High earners aren’t particularly highly taxed by historical standards, and the earlier stage didn’t do much for low earners.
- Visiting Fellow, Tax and Transfer Policy Institute, Crawford School of Public Policy, Australian National University
Policymakers were too complacent about inflation, and the global economy is paying the price. Australia’s resources mean it is better placed than most.
The independent review of the Reserve Bank should be headed by someone from outside the country say 12 leading economists in an open letter to the treasurer.
Both major parties’ schemes would put upward pressure on house prices – but not much. Here’s why, according to a former Australian Treasury official.
Can the Ukrainians hold on long enough that the economic costs to Russia become unsustainable?
Denying Russia’s central bank access to its offshore reserves threatens hyperinflation, a recession and massive unemployment.
The problem with the plan to relax restrictions at 70% and 80% vaccination rates is it’s based on modelling that’s now obsolete.
The business support package to save the NSW economy gets it right on most counts.
Paying out 70% of salary for six months would line us up with much of the rest of the developed world.
The end of coal-fired generation in Australia is inevitable. But the federal government can do more to ensure an orderly transition to renewables – avoiding price spikes and supporting workers.
Despite its big sticker price, the 2020 federal budget just isn’t that stimulating.
The budget needs to spend big, but it shouldn’t stop there.
The new slimmed-down and tapered JobKeeper is an improvement, but it’ll interact with JobSeeker in odd ways.
It’s far too early to declare victory. The need for conventional economic stimulus has just begun.
There’s a lot the treasurer could do, but there’s an argument for leaving things as they are.
Leading Australian economists in four countries have signed an open letter calling on the national cabinet to think carefully before easing restrictions ‘for the sake of 'the economy’.
The legislation before parliament over-compensates some and under-compensates others, but should leave us better off on the other side.
There are signs of unintended consequences, and as big as the payments are, they are less generous than those in the UK.
Negative gearing would cause few problems if we better taxed capital gains.
The instant asset write-off is encouraging businesses to buy things they don’t really need, and Labor’s is worse.
Labor’s proposal is a grab for money, disguised as something grander.
The government promised to eliminate the 37% tax rate. Instead, for a certain range of income, it has lifted it to 40%.
Flat tax is simple, Kondo simple. But that doesn’t mean it simplifies lives.
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