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A GST hike will hurt everyone. Everyone.

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...

Judgement Day arrives for illegal foreign buyers

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...

Reform Agenda Machinations

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...

Australia cries ‘Aorta!’

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 –...

Freebairn & Stewart: Let’s talk tax.

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...

Land rents with Thai rice

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...

Victoria to cap the single best tax base available

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,...

Intergenerational fairness

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...