Business + Economy – Analysis and Comment

The Turnbull government’s ‘ideas boom’ is not that dissimilar to innovation plans that have come before it. Mick Tsikas/AAP

Turnbull still hasn’t sold us on the innovation dream

For many, innovation is perceived as a precursor to more unwelcome changes at work and potentially to job losses, but innovation is about more than increasing corporate profits.
Economic reality has intruded on rosy budget predictions for years now and the Pre-election Economic and Fiscal Outlook may soon challenge Treasurer Scott Morrison’s forecasts. AAP/Mick Tsikas

Three critical tests for Budget 2016: how does it fare?

Budget repair was put off till later, and the net impact of decisions in the budget was small, but it will be easier to defend in the coming election campaign than some other recent efforts.
This year’s federal budget will be a tricky affair for government and opposition. Mick Tsikas/AAP

Election budgets can only ever be a charade

The impending election will mean a lot of spin and little substance from both sides of government in this year's federal budget.
Petty public corruption cannot be ignored, but to gain the biggest “bang for the buck” in tax collection the government should focus on stamping out corruption by top officials. cesc_assawin/www.shutterstock.com

To get more people to pay taxes, Indonesia should stamp out corruption by officials at the top

A high level of perceived corruption by top government officials deters people from being tax-compliant.