The backdrop to the forthcoming federal and state budgets for 2022/23 is that Australia’s public debt has increased sharply during the pandemic since 2019 — and is projected to increase further.
In response to the economic contraction of the COVID-19 pandemic, the federal and state governments have dramatically expanded the scope …
The fiscal response to the Covid-19 crisis ensures that the federal and state governments will experience large budget deficits and …
The strength of Australia’s government finances is an important dimension of economic performance as it helps set the foundations for …
Treasury modelling of the government’s tax changes make the strange assumption of no behavioural change, leading them to ignore economic …
Superannuation is not a good deal for everyone. As a result of house prices increases, it has become much harder …
The centrepiece of the 2019/20 budget was a proposed doubling of the income tax cuts that were legislated last year. …
Australia’s capital gains tax (CGT) policy has been largely settled for almost 20 years. However, it has come under renewed …
Under Australia’s dividend imputation system of taxation, since 2000 taxpayers whose franking credits exceed their tax liability have been paid …
This paper explores the hypothesis that growth of government has become self-sustaining through the emergence of a segment of the …
This week’s economic data was definitely a mixed bag for the government, at least from a political perspective. It was …
The day before news broke that inflation had surged to 5 per cent, the Australian Bureau of Statistics reported that …
Treasurer Josh Frydenberg has been busy massaging pre-budget expectations. We are told to expect an earlier and lower peak in debt as a proportion of GDP than previously forecast, with a decline over the medium term (which in budget-speak means up to 2032).
Dominic Perrottet’s elevation from treasurer to Premier of New South Wales (NSW) has brought attention back to his long-term plan …
Calls for tax reform are always grist for the headline writers’ mill, especially when they come from an international organisation. …
Labor has formally announced it will abandon many of the tax policies it took to the last election. Significantly, they …
Sidelined by this week’s news of gold medals in Tokyo, and an expanding COVID-19 outbreak in Sydney, was the Australian …
One of the most intriguing announcements in last week’s Victorian state budget was the removal of a land tax exemption …
It is too early to be definitive about the political and economic consequences of the pandemic. However, one aspect seems …
Back when he was Senate majority leader, US Republican senator Mitch McConnell was fond of the saying “elections have consequences”. …