Search Results: superannuation

  • AUSTRALIA

    So much for Labor values

    • Brian Toohey
    • 14 October 2013
    9 Comments

    Amid all the post-election talk about Labor values, no one within the party has explained how the appalling behaviour exposed by the NSW Independent Commission Against Corruption could have occurred if senior figures took any notice of these supposedly cherished values. It is not credible that most NSW state and federal Labor MPs, and key officials, had no inkling of Obeid's behaviour while a backbencher or minister.

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  • AUSTRALIA

    Tolerating corruption will destroy Australia's brand

    • Michael Mullins
    • 07 October 2013
    6 Comments

    Australia tied with Denmark, Finland and Japan for the title of the world's least bribe-ridden country in 2013. Our cultural resistance to corruption has long been a major contributor to Australia's reputation as a good global citizen, not to mention economic prosperity. Pope Francis said last week that we all have our own idea of good and evil, and each of us fighting against evil as we conceive it makes the world a better place. 

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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

    Australian democracy needs an intrusion of the excluded

    • John Falzon
    • 19 August 2013
    24 Comments

    Kevin Rudd says we need a 'new politics' or a 'new way'. Tony Abbott says we'll only get a new way by electing a new government. What is missing in both statements is the recognition that what we actually need is a new kind of economic democracy: a reconfiguration of our economic prioritising away from individualism towards the common good, and towards the participation of all rather than the exclusion of many.

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  • ECONOMICS

    Which party really has the economic smarts?

    • David James
    • 13 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
    • 06 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
    • 22 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
    • 16 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
    • 15 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
    • 07 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
    • 09 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
    • 27 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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