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Ideas@ The Centre 37

Vol. 11 No. 39 (October, 2009) Freedom quote of the week
Freedom is not worth having if it does not include the freedom to make mistakes.
Mahatma Gandhi
  • Capital Gains Tax Reform as Supply-Side Economics
    Stephen Kirchner | 13 Nov 2009

    The introduction of capital gains tax discounts for individuals and funds as part of the 1999 Ralph business tax reforms has received a lot of bad press, but much of this commentary is ill-informed. Many journalists claim that the discounts have come at a multi-billion dollar cost to the revenue. This is based on a misunderstanding of the Treasury’s annual Tax Expenditures Statements. These statements attempt to measure the benefits to taxpayers from tax concessions. They do not measure revenue forgone, a very different concept. The Treasury’s approach makes no allowance for changes in behaviour on the part of taxpayers in response to CGT or other tax concessions. To avoid double-counting, the Treasury also includes the value of other CGT concessions in its estimates of the tax expenditures on the Ralph CGT discounts. This overstates the value of tax expenditures on the discounts, while understating the value of other CGT concessions.

  • Aboriginal men need jobs, not more programs
    Sara Hudson | 13 Nov 2009

    A new Australian Medical Association (AMA) report says a lack of purpose in Aboriginal men’s lives has had a profound impact on their health and well-being—not to mention the lives of their women and children. This finding is far from surprising. You don’t need to be a brain surgeon to work out that sitting around doing nothing leads to despondency and despair.

  • Through the glass ceiling back to the glass floor
    Jessica Brown | 13 Nov 2009

    There’s nothing like an old-fashioned battle between working mums and their stay-at-home sisters, especially when a glamorous and high profile mother like the editor of British Vogue, Alexandra Shulman, weighs in.