Prime Minister Malcolm Turnbull has produced so many thought bubbles on tax reform he makes fresh beer look flat. His latest effervescence is for the states to levy their own income tax on top of the Commonwealth take. He needs…
by Jesse Hermans Economies all over the world, primarily the Western ones, are entering what appears to be an era of stagnation. Japan’s experience over the last 25 years offers us insights into what the future holds. Unsurprisingly, economists dispute…
by Bryan Kavanagh republished from On-line Opinion The Australian Federal Treasury publication “Architecture of Australia’s tax and transfer system” (August 2008) made a valid observation: While there are at least a hundred taxes, they all ultimately fall on returns to…
On Friday, Peter Costello used Fairfax to tell us how handsome he is and how splendidly the Future Fund he chairs is performing. He was responding to fellow establishment figure Howard Mitchell’s comparing its returns against the Alaska Permanent Fund.…
The Andrews government is flying a kite today in The Age to gauge public opinion on removing conveyancing Stamp Duty and using State Land Tax instead. This initiative deserves thunderous applause. With many young Victorians now excluded from home ownership…
A letter in today’s Australian Financial Review by Dr Philipp Hoflin, a member of Lazard Asset Management’s equities team soberly expresses the discomfort among sharemarket investors about the Giant Australian Land Bubble. Property big short is long on price In…
by Dr Gavin Putland Professor Sinclair Davidson for the Institute of Public Affairs has written an “occasional paper” under the title “What politicians need to know about negative gearing”, opposing the known Labor policy of allowing negative gearing only for…
Melbourne Domain Sunday went into shock and horror over the impact a proposed elevated rail would have on the selling prices of adjoining Carnegie properties. Area agents say the value of houses backing onto the rail line from Carnegie to…
Based on Michael Lewis’s 2010 book, The Big Short is a critically acclaimed film about Wall Street in the lead-up to the 2008 Global Financial Crisis. “This business kills the part of life that is essential, the part that has…
Flinty Deloittes economist Chris Richardson and all-heart ACOSS chief Cassandra Goldie are on the same page today in the Australian Financial Review. Literally – page 47. Their tax policy prescriptions, now Malcolm Turnbull has ruled out increasing the GST, are…