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This Month

Wesfarmers chief executive Rob Scott says it’s time for action on productivity.

The treasurer must ask what he can do for business

Jim Chalmers is asking business to dig Australia’s economy out of the hole. But he also needs to say what he is going to do to help businesses invest and lift the nation’s embarrassingly poor productivity.

  • The AFR View

November

Jim Chalmers and Anthony Albanese

Labor struggles down the last stretch

The Albanese government’s numbers don’t add up for voters as the election looms.

  • Jennifer Hewett
Treasurer Jim Chalmers with US Treasurer Secretary Janet Yellen in Washington last month.

US Treasury boss Yellen pressed Chalmers on tax stand-off

Australia is refusing to sign up to a key part of global efforts to make multinational companies pay their fair share of tax.

  • John Kehoe
The ACCC rarely holds public hearings. Of the four it has held, three have been against the major supermarkets and petrol retailers. Supermarkets are clearly a high-profile target for the regulators.

Supermarket grilling just a political distraction

The primary driver of the Coles and Woolworths business model is volume, not margin as the politicians or regulators would have us all believe.

  • Robert Hadler
Coles CEO Leah Weckert with chairman James Graham at the AGM on Tuesday.

Coles chairman says cost of living has been ‘politicised’

James Graham told the comapny’s AGM that supermarkets are being targeted unfairly by politicians.

  • Updated
  • Carrie LaFrenz
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Treasurer Jim Chalmers with US Treasury Secretary Janet Yellen in Washington last month.

An OECD global tax deal is close. Australia should jump on board

It wasn’t a good look for Australia to be on the world stage at last month’s IMF meetings as a noted holdout on a crucial international agreement.

  • Richard Holden
Donald Trump

Trump win puts global corporate tax deal ‘in peril’

Experts believe that countries will now be unlikely to apply rules over fears of retaliation from Trump-led administration.

  • Emma Agyemang and Paola Tamma

September

The ACCC accused the two big retailers of targeting families with stretched budgets and seeking discounts.

Woolworths and Coles could be ‘innocent’: Samuel

Graeme Samuel says the higher prices charged by the two major supermarkets could have been caused by suppliers, as the ACCC found the retailers have increased their earnings and operating margins over the past five years.

  • Carrie LaFrenz and Tom McIlroy
A national review of the COVID-response is expected to recommend the permanent establishment of an Australian Centre for Disease Control.

Infection super agency to lead future pandemic response

A new Australian Centre for Disease Control will get powers to manage any future pandemic, under the national COVID-19 review due to be handed to government.

  • Tom Burton
Chalmers’ economic strategy appears to be analogous to slapping a coat of paint over obvious cracks and mould.

Unlike the original Dr Jim C, Chalmers has no excuse

Failing to learn from past policy mistakes is far, far worse than making them in the first place.

  • Dimitri Burshtein

Ireland’s problem: what to do with its $14b budget surplus

More than a decade on from a crash that required the EU and IMF to step in with loans, deciding what to do with the country’s tremendous fortune is proving tricky.

  • Jude Webber

August

People aged over 65 are  more likely to be high cash users than the young.

Australia’s fall in disposable income is the worst in the world

Australia experienced the largest fall across the OECD over the past two years. Economists say it will take another two years to recover.

  • Michael Read
An industry-wide approach makes the government less vulnerable to increasing criticism it is gambling taxpayer funds on the success or failure of specific companies.

Future Made in Australia is already running off the rails

The Albanese government has fallen into the trap of trying to achieve political wins at high economic cost. And nobody is stopping them.

  • John Kehoe

July

Only Colombian businesses face a higher tax rate than Australian firms, prompting economists to warn the uncompetitive tax system is making workers poorer.

Only one country has a higher company tax rate than Australia

Economists say the effective average tax rate of 28.5 per cent on company income makes the country uncompetitive against global rivals and workers poorer.

  • Michael Read
New Scyne managing director Jessica Lambous.

Scyne hires from public service, new KPMG role for former OECD exec

Public sector consulting firm Scyne has appointed its first new managing director, while KPMG has brought on former Labor minister David Bradbury as a partner.

  • Edmund Tadros and Tom McIlroy
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June

OECD secretary-general Mathias Cormann.

Global tax war fears as landmark deal set to fail

Champions of digital taxes have started taking unilateral steps after losing faith in the OECD-backed treaty to overhaul taxation of multinationals.

  • Emma Agyemang, Paola Tamma and Claire Jones
We must repeal legislation preventing the use of nuclear energy in Australia and we need to seriously address energy market design.

My nuclear talk was cancelled. Here is what I would have said.

My presentation to Engineers Australia would have outlined why a nuclear-based energy system would cost consumers half as much with four times fewer emissions.

  • Robert Parker
An oil pump jack in Midland, Texas.

World faces ‘staggering’ oil glut by end of decade, energy watchdog warns

The International Energy Agency says electrical vehicle and renewable energy take-up and slowing growth in China means demand will peak in a few years.

  • Malcolm Moore
Ehud Barak and Yasser Arafat, before their peace plan fell apart in 2000.

Why Australia’s view of the Gaza war matters to Israel

Leading Israelis are aware of mistakes their country has made, and warn of a “volcanic eruption” against the Netanyahu government, but they have been blindsided by the rise in antisemitism in Australia.

  • Jill Margo
A BYD Denza Z9 GT EV at the Beijing Auto Show in April. US tariffs on Chinese EVs are particularly punitive.

History will judge the new era of US protectionism harshly

The unseemly contest by Joe Biden and Donald Trump to outdo each other in trade protectionism will make the world become less prosperous and more unpredictable.

  • Gary Hufbauer

Original URL: https://www.afr.com/topic/organisation-for-economic-co-operation-and-development-1nrc