Income Tax: The Zero Option

Since the Howard government gained control of the Senate, we have been hearing numerous proposals for reducing the top marginal rate of income tax. The excuse is that high marginal rates reduce the incentive for wealth creation and encourage tax minimization....

Your Home: The Tax Haven That Never Was

SPIN: The Family Home is exempt from land tax. (And all the people shall say: Amen.) FACT: If home buyers don’t have to pay land tax, they can afford higher mortgage repayments, hence higher prices. While the price of a house is limited by the cost of...

IR Reform: Let Banks Collect P.A.Y.E. Tax

The Howard government’s industrial relations agenda attacks the wages and conditions of workers as if this were the only way to reduce the cost of hiring. What about the administrative costs imposed by government? For example: If you become an employer, you must...

IR Reform: Who Really Wins?

Who are the real winners and losers under the Howard government’s industrial relations reforms? We think you can work it out for yourselves. Here are some hints: 1. If workers in firms with less than 100 employees have lost their protection against unfair...