Michelle Grattan speaks Mark Evans about the week in Australian politics.
Articles on Tax cuts
Displaying 61 - 80 of 93 articles
Labor’s compromise will allow firms with turnovers under $50 million to keep the tax cut that will be in place at the election.
The estimates have been prepared by the independent PBO, at the request of the Greens. The opposition has repeatedly sought annual figures, but the government resisted the demands.
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.
NATSEM analysis of Treasury data shows most of the benefits of the 2024-25 cuts are implemented flow to high income earners.
Here are five ways the Treasurer could boost revenue to make the numbers work.
The government is pinning its hopes on making this election all about tax – casting itself as champion of lower tax and Labor as signed up to what Morrison dubs the “high tax club”.
The Coalition braces for the next Newspoll, while a redistribution gives Labor reason to smile, and the Batman byelection results are finalised.
Unemployment rates have risen in Australia while falling in the US. But Australia has experienced a much smaller decline in the proportion of its population who are in work.
Research shows there is a link between tax cuts and increased business investment, but the effect is likely smaller than politicians and businesspeople say.
Seven charts on the highlights from the government’s mid year update of the budget.
American voters would not give more money to the wealthy.
Universities play a vital role in promoting economic growth, something the writers of the Republican tax plan have apparently forgotten.
A provision in the House’s pending tax bill would let religious and secular nonprofits engage in political speech without facing a penalty.
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.
If in the event the tax relief became an election promise, rather than pre-election money in the pocket, would people be sceptical?
Republican lawmakers say the proposed changes to the tax code would ‘streamline’ higher ed benefits. But this overhaul would squeeze many, if not most, students and schools.
Supply-side economics is the intellectual backbone of the argument that tax cuts for the wealthy will boost business investment, wages and growth. The evidence suggests otherwise.
The Republican tax plan would ultimately make the current system less progressive while reducing the overall burden, two things research shows make countries less happy.
Taxing inherited wealth doesn’t just generate revenue for the government. It encourages philanthropy.
Top contributors
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Professorial Fellow, University of Canberra
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Chief executive officer, Grattan Institute
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Senior Lecturer in Economics, The Open University
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Democracy Deputy Program Director, Grattan Institute
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Professor of Taxation and Commercial Law, Te Herenga Waka — Victoria University of Wellington
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Senior Lecturer in Accounting, University of Surrey
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Emeritus Professor of Economics (Griffith University) and Teaching Associate (University of Queensland), Griffith University
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Senior lecturer, Canberra School of Government, University of Canberra
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Senior Associate, Grattan Institute
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Professor of Taxation, Te Herenga Waka — Victoria University of Wellington
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Associate Professor, POLIS@ANU Centre for Social Policy Research, Australian National University
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Professor of Industrial Strategy & Regional Development, Co-Director Centre for Governance, Regions and Industrial Strategy (CGRIS), University of Bath
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Senior Lecturer in Economics | Freelance Consultant, Sheffield Hallam University
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Associate Professor, Department of Economics, University of Otago