Products – The Centre for Independent Studies

Budget 2019: Why the long-term tax cuts should be fast-tracked

John Humphreys
04 April 2019 | PP19
Budget 2019: Why the long-term tax cuts  should be fast-tracked

The centrepiece of the 2019/20 budget was a proposed doubling of the income tax cuts that were legislated last year. Both the short-run LMITO change and the long-run tax cuts will reduce tax, but the two approaches are fundamentally different.

These differences are important, but they are hidden by the superficial nature of the tax debate in Australia. To differentiate between superficial tax changes and meaningful tax reform, it is necessary to understand the link between taxes, incentives, and behaviour.

We have used a dynamic tax model that factors in behavioural changes. This model applies an elasticity of taxable income to estimate the direct link between tax rates and the tax base, which allows for more accurate estimates of revenue changes, the efficiency cost (deadweight loss) from tax, economic output, and consumer wellbeing.

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18 August 2021 | PP43

Predictions have been made by the Doherty Institute and others that Australia will achieve full vaccination of 70% of the eligible population by the end of October and 80% by mid-November, thereby meeting the thresholds for liberalisation of restrictions set by national cabinet. Doubts that have been expressed about these predicted vaccination levels are unwarranted. Basic modelling and comparisons with…

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Crucial Collaboration: The Case for Closer Australia-UK Defence and Security Ties in Light of a Rising China
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Does high-rise development damage neighbourhood character?
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Grahame Campbell
22 April 2021 | PP39

Aquifer groundwater is a crucial and valuable resource for Australia, but is poorly managed and monitored to the point of being neglected in some areas. This neglect is a risk for the future of Australia’s $60 billion agriculture production and industry that relies on the resource in an arid country. About 30% of Australia’s total water consumption comes from groundwater,…

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