Around 1 in 8 Americans was poor in 2017. That doesn't compare well to other developed nations.
The promised budget surplus depends on everything going right, and much more income tax says the Parliamentary Budget Office.
Global travelers are being increasingly asked if they want to pay for local purchases in terms of their home country currency. Here's why you should resist the strong temptation to do so.
Outlining the fiscal parameters the opposition will take to the election, Bowen will repeat that the ALP would achieve budget balance in the same year as the government – 2019-20.
NATSEM analysis of Treasury data shows most of the benefits of the 2024-25 cuts are implemented flow to high income earners.
With a federal election looming within a year, our panel looks at what each state and territory has been handed in the budget - and why it matters.
There's never been a better time for tax reform. But as governments have tried (and stumbled) over the years the burden has shifted to individual taxpayers and the latest budget looks no different.
Michelle Grattan speaks with Deep Saini about the week in Australian politics.
The modelling shows that Coalition governments tend to be much more fiscally conservative in their tax and welfare policies than Labor governments.
A small change in the method for valuing gas would increase revenue from the petroleum resource rent tax by US$15.5 billion to 2030, compared to the current US$5 billion to 2030.
Michelle Grattan speaks with Nicholas Klomp about the week in Australian politics.
If we do escape the interest only debacle unscathed it will be pure, dumb luck, not a consequence of good design or sound regulation.
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".
Australia does need infrastructure to spur growth and support jobs - that idea comes with a big "but".
The government says personal income tax cuts are needed to provide relief from low wages and high cost of living, but will tax cuts make up for that?
Michelle Grattan speaks to University of Canberra's Deep Saini about the week in Australian politics.
From Morrison's point of view, McCormack's imagery was totally out of whack with his desired framing. Even within the Nationals there is some criticism of the leader for being inept.
In it's first inclusion in the Open Budget Index of 115 countries, Australia ranks 12th.
The ethical and political reasons to avoid free higher education are unambiguous.
Whether measures announced by Gigaba will stave off a downgrade of South Africa's local currency debt by one remaining rating remains to be seen.