusts each year on average for the next 10 years. However, the devil will be in the detail. While the extent
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Australia Is Not An Unequal Society – And The Politics Of Envy Hurt It
26 July 2017

Australia Is Not An Unequal Society – And The Politics Of Envy Hurt It

Sigh. Yet another round of debate on “inequality”. Yesterday Richard Denniss was warning us that even those “lefties” at the IMF thought inequality could be a drag on growth. Indeed – they do. In developing countries extreme levels of inequality often lead to political and social unrest. We in Australia don’t have too much to worry about on that front.
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