Australia is a low tax country. If we were to collect the average amount of tax collected by OECD countries then this year, we would have to collect more than an extra $100 billion. Per year.
Thu 11 Sep 2025 13.08 AEST
“Australia is a low tax country. If we were to collect the average amount of tax collected by OECD countries then this year, we would have to collect more than an extra $100 billion. Per year.”
On Wednesday, 31 January 2024, Executive Director at the Australia Institute Richard Denniss and Allegra Spender MP addressed the National Press Club for a debate on the Stage 3 tax reforms.
Since Parliament last sat, the likelihood of a rate rise this year has gone from 'not likely' to 'lock it in'. I wish I could say this is because, in the past couple weeks, there has been data showing that the economy is going gangbusters and is in need of cooling off. But alas… this is not the case.
You’ve been told your whole life that taking on debt for an education is OK, because that education will land you a good job. The debt will be manageable. Your earning power will increase. University will be your pathway to social mobility.
In a sign of the brutal impact of the Reserve Bank’s three interest rate rises, more than 1 million Australians worked multiple jobs in the June quarter for the first time. When cost of living pressures rise, one of the more dramatic impacts we see in the economy is more people needing to work more than one job to make ends meet.
