Articles

A GST hike will hurt everyone. Everyone.

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The AFR’s economics editor Alan Mitchell has taken a Treasury briefing. He is out this morning offering all sorts of reasons why a broader, higher GST is a brilliant master-stroke that deserves universal applause. He knows, we all know, a Goods and Services Tax is regressive and unfair. Citizens earning up to $100,000 will need […]

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Judgement Day arrives for illegal foreign buyers

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reposted from Macrobusiness by Leith van Onselen Today is 1 December, which means that the amnesty on illegal foreign buyers of Australian residential real estate is over and the Government’s new penalty regime comes into effect. From today, a foreign national that has been found to have purchased an established dwelling without prior Foreign Investment […]

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Reform Agenda Machinations

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Published as The Planned Obsolescence of the Public Interest in Online Opinion A fascinating power play continues in the debate over vertical fiscal imbalance. The strategic intent is prevalent from federal to local politics, where the health of the public revenue raising system is undermined. This sideshow diverts from the beneficiaries that Adam Smith once […]

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Australia cries ‘Aorta!’

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Australians love to whinge about our bust federal system. It is a national sport where we stand around with hands in pockets and call out “Aorta!” “Aorta deregulate!” “Aorta fund schools! “Aorta cut taxes!” “Aorta build roads! Consider our public hospitals – which always seem in crisis, despite the good outcomes and the rivers of […]

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Do we at last have an Infrastructure Prime Minister?

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Over the weekend, Prime Minister Malcolm Turnbull delighting Queensland Premier Annastacia Palaszczuk by announcing a federal contribution of $95 million for the Gold Coast light rail project. Journalists have leapt on this new policy stance, different from the previous PM Tony Abbott who point-blank refused to fund public transport, and called for roads, roads, roads. […]

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Freebairn & Stewart: Let’s talk tax.

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Professors John Freebairn and Miranda Stewart have penned an opinion piece today in The Age with a welcome call for state tax reform that could save taxpayers tens of billions every year. Most taxes carry deadweight losses – value destroyed as behaviour is distorted to avoid paying tax or make un-taxed alternatives more attractive. There […]

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Land rents with Thai rice

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by Phillip Anderson, Editor of Cycles, Trends and Forecasts Events around the world don’t happen in a vacuum. They have causes. They’re usually linked back to rent and the corruption and self serving nature of government. Indeed, the biggest problem around the world is now government. Or rather, the people it produces who govern us. […]

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Dan Tehan wants to end Stamp Duty – for a big new GST???

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MHR Dan Tehan (Liberal, Wannon) had an op-ed in today’s Australian Financial Review, States dragging their heels on tax reform, criticising them for clinging to very bad taxes, notably Stamp Duty on property conveyancing. “Home buyers across the country are still being slogged $16 billion each year in stamp duty. If you’re looking to take […]

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Victoria to cap the single best tax base available

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The Andrews government is capping local governments rate rises to CPI after fifteen years of six per cent rises in a low inflation environment. Minister for Local Government Natalie Hutchins’ Fair Go Rates System, administered by the Essential Services Commission, will crack the whip over naughty spendthrift councils. The ESC has released its draft report […]

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Intergenerational fairness

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by Jesse Hermans Recently La Trobe’s Philosophy Politics and Economics Society and Ideas Society joint hosted an event on Intergenerational Fairness with some good insights into what future generations face – including my own. I was sorely disappointed by John Daley, CEO of the Grattan Institute, for two reasons – his excellent data collection not […]

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