Genuine reform should include tackling tax concessions on superannuation, capital gains and trusts and redesigning the GST.
L’expertise universitaire, l’exigence journalistique
Articles sur Stage 3 tax cuts
Ensemble des articles
With polling showing strong support for Labor’s new tax changes and the opposition in a difficult position, the prime minister is back in the political ascendency.
A large majority of Australian taxpayers will benefit from the revised tax package, despite the impact of bracket creep over the next decade. But long term, these tax cuts come at a high price.
While two-party preferred polling is steady, a majority of Australians support Labor’s changes to the stage 3 tax cuts.
An ANU economic model finds even among the highest earning households, the policy change produces more winners than losers.
High earners aren’t particularly highly taxed by historical standards, and the earlier stage didn’t do much for low earners.
In the government’s dramatic recalibration of stage 3 all taxpayers will get a cut, rather than just those earning more than $45,000.
All prime ministers break promises. But there are some whose breaches go into the history books – and Anthony Albanese has just joined that group.
Australia’s tax and transfer systems do less to redistribute income than those in Canada, the United States, the United Kingdom and New Zealand.
A proposed Senate election reform would be little to fix the unequal representation of the states and territories in the upper house - in fact, it would make it worse.
Life hasn’t been this unaffordable in Australia in 40 years. There’s still time to redesign tax cuts starting next July – which would give $9,000 to high earners but just $1,000 to ordinary earners.
In this podcast we talk with Wayne Swan, the Labor Party National President. Swan was treasurer and deputy prime minister in the Rudd and Gillard governments.
The Albanese government had no intention of giving the Low and Middle Income Tax Offset a further lease of life. It just would have preferred that a pesky journalist hadn’t highlighted the fact
Grattan Institute estimates point to deficits without end, growing with the need for greater spending on health, defence and natural disasters. We’ve presented the treasurer with 13 costed options.
In superannuation, the detail matters, although Treasurer Jim Chalmers would argue there are always points to be nailed down with such changes
For average Australians, the stagnation of real wages has been the most tangible manifestation of the failure of neoliberalism. Yet “wages” are only mentioned four times in Chalmers’ Monthly essay.
Stage 3 has long been built into both federal budget planning and market expectations. Drawing on the British experience is more a convenient argument than a meaningful parallel.
Michelle & Amanda 04.10
Michelle Grattan & politics + society editor Amanda Dunn canvass Tuesdays interest rate hike, Australia's repatriation mission of women and children in refugee camps and the Brittany Higgins trial.
Chalmers knows there must be a reckoning. But when, and in what form?
Some earners will take home less after a tax switch legislated years ago and now supported by both sides of parliament.
Les contributeurs les plus fréquents
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Professorial Fellow, University of Canberra
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Election Analyst (Psephologist) at The Conversation; and Honorary Associate, School of Mathematics and Statistics, The University of Melbourne
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Deputy Program Director, Budgets and Government, Grattan Institute
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Program Director, Economic Policy, Grattan Institute
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Professor, School of Economics, The University of Queensland
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Deputy Program Director, Economic Policy, Grattan Institute
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Associate Professor, Centre for Social Research and Methods, Director, Centre for Economic Policy Research (CEPR), Australian National University
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Chief executive officer, Grattan Institute
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Fellow, Grattan Institute
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Economist and Director, Centre for Future Work, Australia Institute; Honorary Professor of Political Economy, University of Sydney
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Visiting Fellow, Tax and Transfer Policy Institute, Crawford School of Public Policy, Australian National University
