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OECD

January

Just as Donald Trump is galvanising the world with all his wildness, the PM has clearly decided that stability and calm is the best.

Trump’s difference is in the detail second time around

Anthony Albanese was not going there when asked about this. But be assured the pressures Donald Trump is unleashing will make the need to change inevitable.

  • Laura Tingle
Donald Trump.

Trump’s tax plans will send Aussie businesses to America

The promise of a US economic boom driven by lower taxes and deregulation is already starting to turn the heads of Australia’s business titans and entrepreneurs.

  • Shaun Cartoon
US President Donald Trump during a signing ceremony in the Oval Office of the White House in Washington, DC, US, on Monday.

Trump threatens to double taxes for foreign nationals, companies

The US president has ordered officials to draw up retaliatory measures against “extraterritorial” levies, setting the stage for a global tax fight.

  • Claire Jones, Aime Williams and Jude Webber
Donald Trump and wife Melania at Mar-a-Lago on New Year’s Eve. Economists say his policies will hit global growth.

Trump’s ‘Maganomics’ will damage growth: economists

Surveys of more than 220 economists in the US, UK and Eurozone showed most respondents believed his protectionist shift would outweigh the benefits of his policies.

  • Valentina Romei, Sam Fleming, Colby Smith and Olaf Storbeck

December 2024

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
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November 2024

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
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 2024

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
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August 2024

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 2024

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

June 2024

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

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