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Keywords: Taxation

  • AUSTRALIA

    Is property investment our greatest vulnerability?

    • David James
    • 10 July 2024

    With soaring Australian house prices creating a generational wealth divide, the increasing inequity of the property bubble is damaging to Australian society. Could diversifying investment options, like industry super funds, lure people away from property and cool the market?

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  • AUSTRALIA

    Bring the second Australia out of the shadows

    • Mark Gaetani
    • 12 October 2023
    3 Comments

    Beneath the facade of Australian prosperity lies a hidden country where over three million citizens, including a staggering 761,000 children, grapple daily with the hard choices that come with poverty. With an urgent need for reform, what policy shifts could bring about the transformation this nation needs?

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  • AUSTRALIA

    Modest tax and super changes could fund major welfare boost

    • Mark Gaetani
    • 02 September 2023

    A new report for St Vincent de Paul Society suggests minor tax and welfare tweaks could lift 834,000 Australians from poverty. Amidst skyrocketing rents and income disparities, the call for an empathetic economic overhaul is louder than ever.

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  • ECONOMICS

    Labor’s embrace of Liberal tax policies leaves poor worse off

    • Chris Smith
    • 31 August 2021
    11 Comments

    In July, Anthony Albanese announced a significant change of stance on Labor tax policy which was disappointing, if not surprising. An elected Labor government, Albanese promised, would keep the coming high income tax cuts he previously opposed. This decision to not oppose the government proposal to restructure the income tax system through reduced marginal rates is supporting a government policy that will lead to a significant redistribution of wealth towards high income earners.

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  • ECONOMICS

    Burning down the house of inequality

    • John Falzon
    • 28 June 2018
    7 Comments

    If you accept the tenets of individualism, you are going to struggle to see why we should have anything but the most minimal level of taxation, and you wouldn't hold that taxation should be progressive to be fair. But the reality is that inequality is a political failure; not a personal one.

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  • ARTS AND CULTURE

    Three aspects of Australian racism

    • P. S. Cottier
    • 12 June 2017
    1 Comment

    It involves hoods, but less KKK than DDD - Don Dale Detention where the kids wear the hoods in a stunning display of regressive taxation. 2. Outsourcing pain to poorer places which we pay to exercise contempt on our behalf - washing red hands in the convenient sea. Who needs a wall? 3. Protecting Islamic women by shouting at them on streets for wearing religious freedom.

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  • ECONOMICS

    Budget's bank slug flouts the property precipice

    • David James
    • 10 May 2017
    3 Comments

    The $6.2 billion the government will raise through a levy on bank liabilities not only shows how out of favour banks have become, it is also, in effect, a de facto tax on property lending - a counterbalance to negative gearing and capital gains tax breaks. It is a tax on property lending because nearly all the banks' loans are mortgages for housing, or business loans secured with property. Of course the banks will pass the extra cost on to their customers, so it becomes a tax on borrowers.

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  • AUSTRALIA

    Blessed are the taxpayers in Abbott's Australia

    • Neil Ormerod
    • 16 March 2015
    39 Comments

    In relation to the future of remote Aboriginal communities in WA, the Prime Minister said: 'It is not the job of the taxpayer to subsidise particular lifestyle choices.'  The statement raises this question: on whose behalf does the government govern? The logical response is: the taxpayer. We must then ask whether it works on a sliding scale – the more tax you pay, the more the government attends to your needs.  

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  • AUSTRALIA

    The GST and Abbott's fair go for all

    • Michael Mullins
    • 07 April 2014
    7 Comments

    Federal Treasury secretary Martin Parkinson has called on the Government to increase the GST. In isolation this would hurt the poor and benefit the rich. But it could help the common good if it is part of a tax reform package that cuts tax avoidance strategies for high income earners, including superannuation concessions, negative gearing and trusts.

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  • ECONOMICS

    Boost budget by chopping charities' tax take

    • David James
    • 27 August 2013
    3 Comments

    Australia is one of only a few countries in the world that has a franking credit system. Though it is designed to stop 'double taxation' on company tax, in many cases it ends up being a 'double reward' for entities that already have tax favoured status. Last year the Tax Commissioner generously refunded over $500 million to charities and not-for-profits on dividends because they pay no tax.

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  • AUSTRALIA

    Philanthropy should be a condition of tax relief

    • Michael Mullins
    • 11 February 2013
    6 Comments

    Business Council of Australia president Tony Shepherd justifies superannuation tax concessions for the wealthy: 'We go to work, we get paid. The money is ours.' In the USA, philanthropy is common among self-made men. There is no such tradition here, where taxes are needed to fund welfare and other projects for the common good.

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  • AUSTRALIA

    Natural disaster fund could be Gillard's easy path to glory

    • Michael Mullins
    • 31 January 2011
    5 Comments

    It is difficult for Prime Ministers to impose short term pain for long term gain if they want to be re-elected. But Gillard faces a different situation because the Independents are her masters, not the 2013 voters.

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