Hugh Parsonage – The Conversation

Each year the government runs a A$40 billion deficit, it increases the lifetime tax burden for households headed by a person aged 25 to 34 by A$10,000. Lukas Coch/AAP

November 21, 2017

Young Australians will wear the costs of Turnbull’s middle income tax cut

Danielle Wood, Grattan Institute and Hugh Parsonage, Grattan Institute

Unless the government is willing to increase taxes elsewhere to pay for tax cuts there will be longer-term costs for the budget and the economy. And younger Australians will wear these costs.

Super accounts for only a small proportion of the wealth of most Australians. Image sourced from Shutterstock.com

October 2, 2016

The superannuation myth: why it’s a mistake to increase contributions to 12% of earnings

John Daley, Grattan Institute; Brendan Coates, Grattan Institute, and Hugh Parsonage, Grattan Institute

Current super policy is compelling people to save for a higher living standard in retirement than they enjoy during their working lives.

Fairness is in the eye of the beholder when it comes to bracket creep. AAP/Lukas Coch

May 19, 2016

Why the budget income tax cuts look fair – in the longer run

John Daley, Grattan Institute and Hugh Parsonage, Grattan Institute

Short-term, the bracket creep measures help high income earners. But longer-term it evens out.

Prime minister Malcolm Turnbull has promised any changes to the GST will be “fair”. AAP/Mick Tsikas

December 6, 2015

What would make a GST increase ‘fair’?

John Daley, Grattan Institute; Danielle Wood, Grattan Institute, and Hugh Parsonage, Grattan Institute

There isn’t a magical formula which compensates everyone for an increase in the GST - but there is a way to ensure fairness.

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