9 April 2019
Potentially unaffordable, and it still won’t fix bracket creep. The Coalition’s $300 billion tax plan assessed
High-income earners, those in the top fifth of the income distribution, would pay a smaller share of tax under the Coalition’s plan: 65 per cent in 2029-30 compared to 68 per cent today.
5 April 2019
The ultimate fiscal legacy of the Abbott/Turnbull/Morrison government could well be a budget heading back to structural deficit towards the end of the forward estimates. If only they could have been happy with just average.
1 April 2019
Working-age Australians, as a group, pay more in taxes than they receive in either benefits or spending. These contributions support older Australians who take a lot more out in spending and pension payments than they contribute in taxes. Today’s working-age Australians expect the generation after them to support them in the same way as they age. But this longstanding intergenerational bargain is under threat.
27 March 2019
Let’s hope Australians can discuss generational fairness without it descending into generational warfare. Because none of us would want our legacy to be mortgaging our children’s environment and their economic future.
27 March 2019
Let’s see whether Josh Frydenberg banks or blows recent windfalls. Because any claim to superior fiscal management that relies on the promise of future fiscal rectitude and economic good luck is on shaky ground indeed.
9 February 2019
For Australians who aspire to a better budget bottom line, a more stable housing market and better opportunities for first home buyers, federal Labor’s proposed changes to negative gearing and the capital gains tax have plenty to find favour.
19 December 2018
Estate taxes are worth serious consideration. With society-shaping wealth transfers expected to grow over the next two decades, the time to have the conversation is now.
17 December 2018
The Morrison government wants next year’s election to be about economic management. So understandably, it’s using the improved bottom line in the Mid Year Economic and Fiscal Outlook (MYEFO) to talk up its economic credentials. But the numbers in MYEFO show it has failed to hit many of its own targets.
22 November 2018
Federal Labor’s plan to remove refunds for excess franking credits is a fair way to help improve the budget and wind back the growing intergenerational transfers in Australia’s tax system. But there is a better way.
26 September 2018
It’s no secret that Australians are fed up with our politicians. There’s a creeping feeling – vented on talkback radio and evident in polls – that people in government aren’t acting for us, but for themselves and their mates. New Prime Minister Scott Morrison is on a mission to change this. He says he’s on our side.