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Richard Holden

Tax cut retreat is a loss in the global war for talent

This is the wrong policy done in the wrong way, driven by politics and the arbitrary structuring of the budget.

At one point in the BBC classic Yes Minister, Sir Humphrey admonishes his minister, Jim Hacker: “if you’re going to do this damn silly thing, don’t do it in this damn silly way.”

At least one can say that Labor’s stage three tax cut changes were done in a very clever way. Politically speaking.

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Richard Holden is Scientia Professor of Economics at UNSW Business School. Connect with Richard on Twitter.

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    Original URL: https://www.afr.com/politics/federal/tax-cut-retreat-is-a-loss-in-the-global-war-for-talent-20240130-p5f10y