By Catherine Cashmore The proposal to cut the company tax rate from 30% to 25% has received much media attention. We are repeatedly told it is needed to boost investment. The rational follows that companies are more likely to invest in…
Letters to the Editor Bryan Kavanagh Glen Waverley 13.04.2015 The expected backlash to “A tax on land would be fair, efficient and unpopular” (Comment, 8/4) has arrived (Letters, 9 and 10/4). The wealthy will cry crocodile tears for asset-rich, income-poor…
Fred E. Foldvary In economics, the waste of resources caused by a tax has two names. One is the “deadweight loss,” a loss to the economy with no offsetting gain. The other name is the “excess burden,” since the burden…