Keywords: Tax Concessions
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AUSTRALIA
- 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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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
Can Rudd fare any better? He is a formidable campaigner and consistently rates well above either Abbott or Gillard when poll respondents are asked who is their preferred prime minister. What is more, Labor has a success story to tell about the economy, which the Government thus far has failed to sell. Rudd tells this story without illusions.
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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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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
- Paul O'Callaghan
- 07 November 2012
2 Comments
Last week, the Federal Government streamlined bureaucracy when it legislated for a single body to regulate charities and not for profits. But it is also pursuing a new charity tax under the guise of cracking down on abuse of the current system, by 'better targeting of tax concessions'. This could force agencies to downsize programs that support disadvantaged Australians.
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AUSTRALIA
- Brian Toohey
- 02 April 2012
8 Comments
Paul Keating says he changed superannuation from an elite system to one which would include 'the bloke running behind the garbage truck'. But a new elite has left the garbo in the dust. Labor's core constituency and the economy would be much better off with the age pension rather than super.
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AUSTRALIA
- Binoy Kampmark
- 09 March 2012
10 Comments
Mining in Australia has assumed the mantle of the untouchable, so much so that taxing its proceeds is deemed by some to be unpatriotic. What matters to Swan is maintaining the idea, however illusory, that Australia remains an equal country.
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AUSTRALIA
- Robert Corcoran
- 21 October 2011
16 Comments
When America sneezes the world catches cold. No wonder crowds are demonstrating against Wall Street. Successive economic crises reveal that we have forgotten the economic lessons learned after the Great Depression. I am one of the dwindling number of Australians who was alive at that time.
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AUSTRALIA
- Lin Hatfield Dodds
- 04 October 2011
11 Comments
A third of taxpayer-funded superannuation concessions — around $10 billion a year — are directed to the top 5 per cent of income earners. People living on or below the poverty line get no such support. This week's Tax Forum must ask: Are we proud of how we redistribute our national wealth?
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