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WeChat has transformed from a social media to a payment platform (among other things) and had success in China. Could Australia be next? Siphiwe Sibeko/Reuters

Apple Pay may have won the battle but it may not win the war

While Apple Pay may have won the battle against some of Australia’s banks, it may lose the war against the providers of digital wallets, such as Tencent and Alibaba.
Over a period in which the Australian economy saw around 600,000 additional people get jobs, employment in the renewables sector has been going backwards. AAP Image/City of Sydney, Damian Shaw

Three charts on: the incredible shrinking renewable energy job market

Estimates released by the Australian Bureau of Statistics suggest that the number of direct full-time equivalent jobs in renewable energy activities has continued to fall from its 2011-12 peak.
The actual corporate tax rate in Australia is considerably lower than 30% due to the high utilisation of imputation credits by shareholders. Mick Tsikas/AAP

The government’s company tax cut win a triumph of politics over economics

The company tax cut may signal to the world that Australia wants to be competitive on corporate tax, but it won’t make much of a difference to our largest businesses and multinationals.
Rapid rise of Australian house prices have created disagreement between economists on whether a housing bubble currently exists. Brian Birdwell/flickr

What economics has to say about housing bubbles

Economists struggle to agree on when and where housing bubbles occur, but bubbles all have similar characterisitics.
Many of the economists argued that the principle of the CGT discount is not a bad policy, however the level of the discount is generous and is open for abuse. Lukas Coch/AAP

Capital gains tax concession is too generous: economists poll

The Economics Society of Australia (ESA) Monash Forum polled economists on whether capital gains tax deductions for housing investment should be removed.