Tax

The aim of the research at the CIS is to work towards an efficient and predictable tax system that does not impose too great a burden on the economy.

Publications

Fix it or Fail: Why we must cut company tax now
Michael Potter
04 October 2016 | RR20

Australia needs to cut company tax to 25% to boost business investment, which is currently at recessionary levels. An investment boost will grow the economy, leading to increased wages, employment, national income, exports and productivity. Business investment is being hampered by our uncompetitive company tax,…

Submission to the Senate Inquiry into Enterprise Tax Plan Bill 2016
Michael Potter
30 September 2016 | CIS Submission

The growing company tax burden contrasts with the state of the economy, which is showing some weaknesses and facing substantial risks — as discussed later in this paper. Australia’s company tax system is not well placed to address these risks. The tax rate was 49%…

The case against tax increases in Australia: The growing burden
Michael Potter
07 June 2016 | Research Report 15

View Interactive Snapshot The tax burden imposed by the Commonwealth Government alone, and by all Australian governments, is above its historical levels and forecast to go well above these averages. Similar results are obtained if the budget deficit is included to measure the long-run tax…

The case against tax increases in Australia: The growing burden
Michael Potter
07 June 2016 | Research Report 15

View Interactive Snapshot The tax burden imposed by the Commonwealth Government alone, and by all Australian governments, is above its historical levels and forecast to go well above these averages. Similar results are obtained if the budget deficit is included to measure the long-run tax…

Taming the Monster: Reforming Personal Income Tax
Robert Carling
05 April 2016 | Research Report 12

Without any change in personal income tax rates or thresholds, the tax burden will increase substantially and many more taxpayers will face high marginal rates over the next few years. The adverse economic impact of personal income tax is already high and is set to…

Media & Commentary

Lies, damned lies and (tax) statistics
Michael Potter
02 December 2016 | Spectator - Flat White

I’m sure you were all up late on Wednesday night eagerly awaiting the publication of the latest OECD Revenue Statistics. But for those who missed it, here’s the key point:…

What business will do with tax cut
Michael Potter
02 December 2016 | Ideas@TheCentre

We have had modelling, supposition, and (by the left) outright fabrication on what businesses will do with a tax cut. But now we have the results of a survey conducted…

MEDIA RELEASE: Business to invest more, hire staff and increase wages in response to company tax cut
Michael Potter
28 November 2016

More than half of Australian businesses are likely to invest more as a result of a cut in company tax, according to survey results released today by the Centre for…

Australia's budget repair problem can't be swept under the carpet
Simon Cowan
26 November 2016 | Canberra Times

Peter Costello delivered the last federal budget surplus on May 8, 2007. The following year, new Labor treasurer Wayne Swan promised a $20 billion surplus, which turned out to be…

Dark clouds gather around Australia’s triple-A rating
Robert Carling
25 November 2016 | Ideas@TheCentre

The bongo drums of credit ratings agencies just became louder, and the message is that at least one agency is poised to strip the Commonwealth of Australia of its triple-A…