Today
Hit capital gains and trusts to cut income tax, experts tell Chalmers
Economists at a roundtable at Parliament have urged the government to reduce its dependence on wage taxes and rebalance the system to help younger people.
Yesterday
Productivity boost would make workers $14,000 richer
Productivity Commission chairwoman Danielle Wood has handed recommendations, including on corporate tax, to the government to lift the economy out of stagnation.
Bullock warns inflation may take longer to tame
The governor says the Reserve Bank’s preferred measure of underlying inflation may not fall as quickly as anticipated, signalling an interest rate cut next month is not guaranteed.
This Month
Fading mining boom will cost Aussies $75k each, Westpac warns
Australians will forfeit tens of thousands in potential income over the next decade unless stagnant productivity can be revived.
More than 50pc of voters now rely on government for their main income
A “culture of dependency” has lifted spending to its highest level since World War II, and the National Disability Insurance Scheme is the chief culprit.
AI a Trojan horse for more IR regulation, business warns
CEOs invited to next month’s meeting fear artificial intelligence will be used as cover to push for unions to have veto power over the introduction of technologies.
‘We’re being done over’: Alan Joyce fears repeat of Labor’s 2022 jobs summit
The former Qantas CEO suggests business seeks a guarantee that the productivity summit isn’t orchestrated.
A Labor prodigy’s fast rise – but does he bleed enough for the voters?
Andrew Charlton has the economic credentials, the money, the networks and momentum. All eyes are on how far the long-term rival of Jim Chalmers can go.
John Stone, former Treasury secretary, dies aged 96
Former prime minister John Howard has remembered John Stone as a public servant with “superb intellect”.
Big miners fear tax increase from Chalmers’ roundtable
Resources companies are nervous that next month’s meeting with business, unions and policymakers will target mining and energy to pay for cutting other taxes.
The jobless rate is up. Over to you Governor Bullock
The unexpected jump in the unemployment rate to 4.3 per cent will put scrutiny on the RBA’s surprise decision not to cut interest rates this month.
Jobless rate rises to 4.3pc, cements RBA rate cut
The unemployment rate has jumped to 4.3 per cent, confirming the jobs market is cooling and paving the way an RBA cut to interest rates next month.
Ken Henry says you should be half-a-million dollars richer
Australians have lost $500k in pay rises over the past 25 years because of the economy’s abysmal productivity, says former Treasury boss Ken Henry.
Bloated government clashes with Labor’s business-led growth hopes
Unless there is a fundamental mindset shift by Labor, the private sector will remain stuck in the doldrums, and we will retain an inflated, government-led economy.
Productivity dragged down by government, NDIS jobs boom
Four in five jobs created in the past two years are in industries heavily influenced by government spending and regulation, Labor has been warned.
EV levy plan sets up revenue fight with states
Victoria and NSW are demanding they receive revenue from a proposed new distance-based road user levy on electric vehicles.
Gen Z will be richer than their parents. But here’s the catch
Sluggish productivity and tax policies rigged against young people mean many are missing out on financial comfort precisely when they need it most.
The occupations hardest hit by $3m super tax
People affected by the planned tax on superannuation balances above $3 million will have a total median wealth of more than $11 million, new data shows.
Which RBA board members voted for a rate cut?
At least two Labor appointees to the Reserve Bank monetary policy board almost certainly voted for a cut on Tuesday, former insiders believe.
PC boss wants to make us ‘richer, healthier, smarter’ and more fun
Productivity Commission chair Danielle Wood has urged governments to embrace a mindset that will deliver higher living standards for Australians.