Think tank makes case for cutting capital gains tax discount.
Deloitte strongly argues the budget has a revenue problem, not just a spending problem – a proposition consistently rejected by Treasurer Scott Morrison.
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The federal budget deficit from now through to 2018-19 is likely to be $129 billion, $21 billion worse than in the December official budget update, according to Deloitte Access Economics.
The ageing of Australia contributes to its structural deficit.
Flickr/Jonas Boni
The first years of the millennium were kind to government finances. A benign economic environment, and a once-in-a-century commodity boom fuelled by Chinese growth, helped the Federal budget to a cumulative…
Politicians may like to cut ribbons, but there’s also good evidence public spending on infrastructure drives productivity.
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Voters will hear a lot about productivity in the lead up to the budget. The key thing to remember is that it’s a very rubbery concept, enormously tricky to measure and highly politicised.
Malcolm Turnbull may find political realities make delivering promises impossible.
AAP/Richard Wainwright
After a GST increase to finance big income tax cuts disappeared as a viable option for the May budget, attention centred on reducing the 30% company tax rate. But, assuming the government goes ahead with…
Tony Abbott can rest assured he has made a lasting contribution to Australia’s future.
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Giving states the power to levy income tax won’t make up for the shortfall in health and education funding and it could mean poorer states are worse off.
The Curtin Labor Government in 1942 started the process to take income tax from the states.
National Library of Australia
The states have historically fought to keep their income tax powers so it seems a joke to see a rejection of the Federal Government’s proposal to give these powers back.
Paul Clintock, chairman of CEDA, says the report is trying to bring a balanced perspective to the budget debate.
CEDA
Malcolm Turnbull admits he did not make a call on Sunday night to tell Scott Morrison he was bringing the budget forward, but that draws attention to the obvious point – Morrison had abundant warning…