Australia’s Future Fund, chaired by former Treasurer Peter Costello, is not immune to the tax schemes corporations love.
Alan Porritt/AAP
There are many and increasing ways for corporations to minimise tax legally. Solving the problem will take more, not less firepower from the ATO.
Fresh fruit and vegetables are currently exempt from GST for equity reasons, but it’s time for a rethink.
Dean Lewins/AAP
Simply increasing the GST rate would make for poor tax design. Instead, the government should broaden the base and lock in compensation measures.
Uncertainty around Greece defaulting on debt repayments continues to dominate the global outlook.
AAP/EPA/Aexandros Vlachos
Financial markets have factored in a cut to Australia’s cash rate, but economists - including the CAMA Shadow Board - aren’t so sure.
Fortescue Metals Group founder Andrew Forrest has suggested iron ore miners cap production, but it might have been unnecessary had he supported a well-designed mining tax.
Julian Smith/AAP
Had the mining industry engaged differently on the proposed mining super profits tax, it would be in a better position today.
Assistant Treasurer Josh Frydenberg’s figures were taken form the Intergenerational Report, but we should be wary of economic projections that claim to see 40 years into the future.
AAP Image/Joel Carrett
Any forecast 30 years ahead is fraught with uncertainty, so we should be wary of warnings Australia was on a trajectory of debt and deficit heading to 122% of GDP.
Low interest rates mean people approaching retirement will have to reassess their approach to risk.
AAP/Dean Lewins
In this low-interest rate environment, people nearing retirement will have to re-think their investing strategy.
Are loans guaranteed by parents adding unnecessary risk to the market?
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First home buyers looking to break into the housing market are turning to their parents, but it’s not a risk-free proposition for either party.
Research shows getting an overseas assignment is another glass ceiling for working women to break.
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Women are no less interested than men in international work assignments, but fewer get the opportunity.
Google remains at the centre of international debates over corporate tax practices, but its power should not be underestimated.
Trey Ratcliff/Flickr
With Australia planning its own Google tax, we’re likely to see state power and sovereignty come into direct conflict with corporate might.
Whether the Harper Review might stoke competition in the retail grocery sector remains to be seen.
AAP/Dan Peled
Supermarket giants are predictably opposed to
Harper Review’s effects test, but the report is a mixed bag when it comes to other retail competition issues.
The Harper Review should focus attention on planning and zoning reform as a crucial way of improving competition.
Flickr/Theen Moy
The main question to ask of the Harper report is: what will make a tangible difference to our economic prosperity?
The competition policy review is just another difficult conversation for the Abbott government.
Gary Schafer/AAP
Big reforms in taxation and competition policy are on the table for the Abbott government, but has it spent too much political capital to get any of them across the line?
Many people see a payday loan as less risky than a credit card.
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Before calling for more regulation to combat predatory lending practices, consumer advocates should consider wages and the problem of insecure work.
It can be hard - maybe impossible - to develop a significantly different leadership style.
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An aggressive CEO delivers for their board - but then circumstances change. Can that leader follow?
Economist Ian Harper has delivered the final report in the most comprehensive review of competition law and policy in more than 20 years.
Mark Graham/AAP
The removal of restrictions on retail trading hours, pharmacies and parallel imports, and a controversial “effects test” on existing misuse of market power rules are among the many recommendations contained…
The Harper competition policy review recommendations include changing the way misuse of market power can be prosecuted.
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The “effects test” aims to boost prosecutions for misuse of market power. But will it really make it easier for the ACCC to win cases?
The Financial System Inquiry has suggested allowing more Australians to tap the equity in their home would boost the efficiency of Australia’s financial system.
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Reverse mortgages are a way to release the equity in a home, which is an important component of wealth for many Australians. Such mortgages have been proposed by the Financial System Inquiry as a way to…
The area of how sexual orientation affects pay rates is under-researched.
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Gay men earn less than heterosexual men, but lesbians earn more than straight women. The reasons may surprise you.
Treasurer Joe Hockey is likely to have an easier time selling a package of tax reforms rather than individual changes.
Tracey Nearmy/AAP
Changing the GST in isolation would create serious problems, but increasing it alongside other reforms could have a major upside.
It will take more than the quotas Victorian Premier Daniel Andrews has suggested to add diversity to Australian boards.
Martin Reddy/AAP
By assuming that prior service on a board is the prerequisite to success, companies are overlooking a large pool of talented women.
Every week is shark week in the sometimes shady world of consumer finance.
Adam Fagen/Flickr
Consumers will always make ‘irrational’ financial decisions, but behavioural economics could help regulators improve their education role.
Treasurer Joe Hockey wants Australians to rethink how tax works.
AAP/Tracey Nearmy
Experts have welcomed another wave of discussion on tax reform, and this time everything’s on the table.
If Treasurer Joe Hockey is looking for tax answers, he has many reports to call on.
Mick Tsikas/AAP
Five years on from the Henry tax review, Australians are again being asked to rethink the tax system, with reform still years away.
Alternative sources of information about an individual’s behaviour provide new opportunities for credit assessment.
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Peer-to-peer (P2P) has the potential to challenge the dominance of traditional financial institutions like banks, but involves new risks for both lenders and borrowers.
China’s demand for infrastructure finance cannot be met by existing development banks.
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Australia may be a little late to the party, but the it still has a lot to win as it negotiates its position in the Asian Infrastructure Investment Bank.