Economy
Failure to tax extreme wealth will fuel far-right surge, warns Gary Stevenson
British economist Gary Stevenson, known as 'the People's Economist' has delivered blunt advice to Australian politicians during his tour of Australia, warning that living standards will continue to deteriorate unless they start taxing the “super-rich elite.”
National Party seats would be largest beneficiaries from Low-Income Tax Offset reform: new research
Proposed reforms to the Low-Income Tax Offset (LITO) would greatly benefit rural and regional electorates, particularly those currently held by the National Party, according to new research from the Australia Institute.
One Nation unveils policy aimed at taxing gas industry
Today’s announcement by One Nation of its policy to charge the gas industry royalties instead of giving them the gas for free reflects the views of voters across the political spectrum.
Who pays to clean up aging oil and gas infrastructure?
Nothing in this world is certain but death, taxes, and the decommissioning of aging oil and gas infrastructure. An accelerated energy transition will accelerate asset retirements, but field decline is occurring regardless.
Independent Senator David Pocock calls for 25 per cent tax on gas exports
Independent Senator for the ACT, David Pocock, has added his voice to calls for a 25 per cent tax on gas exports.
Why Australia taxes beer more effectively than its gas exports
Far from fixing the problem of low PRRT revenues, PRRT revenue is expected to fall further over coming years, while beer excise just keeps on rising.
Don’t panic, RBA: low unemployment is a good thing
In some excellent news, the Bureau of Statistics estimates that Australia’s unemployment rate remained at 4.1% in January. Before we go any further let’s just enjoy the current state of Australia’s labour market.
‘Strong bank profits’ are a warning sign, not good news
When banks make big profits media organisations love to cheer them on as though there are no losers form some of the biggest corporations in Australia making ever more money. But profits don’t come from thin air, they come from customers, they come from you.
