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MYEFO

Analysis and Comment (7)

There was no plan in treasurer Joe Hockey’s MYEFO to get the economy out of a slump, and it looks like staying there for some time. There was no plan in treasurer Joe Hockey’s MYEFO to get the economy out of a slump, and it looks like staying there for some time. AAP/Alan Porritt

MYEFO: how can the Abbott government fix Australia’s economy?

Sooner or later, the Abbott government will have to stimulate the economy using fiscal policy – just like the Rudd government did in response to the global financial crisis and the Howard government did…
Prime Minister Tony Abbott may believe economic growth will solve Australia’s budget problem, but Joe Hockey should be looking for solutions elsewhere. Prime Minister Tony Abbott may believe economic growth will solve Australia’s budget problem, but Joe Hockey should be looking for solutions elsewhere. Alan Porritt/AAP

Hockey can’t grow us out of trouble: lessons in budget repair

The mid-year budget update released on Tuesday — known as MYEFO — largely tells close observers what they knew already. The Commonwealth budget doesn’t add up. Revenues don’t cover outgoings. The numbers…
All options considered: Treasurer Joe Hockey has unveiled a bleak outlook for the May federal budget. All options considered: Treasurer Joe Hockey has unveiled a bleak outlook for the May federal budget. AAP

‘All options on the table’: Hockey unveils MYEFO, experts react

Federal Treasurer Joe Hockey’s first budget update has revealed a massive blowout to the bottom line and a warning of a decade of deficits ahead. The government’s Mid-Year Economic and Fiscal Outlook (MYEFO…
Deficits in the longer term are not sustainable. Deficits in the longer term are not sustainable. AAP

Structural deficit is Hockey’s elephant in the room

Media reports preceding the mid year economic and fiscal outlook suggest we should expect a deficit of just under A$50 billion, a further deterioration of Australia’s budget position since the pre-election…
Does Australia’s company tax rate place a significant impost on local businesses? Does Australia’s company tax rate place a significant impost on local businesses? shutterstock

Australia’s company tax ‘burden’ is just a myth

Treasurer Swan could reduce the headline corporate tax rate from its current 30% rate to just over 15%, with virtually no consequences for government tax revenue with one simple piece of legislation: simply…
Despite the lack of any substantial reform, last week was quite a big week for Australia’s tax system. Despite the lack of any substantial reform, last week was quite a big week for Australia’s tax system.

Company tax and the limits of politics

Last week was quite a big week in tax, although when the dust had settled it was not clear what — if anything — had really happened. First, the Treasurer announced in the Mid Year Economic and Fiscal Outlook…
Tax reform or trickery? Treasurer Wayne Swan’s plan for businesses to pay a monthly tax bill instead of a quarterly one has been met with acrimony from the business community. Tax reform or trickery? Treasurer Wayne Swan’s plan for businesses to pay a monthly tax bill instead of a quarterly one has been met with acrimony from the business community. AAP

Timing is everything: making sense of Swan’s corporate tax shake-up

One of the more contentious issues in the 2012-13 Mid-Year Economic and Fiscal Outlook (MYEFO) is a tax-timing change. Corporate income tax will be paid monthly instead of quarterly for very large corporations…

Research and News (2)