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Articles on Tax

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This election year, taxation, industrial relations and red tape will feature prominently on the business community’s agenda. AAP

This election year, business will push for a triumph of policy over paralysis

The business community was effectively sidelined at the last federal election, and they felt somewhat miffed about it. Business associations were caught flat-footed at the suddenness of Julia Gillard’s…
Beer taxes played an integral part in establishing Belgian territory. Flickr\ ee b b

How beer created the state of Belgium

Around the world, Belgium is famous for its beers and its brewing tradition. However, there is another link between beer and Belgium: historically, the country owes its very existence to beer. Surprisingly…
Federal treasurer Wayne Swan welcomed the report. AAP Image/Alan Porritt

Broaden GST and cut industry subsidies: OECD

Australia’s robust economy makes it the “Iron Man” of the developed world but the government should hike the GST rate and apply it more broadly, according to a new OECD report released today. “Tax reforms…
State premiers preparing to gather at COAG on Friday have been disappointed by the GST Review.

GST review ranges wide, but ultimately delivers little change

As Prime Minister Julia Gillard prepares to meet with state premiers at Friday’s COAG meeting, the elephant in the room will be the Independent GST Review, released by Treasurer Wayne Swan last week. The…
Warnings of a drop in Australia’s real GDP per capita - a measure of living standards - still provide a stark contrast to Greece, where the real GDP per capita is likely to be 25% lower in 2013 than in 2008. AAP

Do dire warnings of falling living standards add up to need for tax reform?

Last week, the Organisation for Economic Cooperation and Development (OECD) in a preliminary version of its 2012 Economic Outlook lowered its growth forecasts for Australia from 3.7% to 3.0% in 2013. This…
Chris Jordan will start in his role as Australia’s Federal Tax Commissioner in January 2013. AAP

Challenges await Australia’s new Tax Commissioner

In January 2013, Mr Chris Jordan AO starts as Federal Commissioner of Taxation in charge of the Australian Taxation Office (ATO). He follows Mr Michael D’Ascenzo AO, who was not reappointed after his seven-year…
Resolving the US’ fiscal cliff through taxation reform will prove challenging for the President. AAP

No clear resolution for the US fiscal cliff

When President Obama took office in 2008, there was little time for rest or reflection. The economy was in freefall and immediate action was required. This time around, the situation is not so dire. But…
The NSW Auditor-General has revealed discrepancies totalling $1 billion in Barry O'Farrell’s coalition June budget.

Back in the black but redfaced: NSW Government accounting under scrutiny

New South Wales taxpayers could well be wondering whether the news that the state’s finances are in surplus - rather than deficit - is good news or bad. The state’s Auditor-General Peter Achterstaat has…
Tax reform or trickery? Treasurer Wayne Swan’s plan for businesses to pay a monthly tax bill instead of a quarterly one has been met with acrimony from the business community. AAP

Timing is everything: making sense of Swan’s corporate tax shake-up

One of the more contentious issues in the 2012-13 Mid-Year Economic and Fiscal Outlook (MYEFO) is a tax-timing change. Corporate income tax will be paid monthly instead of quarterly for very large corporations…
Mitt Romney has said that 47% of households pay no federal income tax, but something about the statement doesn’t add up. AAP

Doing the math on Mitt Romney and the ‘47%’

Republican presidential nominee Mitt Romney’s comment that 47% of households pay no federal income tax is true. (It’s actually closer to 46%.) But when you dig beneath the bumper-sticker headline, his…
Cuts to the R&D tax incentives for Australian businesses - as proposed by the Business Tax Working Group - have significant implications for our future economic wellbeing. Image from www.shutterstock.com

Scrapping the R&D tax incentive is hardly a smart idea for economic policy

The Business Tax Working Group discussion paper’s suggestion to reduce the R&D tax incentive reveals a clear-cut attitude to policy aimed at Australia’s economic development: “It’s all about the tax…
There are economy-wide gains to be made from lowering the corporate tax rate, but businesses will need to make concessions of their own. Image from www.shutterstock.com

Subsidies are standing in the way of corporate tax reform

Yesterday, the government’s business tax working group released its discussion paper on possibilities for tax reform. The paper makes a case for a broader base and lower tax rate (the corporate tax is…
Provocative artworks, such as Wim Delvoye’s Cloaca, have drawn a steady stream of tourists to multi-billionaire David Walsh’s Museum of Old and New Art in Hobart. AAP

Sex, death and taxes: how should the tax system treat MONA founder David Walsh?

It was March last year when I sat down in the chaotic New York office of a leading international tax attorney to conduct an interview for a book I was writing on the campaign against tax havens. But rather…
Former politician and economist John Hewson speaks to ANU’s Crawford School’s Bruce Chapman and Daniel Connell.

John Hewson: tax reform doesn’t just mean lowering taxes

Welcome to the latest in our In Conversation series, between former politician and economist Dr John Hewson, Australian National University (ANU) Crawford School Director of Policy Impact Professor Bruce…
The Prime Minister is selling the Schoolkids Bonus as extra help for families, but is it good policy? AAP Image/Penny Bradfield

Assessing the Schoolkids Bonus: Good policy or just a ‘cash splash’?

The 2012 federal budget has been described as “a big taxing, big spending budget” with a big focus on welfare. The first spending measure to be legislated and to come into effect is the new Schoolkids…

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