BLOG: Federal Politics

The Tax Shift

The Tax Shift

Over the past century and a half, politics and economics have evolved significantly in how we manage society. Yet, the core principle remains: every person born on this earth has a right to a share of its bounty.

Prosper’s 2022 Federal Election scorecard

Prosper’s 2022 Federal Election scorecard

The 2022 Federal Election: as underwhelming as a stale slice of Wonder WhiteTM encasing a slippery, budget snag. We at Prosper could never walk past a democracy sausage. No matter how greasy and cold.  With the Lib/Lab reducing their respective policy platforms to...

A petro state without the petro dollars

A petro state without the petro dollars

On Friday 20 August, Jesse Hermans & I appeared at Senator Patrick’s Oil & Gas Inquiry. The focus of the inquiry was to evaluate what Australia could do to maximise returns from publicly owned oil and gas resources and examine how other nations have designed their tax systems. Particularly in light of climate change and the potential for stranded assets.

Turnbull Government prepares to squib on PRRT

The Petroleum Resource Rent Tax has been a successful revenue-sharing device since 1987, delivering well over $33 billion to Consolidated Revenue, derived entirely from the economic rents of resource extraction with no harm to producers. It has never deterred...

Goody Goody Goody!

Sometimes, through the smoke and fireworks of the national debate a political commentator sees the path forward and points the way. Today in the Australian Financial Review, Alan Mitchell takes a far-sighted approach to the crisis provoked by the Abbott government in...