A proposal to change the mix of company taxes would lead to higher national income over time by collecting more from foreign investors.
Articles on company tax cuts
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What the Greens are proposing is really a two-tier company tax system, of the kind that once interested the Business Council of Australia and the Rudd Labor government.
Politics podcast: Barnaby Joyce at his provocative best
Barnaby Joyce has confirmed he could cross the floor on the federal legislation associated with the National Energy Guarantee. “Of course I could,” he says.
Michelle Grattan speaks to Nicholas Klomp about the week in politics.
If Turnbull were hit with a double whammy – having to abandon the company tax cuts and unable to get the NEG – that would be a serious policy flunk.
More worrying for Labor than Bill Shorten’s bad, though, is Prime Minister Malcolm Turnbull’s rising ratings.
Labor’s compromise will allow firms with turnovers under $50 million to keep the tax cut that will be in place at the election.
Shorten might have done better to have said, “I stuffed up – that’s my recommendation, it’s not yet our decision”, and summoned a shadow cabinet meeting immediately to fix the matter.
In announcing the retreat, Finance Minister Mathias Cormann reaffirmed that the government remained committed to the cuts, and cast the July 28 byelections as a referendum on them.
The inflammatory ad runs as the government is making a last ditch effort against the odds to gather Senate support for the company tax legislation, due to be voted on this week.
More crucial than the fate of the company tax cuts is the government’s long struggle to nail down its NEG, with the crunch coming when Josh Frydenberg meets his COAG counterparts on August 10.
One paradox of leaders of personality parties is that while they attract voters and so can get others elected, this can be their downfall, because they are by nature loners not team people.
The poll was commissioned by the Australia Institute, a progressive think tank.
In an extraordinary Thursday night interview on Sky Hanson, who accused Burston of trying to defect to the Shooters party, said it was not the first time he had stabbed her in the back.
Within Coalition ranks there are doubts about persisting with the company tax measure if it can’t be legislated.
Michelle Grattan speaks with Deep Saini about the week in politics.
As much as the Senate is unpredictable, this does look like the end of the government’s chances of getting its company tax package through parliament before the election.
Comparing companies that receive a tax cut with those that don’t isn’t the right methodology to conclude that tax cuts create more employment or higher wages.
It seems that timing tricks are now a thing in Australian politics. Revenues are brought forward and spending pushed back for cosmetic effect.
Even though this year’s budget is pretty good politics and reasonable economics, on almost every front, it is a missed opportunity to be bold.
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Professorial Fellow, University of Canberra
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Election Analyst (Psephologist) at The Conversation; and Honorary Associate, School of Mathematics and Statistics, The University of Melbourne
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Director, Centre of Policy Studies, Victoria University
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Scientia Professor of Economics, UNSW
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Senior Research Fellow, Tax and Transfer Policy Institute, Crawford School of Public Policy, Australian National University
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Associate Professor, School of Media, Film and Journalism, Monash University
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Emeritus Professor of Economics (Griffith University) and Teaching Associate (University of Queensland), Griffith University
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Professor of Economics, The University of Melbourne
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Deputy Director and Associate Professor, Centre of Policy Studies, Victoria University
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Professor of Economics, University of Canberra
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Visiting Professor of Tax Law, New York University, and Professor of Law, The University of Melbourne
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Senior Lecturer, UNSW
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Vice-Chancellor and President, University of Canberra