Search Results: Superannuation
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AUSTRALIA
- 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
- 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
- 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
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
- 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
- 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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AUSTRALIA
- Moira Rayner
- 13 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
- 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
- Michael Mullins
- 04 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
- David James
- 12 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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ECONOMICS
- David James
- 03 October 2012
7 Comments
The demise of Gunns, Tasmania's biggest paper and pulp mill, has been greeted as a triumph of environmentalists over business. The saga encompasses much more than that. It poses some deep questions about ownership and accountability in Australia's financial system which are yet to be answered persuasively.
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RELIGION
- Frank Brennan
- 21 August 2012
Fr Frank Brennan SJ is board director of St Vincent's Health Australia and professor of law and director of strategic research projects (social justice and ethics) at Australian Catholic University. Text is from his address at Leading the Way, the Catholic Health Australia Conference, Perth 21 August 2012, Governance and Mission stream.
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