The revelation on the BBC and in the Guardian that British bank, HSBC, the second biggest in the world has allegedly helped UK residents sidestep taxes through a Swiss subsidiary should really come as…
Refuting the charge that he opposes “green crap”, George Osborne has become a recycling champion. His Autumn Statement is built on re-announcements of existing projects (including the £15 billion road…
All bark no bite? Green shoots of growth hide risks as well as opportunities.
Sharon Mollerus
Not too long ago, cynics were wondering if David Cameron’s fears over the global economy were a ploy to shift blame for any flaws in the UK’s performance as we near the May 2015 general election. However…
Treasury Secretary Martin Parkinson has called for tax reform.
AAP/Alan Porritt
Treasury secretary Martin Parkinson has said that plans for tax reform must highlight medium-term economic payoffs, avoiding the “zero-sum” focus of recent debates, if they are to be successfully sold…
The evidence is mounting about how regressive the UK tax system has become under the coalition government. Our work for the Sheffield Political Economy Research Institute (SPERI) highlighted how those…
People can raze mountains, divert rivers, clear forests and give subsidies, grants and preferential loans as a welcome to corporations, but the companies themselves don’t have any loyalty to communities…
Realistic reforms to federal-state financial relations are possible with the right amount of political will.
AAP/Alan Porritt
The federal budget reignited debate over federal-state relations with a decision to cut $80 billion funding for the state responsibilities of schools and hospitals over the coming years. So how can federal-state…
Charis Palmer, The Conversation and Emil Jeyaratnam, The Conversation
Miners, farmers and trucking companies spoke out over rumoured cuts to fuel tax credits in this year’s budget, and the credits for off-road diesel use are now tipped to be left alone.
Rebecca Le May/AAP
Tony Abbott has warned there will be “tough decisions” in tomorrow’s federal budget – but would his government risk an industry and internal backlash by cutting back on multi-billion-dollar fuel tax credits…
1st class flying: luxury dorm rooms.
Richard Moross
In the big inequality debate, one thing unites those concerned by wealth disparities: they want the rich to pay more in taxes. But how to do this? The “tax efficiency” industry is thriving, money is hidden…
There are stark disparities in the typical amount of tax per standard drink in Australia.
Kimery Davis/Flickr
When former treasury head Ken Henry completed a review of alcohol tax arrangements in 2009 he described them as “contradictory” and “incoherent”. Earlier, former treasurer Peter Costello had been more…
There is good news for George Osborne as he approaches his latest budget speech. The Bank of England is predicting the economy will grow by 3.4% per cent this year and the Office of Budget Responsibility…
After a promising start to an ambitious economic turn-around program, Prime Minister Shinzo Abe will have more difficulty with tax changes scheduled to come in over the next few years.
EPA/Harish Tyagi
Another record trade deficit for Japan is raising doubts about Prime Minister Shinzo Abe’s “Abenomics” strategy for economic revival. The new figures follow poor manufacturing sentiment numbers earlier…
India keeps getting into arguments with foreign firms over tax; is it wise to do so? The Financial Times, for one, is in no doubt that India is scaring off foreign investors, and that it is making a mistake…
Sweden shows it’s possible to maintain a welfare state and good public finances
Shutterstock
As the Abbott government’s Commission of Audit busily scours the globe for answers to our fiscal woes, where in the world will it look? My tip is that it will dwell with the usual suspects: the UK, the…
You’d need a lot of these to make a dent in our deficit.
Images_of_Money
Ed Balls, the shadow chancellor, has announced that if elected a Labour government would return the rate of income tax payable on incomes above £150,000 to 50%. What would the effect of this be? The contention…
Assistant treasurer Arthur Sinodinos is being pushed to consider “patent box” incentives to spur innovation and commercialisation in Australia.
AAP/Stefan Postles
Australian business’s innovation track record has been patchy, but it’s commercialisation track record has been even worse. Now the Abbott Government is considering another proposal – this time from Ausbiotech…
Finishing touches go on at the World Economic Forum, where Tony Abbott will outline his G20 agenda.
AAP
When prime minister Tony Abbott delivers his speech outlining “Australia’s Vision for the G20” at the World Economic Forum (WEF) in Davos, Switzerland on Thursday, he will have the attention of some of…
No antibiotic resistant bacteria please - in your pork, beef, chicken, or throat.
Dr Graham Beards
The development of resistant bacteria over the past 50 years stands testament to the power of evolution. While scientists have discovered or created hundreds of antibiotics to kill bacteria, those bacteria…
Tax avoidance shows no sign of abating. Google, the company with the slogan “Don’t be evil”, is at it again. The company has been named and shamed by the UK House of Commons’ Public Accounts Committee…