Taxation

Five Reasons Why The Government Should Abandon The Bank Tax
25 May 2017

Five Reasons Why The Government Should Abandon The Bank Tax

The Government announced major changes to the banking sector in the 2017-18 Budget, including: • A tax of 0.06% on the liabilities of the four major banks plus Macquarie. • Forty per cent of a banking executive’s variable remuneration must be deferred for at least four years. • The Australian Prudential Regulatory Authority (APRA) will be given powers to require
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Bank Tax Is An Arbitrary Abuse Of Government Power
11 May 2017

Bank Tax Is An Arbitrary Abuse Of Government Power

“The bank tax is an unconscionable violation of the Coalition government’s low tax principles. All taxes are paid for by workers, consumers, and shareholders. The bank tax is no exception. It must not go ahead,” says Daniel Wild, research fellow with the free market think tank, the Institute of Public Affairs. In the 2017-18 Budget, the Government announced a new
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Turnbull Government Makes Wrong Choices On Taxes And Spending
9 May 2017

Turnbull Government Makes Wrong Choices On Taxes And Spending

“This Budget lacks the ambition needed to fix the deep structural problems with our national economy and finances. Taxes will continue to rise, and government will remain too big”, said Daniel Wild, research fellow with the free market think tank the Institute of Public Affairs. “It is disappointing that debt will continue to grow to over $600 billion, and that
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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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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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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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Taxpayer Funded Submissions Distort Inquiry As Racial Hatred Claims Blowout
28 February 2017

Taxpayer Funded Submissions Distort Inquiry As Racial Hatred Claims Blowout

“Contributions to public debate from taxpayer-funded, ideologically-biased groups distort the public policy process,” says Simon Breheny, Director of Policy at free-market think tank the Institute of Public Affairs. Research by the Institute of Public Affairs has found that of the 157 pro-18C submissions given by groups to the Parliamentary Joint Committee on Human Rights freedom of speech inquiry, 42 were
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Taxi Licence Compensation Sends The Wrong Message
15 February 2017

Taxi Licence Compensation Sends The Wrong Message

Lines of taxi drivers crawled across the Bolte Bridge in Melbourne on Monday. Their protest wasn’t over pay, conditions or safety. It was over the size of their consumer-funded compensation handout as Victoria legalises Uber. The transition from ageing taxis to innovators like Uber is inevitable and has forced governments to reconsider their cosy relationship with the taxi industry. Victoria’s
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Revealed: How Your Taxes Fund The 18c Fan Club
3 February 2017

Revealed: How Your Taxes Fund The 18c Fan Club

One of the most obvious features of the parliamentary inquiry into section 18C of the Racial Discrimination Act has been the volume of government agencies and government-funded left-wing interest groups that have contributed to the body of submissions. These beneficiaries of government largesse are uniformly in favour of more government, and defending the existing prohibition of offensive, insulting, humiliating and
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Liquor Licensing: Red Tape On Australian Businesses
1 February 2017

Liquor Licensing: Red Tape On Australian Businesses

Workplace relations, taxation and the regulation of alcohol are only some of the costly and complex burdens facing Australian hospitality and related industries. This paper is an enquiry into one subset of these burdens, liquor licensing, which impacts businesses from supermarkets to small bars. Liquor licensing refers to state-based regulatory restrictions on the sale of alcohol on premises (e.g. bars),
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