It’s unsurprising that a large number of people pay no net tax.
Its extremely common, everywhere, for large numbers of people to pay no net tax. It tells us nothing about the size of the welfare state or about whether it bribes people to keep tax high.
It isn’t brain surgery.
Getting better behaved banks isn't difficult. Here are three places to start.
Putting people rather than profits at the centre of banking culture is possible, but difficult.
In his three volume 1,000 page interim report Commissioner Hayne has built an irrefutable case for root and branch reform.
Speaking in confidence, the members of bank boards are worried.
How can our major institutions, particularly from the banking and finance sector retain their corporate legitimacy? What role should their boards be playing?
Royal Commissioner Kenneth Hayne is arguing for less and clearer law, and tougher corporate cops.
The big four play on trust, laziness and inertia, according to the interim report of the Banking Royal Commission.
The banks get most of the blame in Commissioner Hayne's explosive report, but there's some for us as well.
Royal commissioner Kenneth Hayne is presiding over an inquiry that will cast a very long shadow.
AAP Image/Fairfax media, Eddie Jim
The banking royal commission's most enduring legacy might be the cancer of too much caution throughout the financial services sector.
Surgeons and dentists cost more, but drugs are getting cheaper.
New figures show we are spending less on health than we used to but it mightn't last, and surgeons and dentists are charging more.
Shifting negative attitudes towards ageing, the elderly, death and dying is a social challenge and key to an effective aged care workforce strategy.
There is no need to wait for royal commission recommendations to act on aged care. We can implement a national strategy to improve the sector's workforce in the next year three years.
ABC staff call for chairman Justin Milne to step aside at a meeting on Wednesday.
Flaws in the ABC Act set up conflict and allow the government to pressure it.
History shows the targets of product tampering bounce back, often with sales stronger than before.
Board-level risk indicators include one person dominating meetings or a culture of blaming and withholding information.
It is a furphy that regulation for good corporate culture is impossible. It is done in the Netherlands and it is already under way in Australia, albeit in an unacknowledged, and limited, form.
The hard work’s been done and the latest Treasury team is taking the credit. Mathias Cormann and Josh Frydenberg.
The budget deficit is as good as dead. For practical purposes we are back to normal with financial firepower recharged for the next crisis.
Estimates out, but happy. Mathias Cormann and Josh Frydenberg announce the smallest deficit in a decade.
The budget outcome for 2017-18 shows a deficit of A$10.1 billion – dramatically less than expected in May, and just 0.6% of GDP. In this year’s May budget, a mere four months ago, the outcome for the last…
Artists can be denied control of their creations for life. Bryan Adams at the 2015 AFL Grand Final.
Individual creators get too small a share of copyright's rewards. What Bryan Adams is proposing in Canada could also work in Australia to help authors get paid and keep works available to the public.
Gladys Berejiklian’s government will pay for much of WestConnex construction, give away other toll roads, guarantee annual toll increases and force motorists to use the toll road.
AAP Image/Joel Carrett
The NSW government will spend more than $23 billion on toll road, and recoup just $4 billion by selling it.
Labor’s plan to pay super to women on paid parental leave would barely boost their retirement incomes.
Bill Shorten says Labor's plan to make super contributions on behalf of women on paid parental leave would have a "big impact". We find its impact would be be minuscule.
Wayne Swan and Kevin Rudd spent big and spent bold, and it almost certainly kept us out of recession.
The debate ought to be about whether we should have spent big. It was good that we did. But we need to "reload" and get the financial system under control.
Women are disadvantaged when it comes to super, because women are disadvantaged when it comes to pay.
Super discriminates against women by design. it was set up to pay the most to the workers who earn the most.
Even with a simple choice between an obviously good product and an obviously bad one, many people choose wrong.
Product disclosure laws are meant to help insurance buyers make informed rational decisions. Our research shows more must be done to protect consumers.
If ASIC gets its way, NAB will have to do more than pay compensation.
If ASIC succeeds in its action against two subsidiaries of the National Australia Bank, the rest of the industry will be put on notice.
If the trade war with China escalates, siding with the US is going to cost, but Australia’s long-term national interests still lie with it.
There can be no middle road in the trade war between China and the United States. Soon we will have to pick sides.
The rules make it hard to make reasonable money providing a reasonable service.
Amid concerns about their quality of care, aged care providers are getting bigger or getting out.
Do we need yet another class of guest workers to pick our fruit?
Introducing yet another special agricultural employment visa might destroy the good things about the ones we've got.
A cleverly-designed auction can make sure strata-titled apartment blocks are only sold when all of the owners are happy.
It's not fair to evict people against their will. On the other hand, one holdout shouldn't be able to derail the sale of an entire strata-titled apartment block. Now an international team has come up with an ingenious solution.