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There are economy-wide gains to be made from lowering the corporate tax rate, but businesses will need to make concessions of their own. Image from www.shutterstock.com

Subsidies are standing in the way of corporate tax reform

Yesterday, the government’s business tax working group released its discussion paper on possibilities for tax reform. The paper makes a case for a broader base and lower tax rate (the corporate tax is…
New Zealand Prime Minister John Key and Julia Gillard are at loggerheads over the investment chapter of the Trans-Pacific Partnership. AAP

A dangerous investment: Australia, New Zealand and the Trans-Pacific Partnership

This week, San Diego is hosting the latest round of talks over the Trans-Pacific Partnership. Australia and New Zealand are at loggerheads over this secretive new trade treaty spanning the Pacific Rim…
Prime Minister Julia Gillard has called on miners to accept that the resources they mine belong to the people. AAP Image/Alan Porritt

Mining could invest in a future that belongs to all of us – education

Prime Minister Julia Gillard delivered one of her strongest messages to the mining sector last night, telling mining bosses at a Minerals Industry dinner in Canberra that they don’t own Australia’s minerals…
Australia’s mining boom is both a boon and a bane to our economic development.

Managing the mighty structural forces unleashed by the mining boom

Australia’s stark comparative advantage in mining is both a boon and a bane to our economic development. Investment in the mining industry as a share of Australia’s GDP has already reached unprecedented…
Despite Cameron’s half-hearted efforts, democratisation of listed UK corporations is unlikely. AAP

‘Empowering’ shareholders won’t revolutionise corporate culture

Executive remuneration is out of control in the United Kingdom. The final report by the High Pay Commission concluded that “there is rarely a link between directors’ incentives and the way a company performs…
Are ordinary homeowners perpetuating Australia’s property bubble? AAP

The property bubble makes us slaves to each other’s debt

While my recent commentary (here and here) demonstrates Australian housing is in a bubble, I have not explained where this situation has come from. Asset markets, in this case, property, are the subject…
There is more behind the Qantas lockout than short-term industrial disputes. AAP

Qantas is waving the Australian flag … goodbye

As the initial shock of the Qantas lockout of its workforce abates, it is time to consider the wider implications of this action. One lesson is the folly of national identification of companies that are…
By 2050, China’s economy is projected to be as large as the US and India combined. AAP

Doing business with China is a necessity, not a choice

Opposition leader Tony Abbott has sparked some controversy with his suggestion that Australia’s trade emphasis should be on Japan, rather than China. Abbott’s suggestion that it would be easier to negotiate…
The share market is often driven back into the black by canny investors looking for a bargain. AAP

Global economic shakeout: the zig-zag market heralds nasty times ahead

After falling by almost 20% in week-long sell-off, the Australian share market has bounced back and began trade today up more than 3.5%. The market’s recovery follows a strong comeback on Wall Street overnight…
Uncertainty about the US economy is driving investors back to the safe-haven metal. AAP

Explainer: Why gold is still precious for investors

The price of gold reached a record high of $US1607.01 an ounce on Tuesday as investors turn to the precious metal amid uncertain global economic conditions. University of Western Australian Professor of…
Is legal action becoming a bad habit for tobacco companies? effb/Flickr

Big Tobacco v Australia: taking the battle to the global stage

This week’s legal action by tobacco giant Philip Morris to overturn the federal government’s plain packaging proposals is not its first attempt to stifle anti-tobacco legislation. Philip Morris is also…
Despite attempts at regulatory reform, ratings agencies still act with little threat of litigation. AAP

Should investors sue ratings agencies? It’s a matter of opinion

Standard & Poor’s downgraded Greece’s sovereign debt rating by three notches on Monday, reflecting its view that it would be next to impossible to imagine a scenario where the country could restructure…

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