Search Results: superannuation

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  • ECONOMICS

    Which party really has the economic smarts?

    • David James
    • 12 August 2013
    3 Comments

    As the China boom fades Australia is experiencing a delayed version of the GFC, without the banking crisis. Until now we've been reasonably well served by both sides of politics, in terms of macro-economic strategy. Now we require a way of dealing with more mundane economic issues like productivity and efficiency. Neither side has many good ideas about how to achieve the required structural shifts.

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  • ARTS AND CULTURE

    Migrant factory worker's story

    • Selected poems
    • 05 August 2013
    1 Comment

    The factory thrust its bloody quota past her six days a week, and she did what she had to. The gloves and boots and heavy denim became first and last lines of defence. She lost a thumb once, then a fingertip a year later. Language didn't come into it. She got sick and sacked in the same fortnight, then lay doggo for a decade.

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  • AUSTRALIA

    A legal tax rort is still a rort

    • Michael Mullins
    • 21 July 2013
    11 Comments

    The salary packaging and car manufacturing industries resented not being consulted about changes to fringe benefits tax rules. But as treasurer Chris Bowen said when he shrugged off the criticism: 'This is a matter of the integrity of the tax system.' A tax system that makes compromises with sectional interests is by definition corrupt and turning its back on the common good that it has been set up to serve.

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  • AUSTRALIA

    Gutsy budget built around icons

    • Lin Hatfield Dodds
    • 15 May 2013
    5 Comments

    The 2013 Federal Budget is framed around a national disability insurance scheme, education reform, and welfare to work focused welfare spending. The jewel in the crown has to be DisabilityCare, which will make a significant difference in the daily lives of nearly half a million Australians.

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  • AUSTRALIA

    Flawed beauty in back-to-the-wall Budget

    • Paul O'Callaghan
    • 14 May 2013
    13 Comments

    The Treasurer has emphasised his belief that Labor's values and priorities are reflected in this Budget. He is keen to help the battler. Yet there is a sharp dissonance between the Government's promotion of a 'fair go' through big reforms and its evident disinterest in so many citizens whose financial struggles are profound.

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  • AUSTRALIA

    Black hole budget will penalise the poor

    • Brian Toohey
    • 06 May 2013
    9 Comments

    Labor is struggling with a $12 billion write down in anticipated revenue for 2012-13 after Treasury bungled the forecasts. It could cut back on government assistance to those who can fend for themselves. But it has chosen to penalise the poor, with those on the parenting payment being switched to the lower Newstart. 

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  • ECONOMICS

    The truth about middle class welfare

    • David James
    • 08 April 2013
    5 Comments

    Commentary on the proposed changes to tax on super has created the impression that the truly needy will miss out on extra cash as politicians pander to middle class voters. This is almost entirely false. In terms of where tax dollars are allocated, Australia has definitely concentrated on lower class welfare.

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  • ECONOMICS

    Big business twists tax truth

    • David James
    • 26 March 2013
    2 Comments

    Australia's business lobbies are fond of complaining that company tax is too high. Lower it, they argue, and the economy would become more dynamic and everyone would benefit. The reality isn't that simple. The combination of Australia's dividend imputation system and the compulsory super scheme greatly benefit Australia's big companies.

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  • AUSTRALIA

    Nice guys of Victorian politics finish last

    • Moira Rayner
    • 12 March 2013
    6 Comments

    Geoff Shaw, who belittled the now-traditional 'welcome to country' and publicly equated gays with dangerous drivers, is currently the most powerful man in Victorian politics. His resignation helped ensure the downfall of the humane and likeable Ted Ballieu, whose achievements as Premier jarred with pre-election promises. 

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  • AUSTRALIA

    Philanthropy should be a condition of tax relief

    • Michael Mullins
    • 10 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

    Tax justice for unpaid carers

    • Michael Mullins
    • 03 February 2013
    8 Comments

    Last week the political leaders were brawling over assistance payments for middle-class Australians, with Tony Abbott claiming to be promoting 'tax justice for families'. A new Human Rights Commission report has shown how our super and tax systems fail unpaid carers, who are needed to sustain many families. But not the ones whose votes matter most.

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  • ECONOMICS

    Gloomy forecast for Aboriginal super

    • David James
    • 11 December 2012
    6 Comments

    Superannuation is not generally available before the age of 55. For most of the population of Australia this is scarcely a problem, as they are likely to live well into their 80s. But the average life span of Aboriginal Australians is much lower. Many will not live long enough to derive financial advantage from their super.

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