Social Services Minister Scott Morrison has said eight out of 10 income taxpayers go to work to fund Australia’s welfare bill.
AAP Image/Lukas Coch
Implying that 80% of Australian income tax goes straight towards the welfare bill overlooks the fact that a large proportion of income taxpayers benefit from social security.
Australians are losing public confidence that Australia’s leaders can tackle our “wicked problems”.
AAP/ Lukas Coch
Recent comments from the Business Council of Australia reflect a shift in the public debate about reform and the national agenda. Specifically, BCA President Catherine Livingstone has called for wide consultation…
News Corp Australia CEO Julian Clarke and CFO Susan Panuccio were asked by Senators to account for its tax affairs.
Nikki Short/AAP
The government want us to believe in the “debt deficit disaster: in order to accept paying more tax. But why do parliamentarians need an inquiry simply to find out how much tax multi-nationals pay?
That difficult conversation can be made much worse if the strategy is poor.
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Managers often avoid difficult conversations, but here are six ways to deliver the message effectively.
It’s personal: why shouldn’t consumers reclaim the rich data trail they create?
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The competition review could help shed light on whether Australian companies are willing to share the data they hold on us as consumers.
Secrecy around investor state dispute settlement clauses in the Transpacific Partnership has stoked concerns.
AAP Image/NewZulu/Peter Boyle
The secrecy around negotiations of the Transpacific Partnership have been painted as sinister. But could the reasons be about practicality?
Alexis Tsipras’ visit to Moscow this week drew a terse response from Angela Merkel, but no deal has been announced.
Alexey Nikolsky/Ria Novosti/Kremlin Pool/EPA/AAP
As Greece wastes time seeking war repatriations to help cover its debts, a better solution would be debt forgiveness - with conditions.
Foxtel hopes to retain viewers with exclusive content such as Game of Thrones.
AAP/HBO
Australians have enthusiastically embraced new streaming service Netflix. But with its subscription business model under threat, Foxtel is coming out fighting.
Australia’s relatively high corporate tax rate is said to deter foreign investors while the dividend imputation system does nothing to attract them.
AAP/Paul Miller
If our dividend imputation system makes it unattractive for non-resident investors in Australian companies, why not extend tax offsets on franked dividends to them?
There will always be lenders happy to fund customers at high interest rates. But alternatives are needed for the financially excluded.
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The number of Australians getting caught in a repetitive cycle of payday loans is growing, but in many cases they have little choice.
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?
Julien Tromeur/Shutterstock
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.
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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…