Exporters often seem to be able to pay less tax than other businesses. One of the key reasons for this is that exporters pay no GST on their exports despite benefiting from government expenditure on things things like education and various forms of assistance to industry including assistance that is specific to export industries.
This post asks whether it is about time to start charging the GST on at least some exports. Continue reading Should We Charge the GST on Exports?
The Commonwealth government has just gained support for a tax cut for business’s earning less that $50m per yr. The benefits of this change are debatable. The only things we can be sure of is that badly needed government revenue has been sacrificed and if anything, the administration of this tax will become more complex.
It might be smarter to get rid of this complex and difficult to administer tax altogether and replace the lost revenue by either increasing the take from already existing taxes and/or some new and simpler tax.
This post looks at the implications of getting rid of company tax. Continue reading Should We Get Rid of the Company Tax?
Ross Gittins says we have fake government rather than fake news, but it does appear that the political debate about company tax cuts has been inadequate and misleading, to say the least. In this post I take a look at what decent thinkers like Gittins, Craig Emerson, Ross Garnaut and others have had to say about the corporate tax cuts. Continue reading Fake news about company tax cuts
Neoliberalism has run its course, Paul Keating has spoken.
Sally McManus, the new Secretary of the ACTU announced the demise of neoliberalism as a useful economic force in her speech to the National Press Club National Press Club, as well as defending her comments that anti-strike laws were unjust and could be disobeyed, and setting out the union peak body’s case for a $45-a-week increase in the minimum wage.
McManus said that neoliberalism and trickle-down economics had caused inequality to reach a 70-year high in Australia and that “working people and ordinary Australians have been the victims”.
Continue reading Class warfare needed to shake lazy neoliberalism
That was the title of Phillip Coorey’s article in the AFR about Ken Henry’s withering speech to the Committee of Economic Development. For those who came in late, Dr Ken Henry was secretary of treasury from 2001 to 2011, appointed originally by Peter Costello and served during the Rudd/Gillard years. He is now chairman of the NAB board.
I think it was the news story of the week. Continue reading Henry: politicians fail while Australia burns
I must admit I didn’t know in advance that on Tuesday there were rallies all around the country in protest against the overpayment recovery system used by Centrelink which has seen thousands of people wrongfully issued with overpayment notices until I heard the Radio National report in the evening.
Googling, the only other report I’ve found was of the Melbourne rally, which, inter alia, said that over the last five years Centrelink staff have seen 5,000 of their colleagues lose their jobs. Also this item about strike action by staff last December. CPSU National Secretary Nadine Flood said:
“Medicare, Centrelink and Child Support staff are frustrated and worried by the Turnbull Government’s mean and illogical public sector bargaining policy. These working mums and dads are asking us if they can go on strike again to bring some attention to this unfair situation, as they face their third Christmas without a pay rise.” Continue reading Teflon-coated politicians – no heart, no brains, no ethics
Zygmunt Bauman, sociologist and philosopher, died on 9 January. He had a particular place in my life, which I’ll contextualise later. My introduction was in 1999 through his book Work, consumerism and the new poor.
The message of the book can be simply stated. With the industrial revolution work was deemed intrinsically good, and more was better. It was preached from the pulpits. The poor had utility as a reserve workforce, to keep the cost of labour down.
The modern world, however, is shaped by consumption rather than production, and production could be automated or moved offshore. So the poor no longer have any utility, they are simply defective consumers.
The poor are not needed, and so they are unwanted. And because they are unwanted, they can be abandoned without much regret or compunction, forsaken. Continue reading Vale Zygmunt Bauman
In the comments thread of the post How Trump won, but what does it mean? I made the comment:
I don’t think we’ll ever get a just and decent society in the US or Australia from the right wing of politics. The question is whether we can make it on the left.
In Ootz’s rejoinder, he suggested that the old left-right dichotomy is not practical nor applicable anymore, and linked to an article Understanding the Determinants of Political Ideology: Implications of Structural Complexity, by Stanley Feldman and Christopher Johnston. Continue reading Political ideology and the left-right divide
Back in November 2010 I did a post on Climate change and the Murray Darling Basin at a time when a plan for the Basin was proposed, but not yet settled. The post still gets a steady trickle of visitors.
The Murray Darling Basin Plan was passed into law in November 2012, when Julia Gillard was prime minister, and Tony Burke the minister responsible. There has been a recent kerfuffle, when Barnaby Joyce said an extra 450 GL of water probably would not be forthcoming. Yhe reaction from SA premier Jay Weatherall and his ministers, and Senator Nick Xenophon seemed to imply the South Australia would be left high and dry. Turns out that’s not really the case. Continue reading Murray Darling Basin perspective
1. Kazakhstan beats us in maths and science
Kazakhstan has beaten us in maths and science taught in schools – again. We should be aware that Kazakhstan was the home of the Soviet space program, as well as the apple, and has a futuristic capital designed by a Japanese architect:
Continue reading Saturday salon 3/12: late edition
Alan Fels said it, so it must be so:
The Turnbull Government’s Migrant Worker Taskforce chief, Allan Fels, said major reforms were needed to confront the growing problem.
“There is enough evidence to say that it is systemic,” Mr Fels said.
“Significant numbers are really exploited.”
Continue reading Systemic abuse of migrant labour
AUSTRALIA’S lofty status as the world’s second richest nation remains intact, new figures reveal, despite household wealth stalling this year.
In the seventh annual Global Wealth Report from Swiss bank Credit Suisse, the “lucky country” posted an average wealth of $US375,600 ($508,900) for every Australian, second only to banking hotbed Switzerland, with an average net worth of $US562,000.
Continue reading Saturday salon 26/11