Finance, Banking, Monetary Systems


Research into why a sound financial and monetary system is critical for economic prosperity continues to be an ongoing project at the CIS.



Principles and recommendations for tax reform - CIS submission National Reform Summit
Simon Cowan, Robert Carling, Henry Ergas
27 August 2015 | The Centre for Independent Studies

The slant towards cutting taxes before 2010 was welcome, but for such an approach to return in the foreseeable future, the growth of government spending will have to be curbed and the size of government as a share of GDP reduced. Although tax reform may…

Submission to the National Commission of Audit
Alexander Philipatos, Jennifer Buckingham, Jeremy Sammut, Robert Carling, Simon Cowan, Stephen Kirchner, Trisha Jha
01 April 2014 | T30.08

The federal government’s Commission of Audit (CoA) was established in 2013 to review the performance and role of government. This publication is an edited version of the CIS submission to the CoA listing practical solutions aimed at cutting government expenditure. The government should adopt a…

TARGET30: Reducing the burden for future generations
David Murray, Maurice Newman, Simon Cowan
01 July 2013 | PF25

TARGET30 is a campaign promoting smaller government and cutting government spending to less than 30% of GDP in the next 10 years. This collection of speeches presented at the campaign’s launch focuses on ensuring that the crucial services Australians need are delivered efficiently and effectively…

Australia’s Future Fiscal Shock
Robert Carling
28 September 2012 | IA134

Australia’s Future Fiscal Shock. Robert Carling is a Senior Fellow at the Centre for Independent Studies.

Regulation or Strangulation? Banking After the Global Financial Crisis
Ian Harper, Robert Carling
12 June 2012 | PF23

Rightly or wrongly, inadequate regulation of finance has taken much of the blame for the global financial crisis. International organisations and governments around the world have spent the past three years designing a new regime of regulation. In Australia, the Basel III measures are being…

Media & Commentary

National Reform Summit good, bad and ugly
Simon Cowan
28 August 2015

On Wednesday, KPMG hosted Australia’s opinion leaders at the National Reform Summit. Trade unions, business leaders, community and interest groups, even the odd think tank researcher, sat down for the…

Bracket creep reform: What are you waiting for, Hockey?
Michael Potter
25 August 2015 | ABC The Drum

Mr Hockey rightly argues bracket creep is a stealth tax increase. Addressing the problem of stealth income tax increases is crucial for a Government wishing to focus on jobs and…

A costly tax for Australian businesses
Michael Potter
21 August 2015 | Business Spect

Many issues have been raised in all the debate on tax reform. Company tax reform discussions have focused on encouraging foreigners to invest in Australia. But what about addressing disincentives…

Reform retreat a tax-fest
Robert Carling
24 July 2015 | Ideas@TheCentre

Paul Keating once warned, “Never stand between a state premier and a bucket of money”. Rarely has the hazard been more on display as state premiers lined up this week…

The big problem with raising the GST
Robert Carling
21 July 2015 | Business Spectator

Mike Baird’s daring call for a 50% increase in the GST is in the spirit of the free exchange of ideas that this week’s special COAG retreat is designed to…